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Tag Archives: can’t afford minimum payments

I Have 16 Credit Cards, Out of Work and Living With Toxic Mold. – Jennifer

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“Dear Steve, I have about 16 credit cards that have a revolving balance for a while now (around 2-3 years or more on some.) and I’m in a situation now where I’m out of work and had to evacuate my home because of a toxic mold issue. Even when I was working I never made enough money to pay more ... Read More »

I Have $100,000 of Credit Card Debt and Thinking About Debt Settlement and Bankruptcy. – James

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“Dear Steve, My credit card debt has reached $100,000. I was able to keep up with the payments, but due to pay cuts and such, I can no longer afford even the minimum payments. It appears the only options I have are bankruptcy or debt settlement. Debt settlement seems like a viable option, but there are so many variables with ... Read More »

We Were Paying All Our Bills and Then the Credit Card Companies All Raised Their Minimum Payments. – Liz

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“Dear Steve, It’s not as if we don’t know what happened. As a couple we have an excellent and good credit rating. One month we were paying everything on time and the next everyone raised their interest rates and minimum payment and we didn’t have the money to make ends meet. The only things we want to keep out of ... Read More »

My Boyfriend Has $20,000 in Credit Card Debt on 8 Cards. – Kathryn

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Kathryn “Dear Steve, My boyfriend has $20,000 in credit card debt on a total of 8 credit cards. He was able to pay his minimum payments & a little extra, as he had been trying to do the debt snowball elimination method. Recently Chase bought out a couple of the companies he has credit cards with and now his minimum ... Read More »

Unemployed, Pregnant, and Can’t Afford the Payments – Erin

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“Dear Steve, Unemployed, pregnant, and cant afford the payments demanded by the debt collectors. I am trying to make the demanded payments by the debt collectors, with out defaulting on my car payment, insurance, and medical bills. Do I have to send the collection agency the payment they are demanding, or can I send what little I can afford without ... Read More »

I Can Afford Only The Minimum Payment. Where Can I Get a Debt Consolidation Loan? – Patricia

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Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here. “Dear Steve, 3 major credit cards. Total debt approximately 17K. ... Read More »

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