Become a member of Nichebuddy!

I received the pink slip and now credit card debt is quickly bankrupting me

Written by Author on September 25th, 2009

My families life has spiraled pretty much out of control all stemming from bad money problems.  For us it began when I got laid off this was something that I honestly did not foresee this happening and it did.  Needless to mention losing income is not beneficial for any of us but I haven’t yet picked myself up and found another job yet.  This immediately made me realize just how far gone another financial problem I had is.  This issue is credit card debt.  My debt bills are extremely steep and with no employment I can’t pay them and will no doubt begin to go late on the monthly payments.

We have been looking for a debt solution that will help me out while I am still trying to find new employment.  Many financial experts have been preaching that credit card debt settlement is a reasonable program that will be for someone in my kind of situation.  The goal in mind of this process is for the debtor to save income and reach debt freedom very fast.  This sounds precisely like what I should be doing. 

It seems as if credit card debt settlement is really the only workable plan for me because a bankruptcy would require me selling my house and a CCCS program is something I won’t be able to afford.  I have talked about this program with my partner and he feels that credit card debt settlement would be a good idea for us too.  After we get rid of credit card debt then we need to work on becoming a lot more responsible with our money and never get stuck in this terrible trap again in our lives.

Leave a Reply

Security Code: