Legal Question in Credit and Debt Law in Florida

Re: credit card default

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First thing you need to do is to learn how to budget your monies to live within your means. If you ran up a $14,000.00 debt in the past 6 months, it obviously includes much more than the car payment.

Second, you may wish to consider filing personal bankruptcy if you qualify under the new requirements. This would wipe out your debt and allow you to turn the car back in. Your credit has already been ruined thus the bankruptcy will not affect you. Alternatively, you should seek debt counseling to discuss your options but do not get involved with one of the scam companies who promise to lower your credit card debt and then demand a substantial payment upfront to them.

Scott R. Jay, Esq.

Re: credit card default

Hello,

I'm sorry to hear about your situation. Bankruptcy may be a good option for you and your husband. There are some other options too. I'd be happy to discuss the situation with you. We handle a lot of bankruptcy cases. We offer a free initial consultation.