I'm embarrassed to admit I've gotten into some finanical problem. I'll be married next month so there will now be two of us. He has $35,000 in student loans. and some old credit cards on his credit report. I had perfect credit even a little savings account in 2008. Fast forward to now, I lost my OT ( which I had EVERY week for 8 years never slowed down) I have a townhouse with affordable payments . But All the problems that come with home ownership . I have about $36,000 in CC debt now. I've been stealing from peter to pay Paul so as of today I have no lates or missed payments- at all. But I'm broke. I have high insurarnce cost and a couple hundred in prescription cost on top of reg bills.We both have old paid off cars, but the nickle and dime us. So in the next few months I have to make some changes. What are my choices. I've read alot here- Pay off hightest card ect...But I don't have extra money to pay off more than any miniums. Bankr or cons debts.......Please advise if you've been in a similar situation Thank You.
How long have you owned the townhouse? Can you sell it for a profit and use the proceeds to pay off credit card debt? Or are you underwater on the house too? Also, is there any way you can increase your income? A 2nd job at night or selling things on eBay? Anything to bring in some extra cash to start paying your highest interest debt down first. Can you sell one of the cars and get by with just one?
