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Background would be that, we have had credit card debt. I have moved from one card to another to reduce the interest rate. Now I have about 22000.00 is credit card debt. Just on one card. I currently work 35-40 hours, my husband works his normal 40 hours also. With the automotive industry crisis things are slowing down and the O.T that we have relied on is not there. All our bills are up to date and not behind but now its starting to happen.
My question is how can i get out of that one credit card debt? Bankruptcy, chapter ? anything. I have closed that account and have a 6% interest on it but my monthly payment is 500.00. I just cannot afford this and have talked to them and this is the best they can do for me. All our ties and cut, all the money is spent on the monthly bills that we cannot get out of. I hate to file to hurt my credit but I feel thats all that is left?! This bill is currently past due and I cannot make this monthly payment, so instead of trying to pastdue another bill I need your assistance.