Last year I was finally up over 700 on all my reports after spending many years in the dumps after a bad relationship in which I was young and naive. Was able to get prime cards with good limits (more than my sig shows!). Then I unfortunately went overboard... and then I hit a rough patch and maxed all my cards. I was paying on time until I hit another rough patch in April. My cards are all maxed or over the limit. A few are 60, almost 90 days late. I start a new corporate job on July 10th and will be getting paid every 2 weeks- a steady income! Currently I am a self employed single mom, so when things are rough, I don't have steady income to rely on.
That said, my scores are currently hovering around 500 with the maxed limits and late payments. I know I will need to snowball once my paychecks start coming in to tackle this debt, but obviously will need to get everything current first. How can I keep myself afloat in regards to my creditors until my first paycheck comes? I already resell items for a living, so suggesting I sell anything and everything is already being done, things just aren't selling. I will be having a yard sale next Saturday as well.
Basically, do I answer their phone calls even though I have literally no money to pay? If I do, what do I say? Literally, my bank account is in the negative $200 due to NSF fees. I am super stressed about this whole thing and I feel totally dumb because I KNOW better!
Thanks in advance :-)
Starting Scores: EQ (MyFico): 561 TU (MyFico): 579 - 2/15/13
Rebuilding Scores: EQ (MyFico): 597 (6/11/13) TU (MyFico): 606 (6/12/13)
Current Scores: EQ : 665 TU : 649 EX : 704
Cards: SDFCU $250 | Cap1 Secured $750 | Victorias Secret $500 | Amex BCE $4k | Chase FU $2k | Cap1 QS $1k | PenFed Promise $3.5k | Wayfair $1k | Care Credit $1k
