Hi, Cheryl! Our daily thread is the daily successes & frustrations, so be sure to post on there. It will help to keep you accountable. If you're trying to reduce debt, check out the credit card reduction thread. You can post just credit card debt or all debt. Most of us post once a month on that. This time of year, the activity on this team seems to slacken, but right after Christmas when people are beginning to realize their debt again, it gets more active.
I don't know your specific circumstances, but I'll give the best advice I can. I'm no expert, but I've managed to make a lot of progress on my own debt. It's a long process! I don't know how bad things are for you, but bankruptcy should be a last resort. It's on your record for a very long 10 years, plus the rules have changed, so you don't get out of as much as you used to. I don't even know the current rules, but I know it's gotten harder. There are agencies like Consumer Credit Counseling. They can help with your debt to lower your payments, but they put you on a strict budget where you send "x" amount to them, & they pay your bills. They do what they can to lower your payments, but not all creditors will agree to it, & this does hurt your credit!
The first thing I would suggest is to stop all unnecessary spending. This is a MUST! Make a list of all of your bills & your income & see if you can cover your bills with your current income (providing everything were current!). If so, then you basically need to just get current, & you might be able to do this by 1) selling something you own, 2) making some extra money, 3) asking for a deal with your creditors to get you back on your feet. If not, however, you're going to likely have to do a combination of the above, plus figure out how to cut expenses.
I'd like to recommend you visit your local library & pick up a copy of Dave Ramsey's "Total Money Makeover". Also, check out the different threads on this team for more information that might help your circumstances. This is about as generic of a response as I can provide. Hope it helps!
Donna (Upstate NY)
"Even monkeys fall out of trees."
"Suffering is the tuition one pays for a character degree."
"Accept your diagnosis, but never your prognosis." home.roadrunner.com/~andydonna
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