Laid off during a kitchen remodel three years ago, had to finish with credit card payments, but finally the payments are too much for the budget
I wrote earlier about too much unsecured debt ($65, 000) because of a lay-off and how it is taking over our life. Your answer mentioned chapter 13 bankruptcy, but I am hesitant to go that route because I have an American Express card that is paid in full every month by my employer (by sending me a check) for my business expenses. the card is in my name and i need it for business and travel that pays all the bills. i can’t take a chance on having the account closed. sort of a catch -22. is this a real concern?
would calling the three credit card (usaa, 5/3, and capitol one) companies be a good alternative? with our escrow account being raised $600 a month recently for higher taxes, we just can’t keep sinking much money into the cards.
The choice of mortgage over credit cards seems obvious, but i still feel awful about the choice!
Please help with any advice or steering in the right direction (so I can finally sleep at night!!)
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