Recovering breast cancer, single mom. (Husband desserted me during treatment). Able to buy a house on my own after borrowing from my retirement. In credit card debt over $20,000 now before I realized it. Emotionally wanted to make myself and kids happy. Mistake
Do these debt bailouts ruin your credit? Can I get help and still have good credit?
There is no such thing as a debt bailout. And it is not possible to intercede in your debt and emerge with as good or better credit unless you consolidated it with a loan. As an example, LendingClub.com is one such place.
Are you not able to afford the monthly payments on the $20,000 of debt or are you just concerned that you now have the debt? It’s not clear from your question.