I lost my job a month ago. I have a new job to go to but half of what I was making. Without reducing or eliminating my credit card bills, I will lose the house because I barely have enough money for groceries and gas to get to work after paying bills. A couple of credit card companies put my account on hold but only until I return to work (start date 9/13) another worked out a 6 month reduced payment plan. I have between $20 and $25,000 in 403b accounts but if I take that, which I am willing to do, I’ll lose 30% in taxes and penalty fees. My credit card balace is somewhere around $31,000. I don’t’ know who to trust or what route to take.
What is the best way to go, I can no longer pay my credit card bills without risking loss of our home. Counseling and cosolidation or debt reduction? Someting entirely different? Is there anyone you recommend?
It is always a good idea to consider bankruptcy as an option to reduce your debt if it is not manageable. Bankruptcy gives you legal protections that no other debt relief option offers. You can click here to find a local bankruptcy attorney.
If you want to talk to a debt coach then I suggest you contact
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.