A little history, my wife and I are on the verge. We owe $170,000 in unsecured debt. Credit Cards, Lines of Credit etc.... We sold our home a while back to pay some down, but then we racked them back up. She is gainfully employed and I am self employed and going through a rough time.
We are getting further and further behind. I also have a gambling problem (I did, it has been fixed, but I always will) and it has caused a huge amount of problems. 40,000 of the debt is in vehicles, so not all unsecured.
Is it time to pull the plug? I have a co-signor on one line of credit, so that will be a tough conversation.
Your thoughts?
We are getting further and further behind. I also have a gambling problem (I did, it has been fixed, but I always will) and it has caused a huge amount of problems. 40,000 of the debt is in vehicles, so not all unsecured.
Is it time to pull the plug? I have a co-signor on one line of credit, so that will be a tough conversation.
Your thoughts?
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