Long story shortened as much as possible ahead. My husband and I are in our early/mid 20s and have racked up quite a bit of debt. We had three very small credit cards that we were using rather stupidly and paying the minimum balance on. Until he had some health problems and we racked up a little over $10k in medical bills in a matter of a few months. With his medical circumstances he was unable to work, leaving me as the sole provider for us. I make a little over $20k a year. After his job loss we were unable to make even the minimum on credit card payments. They are now in the process of being charged off. To make matters worse our car which we still owe almost $3k on broke down and will need roughly $5k of work to repair. I'm currently pregnant and due soon. I'm starting to wonder if we would be better off filing for BK with our almost $20k in debt. (Not to include our accumulating student loans).
Submitted April 03, 2017 at 09:21AM by clb0128 http://ift.tt/2oBxl5W
