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Originally Posted by BignRichfan
My husband was laid off for 1 month during december and I do not work due to illness. We have always paid our bills on time. We live paycheck to paycheck and have no savings and had to not pay some of our credit card bills to pay our most important bills since we had no income coming in. Now 2 of those bills have minimum payments of $178 and $138 because of late fees and over the limit fees. There is no possible way I can pay this at one time to catch up. Both of these cards have $3000 balances on them. I don't know what to do. I am not worried about what it will do to my credit as my credit already is as bad as it gets due to earlier circumstances, but I want to pay what I owe. If I say pay them only $50 which is more manageable for me they will hit me with another late fee and over the limit fee im almost sure and I will never get under the limit. Does anyone have any suggestions as what I can do besides shoot myself for getting in this mess to begin with. Thanks.  |
From my personal banker:
She should call the bank first to see if they can make hardship payment arrangements. Another option is to contact consumer credit counseling services. Here is the website. http://www.cccsintl.org/
I hope this helps.
She is a great resource. I hope this helps.