lynn1730
Jul 15, 2008, 11:48 AM
I need help with my credit dept. I opened a business 1 1/2 years ago with my personal credit cards totaling $39000.00. I have a mortgage and other credit cards relating to my personal life also to the limit. The business is floundering and I cannot make it. No one wants to buy it from me and I cannot keep paying rent on this place and all the other bills that go along with it. What do I do. I cannot afford to pay the cards from the business but with my husbands income we are making it with the house bills. Can I not pay some of the credit cards and hope later they want to settle? Will they want my house (we owe $38000 and worth $140000.) Is there a place (NY) that will help me get them to take lower balances as payoffs. I am not incorporated so is that a problem? Please give me some advice.
Lynn
Lynn