Hello,
I have 17.5k in debt with credit cards and personal loans and whole I am able to make the minimum and stay current-that's all I am able to do. Last 3-4 months has been particular hard and due to a home repair that we had to do costing 14k. ( Foundation and plumbing )
My wife has 13k but 4 of that is a personal loan we took to help with the house repairs. Hers we are paying extra on. I will admit I was a little irresponsible and drove mine up more than needed but at the time it was more manageable then now. All my cards and loans are current and I have been late about 3 times on 3 of them months ago. However we just can't manage them all even paying the minimums. Although we can pay the minimums-its leaving us with pretty much nothing in the end and causing to much stress.
I am considering consumer credit consuling or a debt management plan through a non profit. My information is listed below on what I pay plus housing, utilities, and all that.
Any help, advice or where to go would be helpful-Can I settle debt when my cards are current? If I go through a debt management plan will I have to close all my cards? Can I keep some cards out of the debt management plan like my Citi cards. Discover, Amex and Capital Ones?
Do I let the cards go past due then haggle destroying my decent pay history ?
Bring home pay together 5,506.00
House payment $1450.00 ( went up 285.00 due to rising taxes )
Electric bill averages 285.00 ( it's an old house and horrible insulation. We are working on that )
Water 120.00
Food averages 400.00 ( we have 3 boys )
Car 1-396.00
Car 2-455.00
Insurance 190.00
other items that come up during the month ie. extra food, kids school activity-100.00
MY CREDIT CARDS AND LOANS LISTED BELOW by CC, Minimum I pay and balance. Total balance is 17k
My wife's minimums are 420.00 Hers are fine and I would keep and pay off-its not her fault so I wont ruin her credit.
| Capital 1 |
30.00 |
|
|
847.00 |
| Builder Card |
45.00 |
|
|
398.00 |
| Discover |
65.00 |
|
|
1,083.00 |
| Citi 5146 |
40.00 |
|
|
927.00 |
| Cor Trust |
45.00 |
|
|
377.00 |
| Credit 1 #2 |
40.00 |
|
|
566.00 |
| Indigo |
35.00 |
|
|
235 |
| First Access |
40.00 |
|
|
0.00 |
| Buy Power Cap 1 |
28.00 |
|
|
0.00 |
| Credit 1 |
55.00 |
|
|
1,382.00 |
| Citi 7998 |
35.00 |
|
|
971.00 |
| Destiny Card |
40.00 |
|
|
657.00 |
| Surge |
40.00 |
|
|
622.00 |
| Today |
76.55 |
|
|
2,350.00 |
| 1st Premier 2 |
55.00 |
|
|
990.16 |
| Merrick |
45.00 |
|
|
1,082.00 |
| 1st Premier 1 0980 |
45.00 |
|
|
644.00 |
| Legacy |
45.00 |
|
|
602.00 |
| Regional |
100.00 |
|
|
1,300.00 |
| Mariner finace |
145.00 |
|
|
2,500.00 |
| |
|
|
|
17533.16 |
