Just got married and my husband does not believe in the debt consolidation programs, I have taken on the responsibility of doing all the bills and I find were in over our head by being 40,000 in debt. Good thing our wedding was cheap! But I want a life with a home, and that will never happen if I can not get these credit cards paid off. I am in college, and can only work part time as I have lupus and he works tons of hours but it is still not enough.
How do I make the debt go away or at least decrease it in 1/2.
Where did the debt come from? Is is yours or his primarily?
The logical approach at this point in your life would be bankruptcy. You probably have little in assets and based on your medical condition and earning potential for the next couple of years any repayment program does not seem to be sustainable unless you can easily afford $900 or so a month.
About 75% of people that go bankrupt are able to file under a Chapter 7 bankruptcy. If you were able to do so you’d be totally out of debt in months and it would cost about $1,500.
You can click here to find a local bankruptcy attorney and go talk to them.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.