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Old 06-09-2009, 09:21 PM
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Exclamation Help for an idiot

I'm not sure if this is the right place to post this, but here goes - 2 years ago, in order to help my struggling business (and thinking that more cash flow was all that was needed to "get over the hump" into prosperity) I had my MOM open up credit cards in the business name - fully believing that in a few short months, things would turn around and I would have no problem paying them down - it didn't turn out that way...
I ended up having to take a job in another state and close my business. Now I am paying $900/mo on about 45k in credit card debt and it is devastating my family. My current job has not been able to provide for all our needs and we are in trouble. Is there any way out of this other than continuing to suffer until the credit card bills get paid down?

Last edited by Mike Wilson; 06-09-2009 at 09:22 PM. Reason: to add emphasis
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Old 06-11-2009, 01:51 PM
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Mike

I believe it was you who asked the question in my contact form. I have posted my answers in the blog. Check it out:

Struggling with business debt | Ask Mr Credit Card's Blog

Mr CC
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