Not sure if this is the right forum.
i got sick awhile ago and now i am on ssdi. I cant afford monthly payments anymore.
should i contact the banks and let them know i am now disbaled and csn not pay?
not sure what happens now im in florida
thanks for any advice
sorry to hear that
it definitely helps a LOT when you call THEM - instead of them calling you
explain your situation - they may
lower the APR
lower the monthly payment
setup a monthly payback plan that you can afford
in other words - most of them will be willing to work with you - if you give them the heads up
once you start missing payments, most of those options may disappear
good luck to you!
You may want to talk to a BK attorney and see what options you have. Especially if your unable to work any longer. They all have free consults. Sorry about the life event.