When my husband and I got married 4 years ago, we both had low credit scores and collections and he had a foreclosure. I worked my butt off to get stuff paid and our credit scores up. This involved opening a lot of CC accounts and using responsibly. I successfully did what I set out to do and we have purchased two homes and bought two cars with great interest rates. However, my husband works in the oil field and we ran in to some really crappy times and had to rely upon those credit cards to make it through. Now, we're struggling to pay off all those cards and are constantly late. Our scores have tanked (which doesn't matter so much, we don't need them right now) but the minimum payments on everything is more than we make. How do we get out of this without bankruptcy? Do we close every credit account except the major ones and then try to negotiate different repayment terms? Do we take our tax return and just pay for a bankruptcy? Is chapter 13 really that much better than a chapter 7? We have 6 kids and no savings anymore. We were once super comfortable and now sinking every month. Any advice is appreciated.
Submitted January 28, 2019 at 08:42AM by inapickle15 http://bit.ly/2MCml4G
