I had a job that helped me pay my credit card bills until a few months ago. I have food and shelter via my husband, but nothing more. I have six credit cards that add up to $25k with varying APRs (8% - 20%).
My husband and I rent a home, while my children live in our house (about $360k left to pay on the mortgage, and FWIW, Zillow lists it as a $550k home - our children make the payments).
Only my name is on the credit cards, but both of our names are on the house documents/mortgage.
I'm wondering what options I have if finding a job is not within reach. I think my children would be willing to help me pay this debt, but I don't think I'd feel comfortable with this. Bankruptcy was never in my plans, but it's preferable than having my kids pay off this debt for years ($450/month toward principal).
My husband still works, but he has an $8k debt to credit cards himself. He was going to takeover my own debt, but that can't certainly be a good thing when he's a year or two from retiring with full benefits.
Thank you for any insight.
Submitted October 30, 2017 at 11:22AM by throwaway9639639631 http://ift.tt/2yY465s
