Help! I’m Carrying 20K in Credit Card Debt

credit card debt

Help! Im carrying 20K in credit card debt, have no reserves, and got laid off this week. I have COPD(chronic pulmonary lung disease),Asthma,Allergies and Sleep Apnea! A good portion of the debt is for pharmacy and doctors appts to treat the symtoms monthly, and then the rest is other charges…What to do? Any suggestions?

That debt is extremely worrysome, but your health issues seem a lot more important. Is this lay- off temporary? Or can you start looking for another job immediately in your field or career. The health and the job may be your number one priority now. Are there some of your less seious symptoms of the health problems that can be treated holistically and more cost effectively than standard western medicine? It’s not always the best. I can only assume you did not have a health care plan, either that or it was the complete pits.

Do your health problems keep you from functioning at a normal level at work and your everyday life? If so maybe you could be eligible for some disability benefits through your state and get some help for your health care bills. It may be worth looking into. I don’t know if you’ve done that yet. I’m not a doctor, so I don’t know how all of your health issues are viewed as to whether they are debilitating enough for you not function normally.

Lest anyone think there is help for the disabled in this country besides Social Security Disability (you must have credits of insurance that are recent), Medicare, and SSI (Supplemental Security Income), which is welfare for the disabled, there is none. A few pharmaceutical companies offer help if you are extremely poor. No, welcome to the U.S.A. It must be a character fault if you are ill. Since it is your fault, I don’t care if you starve and have no retirement funds. I have SSA. I have private disability insurance. I am in bad shape! I would like to know how the European Union deals with this. I used to hear similar stories but I felt ‘hey, it probably won’t happen to me. I better worry about marrying!’

Ha-Ha! You may be right. You may be wrong. What do you suggest? What details would you need to know whether it is better to file for bankruptcy protection or negotiate which course to settle debt? I would need more facts. I think, though, that financial stuff is personal. Different people may rationally choose different outcomes depending on their personalities. I can do things do today I could not have considered when I was quite ill. Also, perhaps we should brief state our background. Defaulted, bankrupt, negotiated.  Just to put in my 2 cents (that’s all I have these days!) I’m divorcing my dead beat husband, get no child support, have a below cost of living income,  health issues and still don’t want to file bankruptcy – have you looked at all other options!?

Actually this is the first time i try to get help from internet regarding my debts and the reson is that im so desespered of get out of my debt and im risking to be in prison if i did not pay my credit cards debt.
Kindly can i get some advice how to pay my ccs. i have 3 cards and i spend all of them and imin debt of 27000$ without interest rate. I am unable to pay my credit cards min. monthly pmt. I will continue to pay my mortgage, but can’t keep up. Today I am 30day past on one credit card and falling quickly on the other.

Just got my chapter 7 release from the bankruptcy court. Of course every case is different, so I don’t advise it for everyone, but it’s the best thing I ever did. Best to check with an attorney for a free consultation. The banks and collections people will never advise you of what’s possible, they just want to make sure they squeeze everything they can out of you so you need your own advocate.

 

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