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I have a question about saving and paying off debt. Right now, my husband and I have no bills except credit cards and loans, totaling about $5K. We don't pay rent, car payment, utilities, etc. The only thing is the CC and loans. But here is the catch, I don't work, I'm pregnant with our second child, and my husband doesn't make enough to cover the bills. How Can I Save Money? How can we manage paying our bills and trying to save money with such a low income? We haven't payed the CC or loans for about 3-4 months, because it just seems unaffordable with his salary. Please give us some advice
You can call the credit card company's and explain your situation to them. Most of them have a hardship program and can lower your payments until you can get straightened out. If you do nothing they can sue you and garnish your wages. So I would say if you are that far behind you need to call them soon and get this taken care of. Keep us posted.