fbpx

When To Do Nothing About Overwhelming Credit Card Bills

I answer many reader submitted debt and credit questions that are submitted to my site using the “Ask Michael” feature. From time to time I receive enough information of someone’s current hardship, as well as a clear picture of monthly cash flow and bills, to be direct with my feedback, rather than offering generalities with …

Read more

I Have $150,000 in Credit Card Debt and a Million Dollar Mortgage. – Mingus

Mingus “Dear Steve, So far I’ve been able to pay credit card bills (total balances over $150k) , my mortgage ($1 million jumbo) and home equity line on time and my credit score is still above 700. All accounts have good interest rates, even the credit cards have none above 7.9%. I no longer have …

Read more