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I really need some advice and don't know what else to do.
My situation:
44 yeard old male
Live in Illinois
Unemployed from 11/2001 thru 4/2004
Used CC to live on
35k in CC debt
3 CC in total
Have stopped using all CC's
10k - 14.9%
12k - 19.9%
14k - 4.9% (special rate)
Rent 800/mo
Own car outright (worth around 6500.00)
Now making 50k but at least 25% going to CC bills
Current on all day-to-day bills including rent
Making payments in CC but balance not going down much
Had perfect credit all my life
Credit rating in 2000 was 900 now 650 due to CC balances
Parents are retired living in Europe
Have bank account w/parents $8500.00
Pension and retirement checks get deposited in it
This is the only reason I don't file Chapter 7
Concerned this money which belongs to my parents would be lost
I don't ever see myself paying this off in my lifetime
I would like to buy a condo or new car someday again
Any suggestions or advice?
Please respond to the newsgroup.
Thanks..........
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