I Can’t Afford My Credit Cards and Don’t Want to Go Bankrupt. – Marion

“Dear Steve,

I am about 50,000 in credit card debt, When I got divorced, my sister and brother in law were placed on the mortgage not the deed so that I could refinance. therefore, I can not declare bankruptcy. I make too little money for the ccr.I am the only one on the deed and I have more than 20,000 in equity and I live in PA, I can’t afford to pay the credit card debt.

What would be the best possible solution for me?

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Dear Marion,

The best possible solution? Win the lottery.

Here is the problem. If you don’t do something the creditors will agree to you may get sued and a lien can be placed against the house. Since you live in Pennsylvania your wages can’t be garnished for credit card debt.

The big question is if the $50,000 in credit card debt is new since the divorce or at least part of it? Let me know by posting your answer in the comments section below.

Please update me on your progress by

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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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