Hi all, I am married, a mother of 2 young one's and essentially a stay at home mom. But last year I started a business which is starting to be profitable and I am now contributing to monthly bills. Anyway, my husband and I have basically kept our debt seperate (which is fine with me) I am an owner on our home but not on the mortgage, (also fine, it was the right thing to do with one income and 2 sets of debt).
So I have accumulated $30,000 in CC debt over 5-6 years. I always pay at least the min payment and try to pay extra. I have no delinquencies on my Credit report but because I have high balances I have a score only in the mid 600's.
I want to get out of debt. I am concerned how the options will effect my credit. In college I messed up (late payments) my credit and I worked very hard to get rid of those negatives and improve my rating. With the credit crunch my limits have been lowered so my score is getting lower even though I pay on time.
I would like to get some info on what to do and who to trust. II will not go the bankrupcy route.
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