My boyfriend is at a crossroads and not sure whether to file for bankruptcy or contact a debt consolidation company.
Credit card (1)-14,900 @ 24.49% Credit card (2)-6925 @ 24.49% Credit card (3)14200 @ 21.49% Credit card (4)-2000 @ ??? Personal loan-7700 @ ???
Total debt : 35,725
Between our monthly bills/ cost of living, it’s proving increasingly difficult to make ends meet with our combined salaries. He makes much more than me, but credit card payments prove to take up a large portion of his income. Which prompted the question of bankruptcy to him.
He has a car on lease, but besides this nothing in his name (I.e house, car etc). We are in the state of CA