OK.... although bankrupcy is the 'easy' out, it is not always the best way to deal with this problem.
What you need to do first is to speak with someone who specializes in debt management. Maybe you can look at debt consolidation as an option to get you thru this.
Although you do not have a steady job, I'm sure you have skills which you can rely on to get some side work to keep you afloat. Go to a manpower agency or something similar to get casual employment.
You need to keep pushing and trying to do odd ends while you look for your next gig.
sad trombones wrote:Hello I'm new here. I do not know if I am at the proper forum, or website for that matter to seek help with my situation. I am unemployed (seeking work, but no leads). I've made some big mistakes I'm not proud of with money. I have multiple cards from multiple issuers equaling about $56,000. I've stopped paying on the cards on a regular basis starting in December '11 but I've made 1 or 2 payments on each trying to push the charge-offs further down the road. I have about 12k in savings equivalent I'm living off. No income otherwise.
I'm trying to wrap my head around all this and I'm not sure where to go from here. Please point me to the proper forum if one exists so I can ask specifics about charge-offs, bankruptcy(?), the general process that I can expect the creditors to pursue, all that fun stuff. I've always payed my bills on time up until all this.
Thank you for any replies.