I Feel Like I’m Treading Water All the Time With My Debt


Dear Steve,

I was just sued by one of my credit cards and another isn’t too far behind. They are all wanting to set up payments, but I can’t financially do it. I feel like I am treading water all the time. I don’t know what to do.

What to do when all the credit cards you have want a payment every month, but you can’t financially do it? But you have to or they will sue you.



Dear Dana,

The reality is you are probably just treading water all the time with your debt. Unless you break the cycle of just getting by you are going to be stuck in the same rut.

The primary ways to find extra cash to make ends meet is to:

Make More Money – Always a good idea to look around and see if there might be another employer who is offering to pay more for the job you do or the skills you have.

Reduce Expenses – Most people trim back when times are tight so I doubt you have a lot more to cut out or that you are ready to eliminate.

Combination of Both Efforts

An approach that involves a bit of increasing income and reducing expenses.

Another Alternative

It might just be time to think about eliminating the debt entirely using the power of the law. A consumer bankruptcy will eliminate your debt within 90 days or so and give you a fresh start to do better moving forward.

You can click here to find a local bankruptcy attorney and talk to them for free about your specific situation. Get the facts and then you can make an informed and educated decision if bankruptcy is right for you.

The reality is bankruptcy is nothing to be feared. Read this.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

Do you have a question you'd like to ask me for free? Go ahead and click here.

Damon Day - Pro Debt Coach

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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.
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