What Can My 87 Year Old Mother Do About Her Debt? – Nancy

“Dear Steve,

My mom is 87 and up until this year had a credit score of 750. she has about 10,000 in credit card debt but has been paying her cards on time without a problem until this year. every card she has lowered her credit limit and has increased her interest rate which of course has put her in a very bad position. haven’t checked her credit score lately but i’m sure it has taken a big hit. is there anything she might be able to do that will help her lower her cc payments or eliminate some of her debt without doing too much more damage to her credit score? found your website by accident but you sound like you really know what you are doing so i hope you can give us some good advice. thanks in advance


Dear Nancy,

At 87, what is her concern about her credit score? Depending on how much debt she has and her health, she might not even be able to repay her debt within the remainder of her lifetime and I seriously doubt she’s going to apply for or get approved for any new loans at her age.

Does she have enough money to pay the debt off?

How is she making ends meet right now?

How much debt does she have?

And besides trying to hold on to a credit score she now has little control over, what is the goal we are trying to achieve?


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.
Damon Day - Pro Debt Coach

Steve Rhode
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