My wife and I together make a six digit salary, but we have way over extended ourselves.
We have 1500.00 house payments (this includes ins., taxes), 500.00 car payments of which we owe 20,000 on a car worth 18k, 350.00 a month motorcycle payment on a bike worth more than we can sell it for, plus school loans and credit card debt that amount to over $1200.00 a month.
We are not making it and our credit is terrible and I have used up all my options on borrowing from our 401k. My wife is in the Navy reserve and filing bankruptcy
is not an option. We both are 50 years old and just sick of being in debt. Please help us and give us some advise.
MikeMy wife is in the Navy reserve. Where do we start with such a heavy debt load? - Mike by Consumer