We have spent a lot of time discussing whether you should file for bankruptcy. You and your spouse have gone home and talked about it at length and have come to the same conclusion that I did: there is no way you can put food on the table for your family, pay the mortgage, the car payment, utilities, insurances, and the other things you need to do to survive and still pay the credit cards.
01.26.2015 | by Chris Frye
Many individual borrowers have the misconception that a credit card company can’t really do anything to hurt you if you are unable to pay. This is not true. Aside from the obvious thrashing of your credit, the next few paragraphs will explain what is very likely happen if you fall behind and are unable to pay a credit card debt.