Anxious over debt
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| Tue, 09-06-2005 - 6:58pm |
Hi! I am a single mother of a 13 year-old boy. I have a tremendous amount of credit card debt. I do pay each bill on time every month, but unfortunately, due to the high interest rates, the balances do not decrease. Also, I have read online that the credit card companies are going to double the minimum payments - which I cannot afford. I have paid off one credit card back in March - and I am trying to pay off another card - more than the minimum payment required. Usually when I get my income tax refund, that's when I try and pay a card off or at least a big chunk of it. I was doing okay for a while, but then like everyone else, unexpected medical bills come up, car maintenance/repairs, etc. But on the plus side, I do not use credit cards anymore! I pay only with cash.
I work full time, receive child support, and clean two houses - (I get paid under the table) - every week, just to make ends meet. Fortunately, my house and car are both paid off, but I really don't want to take out a loan and use them as collateral, because I don't want to take the chance of losing them. I have been looking for another part time job, too, but I am so tired as it is, that I really don't want to have to do that. I did make an appointment to go to Consumer Credit Counseling this Thursday, just so I can get some good advice. I have been reading this message board on and off for a while, so I thought maybe I could also get some good advice here, too.
Thanks for listening!
| Tue, 09-06-2005 - 11:18pm |
| Wed, 09-07-2005 - 1:07pm |
