I wish Pb were still with us. I need counsel.
I'm at the point where credit card debt will soon cripple me. I've looked for other, better work since the recession, but I'm in my 50s, and . . .
I welcome suggestions. Can I/should I work with my credit card companies? Tell them I cannot pay, and ask for their help? Ask for a new payment arrangement? Or just stop paying, yank my savings, preserve my small funds as cash, and file for bankruptcy?
(Yes, I already have a debt-consolidation loan. I've made regular monthly payments. My credit union so far refuses to refinance it because of my debt-to-earnings ratio. I've also asked all my credit card companies to lower my interest rates -- a surprisingly easly task, which they are happy to help with. I sincerely recommend it to everyone.)
Perversely, I have an excellent credit rating because I owe so much and I pay regularly.
I continue to look for a better job. (Hopefully SCORE or the BEA will hire me?
)