Does this sound like you?
Mary Hart and her husband have both always worked, but her husband was recently laid off from work. Mary and her husband have managed to run up a large amount of credit card debt, are beginning to run short of cash, and are turning to the cards. What should she and her husband do?
What can you do?
In many cases this kind of situation is caused by monthly budget issues. It is a good idea to make a list of your monthly income and expenses so you can identify where the problem areas are. If possible, try cutting some expenses from your list, or saving some extra money. If both of these things seem impossible, you may need to consider a debt management plan or possibly even bankruptcy. Both of these options will give you a financial fresh start, but will take some time to accomplish. For more information, click here.
