credit problems

I used my credit card to update this house when elderly family members moved in. they were making the payment so no problem, but they both recently passed away and I am having difficulty making the payments. any ideas?

4 Answers

What? Are you crazy? You used your credit cards to update your home?

How much do you owe? You have 2 options. Either you can settle it or you can file bankruptcy. But I would suggest you to file bankruptcy only if your credit card debt amount is too high.

Your credit score will play a big role to qualify for options like balance transfers or personal loan offers.
If you have a credit score above 600, you can easily qualify for a personal loan at a lower interest rate than your credit card debt. If you have a score above 700, you could also qualify for 0% balance transfer offers.

It's Tiara

If you are earning well, then take out a personal loan to pay off the entire debt.

You can opt for professional help or make a plan to repay the credit card debt on your own. Plan a budget, save a decent amount and repay the debt. You can also negotiate a payment plan with the creditor.

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