Quote:
Originally Posted by platinum
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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You sound like you are in debt denial and have been living WAY above your means. You have alot of debt and getting rid of the CC debt isn't going to solve any problems until you solve your attitude toward debt.
06-04-2009, 10:08 AM
