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nazz · 03-13-2004, 09:47 AM

This is a great thread and very generous of NoSoup to spend so much time giving excellent advice.

Here's my delimna.

I own a $136,000 home with $106,000 debt in my mortgage.

I have foolishy maxed out two credit cards with about $10K on each. In my defense, a large portion of that was medical expenses that I wanted to avoid collection on.

The interest rates on the two cards are not terrible at 12.9% and 9.9%.

The problem is that with all of our bills I'm barely able to make the various payments every month and the two credit card payments are just killing me. It's over $400/month just to make minimum payments.

I already refinaced my home about a year ago and I know it would not be well received at that bank if I returned so soon.

I feel like I'm drowning in debt and broke all of the time even though I make 50K/year.

What should I do?

03-13-2004, 09:47 AM	#137 (permalink)
nazz Tilted Location: Land Of The Free	This is a great thread and very generous of NoSoup to spend so much time giving excellent advice. Here's my delimna. I own a $136,000 home with $106,000 debt in my mortgage. I have foolishy maxed out two credit cards with about $10K on each. In my defense, a large portion of that was medical expenses that I wanted to avoid collection on. The interest rates on the two cards are not terrible at 12.9% and 9.9%. The problem is that with all of our bills I'm barely able to make the various payments every month and the two credit card payments are just killing me. It's over $400/month just to make minimum payments. I already refinaced my home about a year ago and I know it would not be well received at that bank if I returned so soon. I feel like I'm drowning in debt and broke all of the time even though I make 50K/year. What should I do? __________________ "Take my advice ... don't listen to me."