Re: Advice on Credit Card debt
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Posted by observer
(152.163.195.208) on August 19, 2002 at 15:10:49:
In Reply to: Advice on Credit Card debt posted by Laura on August 19, 2002 at 14:50:41:
Don't even think about defaulting on only $3000 worth of debt. If you can come up with the money for the principle amount then do it. Can you get a family loan to pay these cards off or at least get them caught up so you can make a minimum payment to stay current. Do not let a card chargeoff that averages $750 balance. THe risk reward for your credit just isn't worth it.
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