1. Stop using the damn credit cards.
2. Stop paying your credit card bills.
3. Get a second job.
4. Cancel your cable service and buy a TV antenna.
5. Talk to a lawyer.
6. Try to raise the $2,500 lawyer fee.
7. Decide you would rather pay that money to the creditors.
8. Borrow money from your 401k.
9. Call the credit card companies and ask for help.
10. Offer to pay a fraction (1/4? 1/3?) of what you owe them.
11. Agree to a hardship plan that reduces the interest rate to 2%.
12. If all else fails, pay the damn lawyer and declare bankruptcy.
13. Remember, it's not the end of the world.
Friday, November 16, 2007
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