I'm not sure why you all want to focus on the cars. There is no problem in making those payments since I will no longer have the house mortgage payments and the credit cards will be reduced.
The only reason I can see to default on the cars is so I can be in a better position to negotiate a deal with the credit card companies, but as I said, they are essential to both my wife's and my work so that isn't an option.
I have been making financial decisions. I don't want the houses to go into foreclosure or short sales, but it's the only way to make things work. I don't want to not pay the credit cards, but I just can't afford the current payments so I have to negotiate them down. I can afford the cars and they are essential to keeping our income and jobs.
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