Is it better to file for bankruptcy or try to make arrangements to pay off existing debt, if it's really out of control?
I owe about $15,000 in credit card debt, mostly interest now, from about 6 years ago. Should I make arrangements to pay this off, or would I be better off filing for bankruptcy?
Answers | 1
And tell those around you (family and friends) what you're working towards so they can help you. Rather than buying gifts for holidays, they'll understand you're putting those monies to better use paying off that debt. You'll be SO thankful when it's all done!