I have credit card debt of about $12,000 on top of my student loans which total about $22,000.
I am not proud of the situation I am in. Living on my own and going to school (and being young and dumb) I used credit cards to get by and now they seem like they are never going anywhere.
I recently got married and my husband is going to school which we are paying for without loans. He isn’t working while in school and I am getting ready to take on a part time serving job to supplement my full time income.
My husband also has a chronic illness and his medicine just jumped up to $300/month (at least for the next 3 months) It is getting to the point where I’m not sure how much longer we are going to be able to keep up with it all.
My credit isn’t great since I have so much outstanding debt and my husband’s is non-existent because he filed bankruptcy due to medical bills when he was in his early 20′s. I am 27 and he is 32. I feel like this may dictate the rest of our lives.
Should we file bankruptcy? I’ve mentioned it once to my husband before we got married and he was against it.
We want to get a home one day and have children, but I just don’t see any light at the end of this tunnel that will allow us to do that.
I haven’t asked anyone else’s advise out of embarrassment; I don’t think anyone close to us knows the situation we are in. I would love any suggestions you may have…
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.My New Husband Says Bankruptcy is Out of The Question. He's Against It. - Susan by Steve Rhode