Consumer Credit Counseling Government
Getting out of debt?
I have a serious ongoing problem. I am a single mom that owes probably $4000 in unpaid bills. now one of my credit card companies turned me over for collection, and they want either a reduced amount paid off or 2 payments of over $600 each. I don’t have it. I was screwed in a divorce, trying to raise two kids on one income and can’t make my payments. Gas is killing me. I also owe over $600 to the government and that will come out of my stimulus check. I can’t ask to borrow any more money from mom. I need to call the bill collector back in 24 hours on the credit card or they will start proceedings. What do I do? I am reading how bad Consumer Credit Counseling places are…..any advice?
First of all, Bankruptcy is NOT your answer. It’s not worth it for $4,000. As a single mother, your priorities should be shelter for your children, food, clothes on their backs, utilities, and transportation. Credit Card companies will tell you they will garnish your wages, they will tell you they know where you work and how much you make but the truth is they don’t. You can call and tell them your story, but they will have absolutely NO sympathy for you what-so-ever. If you can’t pay your credit card bills for awhile SO WHAT!? Just provide the basic necessities for your children. IF your credit cards get behind a year or so, they credit card company may sue you. At which point you could settle with them for 30-60 cents on the dollar. They could just lie down and not come back to sue for two or three years… .it depends on the company. Like I said, just provide the necessities for your children. If you do that, you’re being the BEST mom you can be. The credit card companies really do not matter. As far as your credit is concerned… if you’ve been turned over for collection, your credit is going to be pretty scarred anyways, so who cares if they are your last priority.
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