Latest Posts
Home > Ask The Get Out of Debt Experts > We Have Nothing Left at the End of the Month. – Gina

We Have Nothing Left at the End of the Month. – Gina

“Dear Steve,

We have $50,000 in credit card debt. We have a monthly gross income of $13,000. The net income, however, is around $9800.00. Our monthly expenses with bills, to include 6 credit cards, utilities, the mortgage, two car payments, raising three teen age children, etc, are swallowed up and we have NOTHING to show at the end of the month. We are considering getting help through one of the consumer credit counseling services given to us through our creditors OR bankruptcy. We are seeking your advice on what to do.

Gina”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

Dear Gina,

The big issue with credit counseling is that while it might lower your interest rate, it generally won’t lower your payment. And it sounds like what you need most right now is some breathing room to get by month-to-month and to start saving in case of an emergency.

Let’s approach the problem like this, click here to find a local bankruptcy attorney, go talk to them, and then report in the comments below what your gut reaction is about what you learned.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.

Big Hug!

We Have Nothing Left at the End of the Month.   Gina
Get Out of Debt Guy – Twitter, G+, Facebook

If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.

We Have Nothing Left at the End of the Month. - Gina by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.