We Are Making Ends Meet But Have No Extra Money to Put Toward Our Credit Cards. – Sarah

“Dear Steve,

We are making ends meet but have no extra money to put toward our credit cards.

We have no breathing room. We can’t leave town to go see our family without worrying about being able to pay our bills. We are making ends meet but have NO breathing room and can’t even put extra towards our credit cards to pay down the debt. We want this so bad but have no means of doing it. We’ve looked into a debt settlement company but I read up on debt settlement and no one had anything good to say about it. Is it true that whatever you don’t pay back to the credit companies you have to claim as income? Is there anything we can do besides bankruptcy?


Dear Sarah,

I’m afraid the debt God’s have spoken and without additional income, bankruptcy is the most logical answer here. Click here for a free bankruptcy consultation with a local bankruptcy attorney.

Why is that? Since you have no money extra and you’re just getting by on what you’ve got right now, there is no money to even think about doing credit counseling or debt settlement. Enrolling in either of those options is not a route to make this go away.

If you can’t increase your income or reduce expenses to free up extra money to promise a payment on your cards for the next seven years then a friendly meeting with a bankruptcy attorney is the best way to proceed.


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.

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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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1 thought on “We Are Making Ends Meet But Have No Extra Money to Put Toward Our Credit Cards. – Sarah”

  1. Steve,

    Being a bankruptcy attorney, truly like your answer. I would add that people need to take a serious look at getting control of their debt: How they Use credit cards, Which to pay off first, Where their money is going, Where they can cut expenses, What they can eliminate to save money.

    There are many great resources, such as Steve, look deep and hard, and talk to a bankruptcy attorney or two to evaluate your circumstances, most will offer free consultation.


    Jeff Jacksons last blog post..Debt Consolidation Stories


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