Will my husband and I beable to keep house and still make payments?

I dont know where else to go to,Im so scared we're going to lose everything we worked so hard for.I have three credit cards and my husband has three,we cant seem to make ends meet,he's a truck driver,cant afford to call one of these companies and make one lumb sum to pay cards off,this is what we need. we need to just get rid of these credit cards,has nothing to do with out house,we want to keep our house and make the payments but it's getting so very rough right now.help please!going crazy.|||You need professional advice, like a Suze Orman. Perhaps check with your bank loan officer for professionals in your area. I believe the credit card companies can be talked into accepting a lower pay off, but if you have a professional barginning for you then the CC companies will come off some of their demands easier.





You should know your monthly income and expenses....just keep a daily record of your expenses, it's easy to do, get a small notebook and write them down while they are fresh in your mind.


Total them up at the end of the month and compare with your income....should be investing 10 to 15 percent for retirement. Sounds like you two are trying to take your retirement on the front end. It doesn't work unless you have a rich Mommy or Daddy.|||you should start a working from home biz,


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good luck:) have fun!!!|||I think the answers below are all good. Especially the one that suggests that you each get a second job for some period of time. Burn the credit cards, if you absolutely need this keep one but set a limit on the amount of use that you both can live with. Use the income from the second job to pay off the credit card with the highest interest rate first .


Watch out for the debt releif agencies, there have been investigations into fraud by some of them. Check with your better business bureau or government consumer affairs office before signing anything with them. It may even pay to seek legal advice.|||Well, if the credit cards are not secured, meaning they cannot come and take your furniture or house, then choose to pay what is most important, your mortgage, cars, and utilites. Then work on paying off the credit cards with what's left. I dont know if you are concerned with your credit report, at the state you may be beyond worrying about bad credit and simply worrying about keeping your home and being able to work. If you're only worrying about a few credit cards then try to budget and work out a way to pay them off slowly. Consider having them canceled, account put into collection and pay what you can, that way it's not collecting more interest or getting more over-limit fees. If all else fails and you end up with a forclosure notice, contact a bankruptcy attorney. You'll need to pay them up-front and with cash, so you might consider saving that money before paying the credit cards. If you read nothing else, get this. Pay your secured loans first.|||Whatever you do, continue to make the mortgage payments on time. The credit card debt is unsecured debt and it is a separate entity from your home. The only way it can effect your home is if the creditor charges off your account as a loss and pursues you in court for a judgment. The judgment will not force you out of your home, but it will impede any sale or refinancing of your mortgage. It will also seriously damage your credit record.





You've gotten some good advice about debt relief and counseling from the previous answers. I'd seek help.





Good luck!|||If you gave more info, like your income, balances on credit cards, you would get specific info on what to do, instead of generalizations.|||you should of never got involved with credit cards i know its easy money and its helpful but thats how banks really stick it to you with intrest and everything. Sadly you are not the only ones going through this banks are really making a killing... just making illuminati powerful|||My first suggestion is to talk with a professional consumer credit organization about your finances. They can help you make arrangements with the creditors to pay less per month and less interest rate so you can pay off all of the credit cards in 3-5 years (depending on budget) and it won't affect your house or anything. It will temporarily "ding" your credit report but you won't need credit until your current debts are paid. Don't even THINK about bankruptcy or your hubby may end up with higher insurance and it'll be harder to find jobs with background checks. Go with the counseling idea first and let them suggest a plan B if they cannot help you. This is not a consolidation plan. It is not a settlement plan. It is a matter of paying what you owe and still allowing you to live. The organization below will help you find a local FREE organization near you. You and hubby will both need to attend the counseling session though. What do you have to lose??? On the link below, go to the "take the first step" link. Good luck.|||Most states have Homestead Exemptions, which means that you can't lose it unless you don't make the mortgage or tax payments.





You have several options.





One is to just tell the credit card companies to get bent. I don't recommend it, they'll hound you and put it on your credit report and it'll be there for years, and while they can't take your house, they can sue and garnish wages, and then you might not be able to make the house payment.





Another is the debt relief companies, which may or may not work, and may or may not cause credit report problems. Worth calling, but know what the end result is before you agree to anything.





The cleanest option is to find a mortgage broker and refinance the house. You basically borrow enough to pay off the existing mortgage plus the credit cards, or get a second mortgage behind the existing one. If you've been there a few years, this should be doable. Your mortgage payments will be higher than before, but less than the combined credit card payments plus mortgage. In addition to the interest being deductible, where the credit card interest is not, you're spreading the payments out over 30 years at a lower rate than the cards.





Good luck.