My wife and I have about $65,000 in credit card debt.
It started when our daughter was born 12 years ago with a severe rare medical condition. In order to stay up on medical bills, mortgage, utilities we resorted to credit cards to offset our income.
Over the years this added up on us. We are not late on any bills but we can only make the minimum on them ( some approx $600 each) and I have a credit score of about 700. Our combined income is approx $140,000.
I have tried for a debit consolidation loan but keep on getting declined because my debit to income ratio is to high.
I have recently been contacted by Accredited Debt Relief about doing a debt management plan but I am skeptical.
I want to pay these bills down but don’t want to be ripped off either. My other issue is I am a government employee with a security clearance.
This leaves me with some worries on how to proceed. Please help me with any guidance and advice you can give.
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.Sick Daughter Led to Debt. How Can I Get Out of Debt and Not Hurt My Security Clearance? - Mike by Steve Rhode