Hi PF. Long time lurker and first time poster.
I will try to be brief as I do not know where to even start. Six months ago, my husband and I got into a terrible car crash that had us both in the hospital for 6 months, we were just recently released. While our health is on the upswing, our financial lives have been destroyed. Shortly before we got into the car crash we left our regular jobs and started our own company and things were going great. But then, the car crash.
Anyway, long story short our savings is now gone as we were self-employed and not able to work while in the hospital. Our savings went to paying rent, utilities, and medical. All of our credit cards totally went unpaid. We don't have any family that could take care of our personal matters while we were in the hospital.
The real problem is now, we are having credit card accounts closed left and right and our credit has been utterly decimated and I am not sure how we even go about rebuilding our credit. Unfortunately, before all this happened we had very high balances on our credit cards from a previous medical issue (mine), we had about 65k on credit cards which I managed to get down to 40k in about 6 months. We had a perfect payment history which of course has now all gone down the tubes.
I would really appreciate any advice at this point. We aren't worried about paying down our debt because once we start working again we make decent money. My main concern is what to do about our credit. How long it will take to rebuild, will anyone ever give us credit cards again now that so many have been closed? Etc.
Thank you in advance.
Submitted May 14, 2019 at 03:30PM by Tough_End http://bit.ly/2WIMWRR
