Dealing with credit debt and no job

Today I write to the heart of my life. I started this website in 1998 after trials and tribulations of fixing my bad credit. Well now I am dealing with the problems again. The only difference is now I know that letting the credit go bad is not the way to deal with credit.

I have to call and start working on keeping my good credit before it goes bad.

So I got my wife to call. She is much more diplomatic than I and she is better looking.

I have about 7 credit cards that all are current and in good standing. The sum of the monthly obligation is in excess of 1500 dollars per month. If I let these cards get late, my interest will jump to 29 % instantly and my obligation will also jump to past 2000.

Due to the fact that my internet business has gone a little south, my son is in college, I do not have a regular job and my wife is working part time, something has to be done NOW.

So we called. My wife called one credit card and we made a deal. We asked for some help with the monthly payments and interest rate. We explained what our debt to income ratio was. We have a 960 house payment, 450 in car payments, 1000 in college payments, 800 in utility payments and 1500 in card payments. Our income is about 5000 per month after taxes.

read the next installment.