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About TiredPayer

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  1. Thank you everyone for your input and advice. I have some more learning to do before I decide anything. This month, I'll continue to make payments as I assess the options and alternatives. This is a great site with wonderful people. THANK YOU ALL!
  2. Q: If it's going to get bad three months after, how long will it last (the hard part) and when does it start getting better? If I have the house and car, and don't expect to need credit for five years, do I need to worry about the credit score? And...are they generally willing to settle for a lump sum when I pursue this path? If I give up, can I expect BofA, Discover, Citi, HSBC, and US Bank to accept a settlement in three to six months? (The cards range from $3,000 to $8,000.) More Background: I can't do bankruptcy because it will invalidate some of the contracts I rely on to run my business.
  3. For at least six years, we have been struggling to make a small dent in about now $25k in credit card debt (from $32k). All cards are at 15%, and we are usually on time, minimum payments with between $0 and $40 extra each time. Whenever we get slightly ahead, a car breaks, a medical bill comes, whatever...and we are exhausted, set back months of timely payments. Our spirits are broken and we don't see any light at the end of the tunnel. We are ready to stop payment on all cards as none want to negotiate lower rates or lower monthly payments. We have a house, car...do we say, "Take our 720 cr