My parents recently admitted to me they have $60k in credit card debt.
The majority of the debt was accrued from medically-related charges for paying hospital bills for my disabled grandmother. I know this was a bad move to transfer the bills to credit cards, but that's what happened and now that I'm just finding this out I'm trying to gather any information I can to help them.
I've begun initial research, but I just don't know what to trust or the total spectrum of options available for debt relief. I've seen things like debt consolidation loans, but that looks like a potential for another 25% fee on top of the existing debt.
Does anyone have experience with major credit debt and how did you deal with it?
Does anyone have any advice for what my parents need to do?
Submitted October 02, 2017 at 07:30PM by creditdebtthrowaway http://ift.tt/2xWRaM7
