Ask The Get Out of Debt Experts Bankruptcy Related Credit Counseling

We Have Nothing Left at the End of the Month. – Gina

“Dear Steve,

We have $50,000 in credit card debt. We have a monthly gross income of $13,000. The net income, however, is around $9800.00. Our monthly expenses with bills, to include 6 credit cards, utilities, the mortgage, two car payments, raising three teen age children, etc, are swallowed up and we have NOTHING to show at the end of the month. We are considering getting help through one of the consumer credit counseling services given to us through our creditors OR bankruptcy. We are seeking your advice on what to do.


Dear Gina,

The big issue with credit counseling is that while it might lower your interest rate, it generally won’t lower your payment. And it sounds like what you need most right now is some breathing room to get by month-to-month and to start saving in case of an emergency.

Let’s approach the problem like this, click here to find a local bankruptcy attorney, go talk to them, and then report in the comments below what your gut reaction is about what you learned.

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.


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.

About the author

Steve Rhode

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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