 Credit out of control. Credit counseling or do it...
...yourself or??? I am recently divorced and because of said divorce have had to set up "home" from scratch. Im 39 years old. I am renting an apartment so I have no equity in a house and I have no real assets. My credit cards are max'ed out and I am beginning to struggle to meet payment. One account has interest raised to 32% and has a balance os around 7500. My total dept is out of control and just to live and pay the bills, i've had to charge my gas and food on occasions. Well now I am running out of credit. I see my options and being bankruptcy, credit counseling or tryin to negotiate my accounts to lower rates and terms. I doubt I can negoiate balances. 2 years ago I had a credit score of 680 to 720. now i doubt im over 600. I'd like to be able to purchase a house but need to get out of revolving dept. WHat hope to i have and anyone dealt in similar circumstances?Main reason I want to pursue getting into a modest house is that my rent payment is equal to a house payment. which would be a positive investment while maintaining the same cash output. And I am considering property tax as well.And I am in North central ohio.I could not find the law regarding max. interest rates
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