Debt
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Posted by BW on November 13, 2000 at 22:04:37:
I posted on another board and wanted to see your reply but didnt see one. I need an opinion. I am in FL and relocated here over a yr ago...my wife no longer works due to this move to a small town and a higher cost of child care (we have 2 and one on the way). I have 100K in cc debt that I racked up over some years. The payments were not a prob on 2 incomes but is now a prob on one income. The stock market helped me last year but now I am a dead end and will start missing payments. Is it a good idea to write the creditors and inform them? Could I offer a possible cash sum settlement since I have about 30K from stocks? How soon till they could sue me (how far past due?) Is there garnishment in FL? What can I expect? I am only 1 payment past due at this time. My last resort is bankruptcy - and dont want it. I am accountable and want to fix this.
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