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What's the best plan if you can no longer make your card payment due to being unemplo


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Sometimes the CC companies are willing to reduce or even suspend the monthly payments. Have him call and ask what his options are. If his account is current, they may tell him he doesn't qualify. If that happens, stop paying them for 30 -60 days and call again. If the CC company won't help, the only other option is to not pay them and defend himself from the CA's. He has to worry about the basic necessities of life, keeping a roof over his head, food on the table etc.

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There is no best plan....not making money = no money to make payments, plain and simple. Over time, if payments continue to not be paid, things will play out and the debtor must decide on an end result strategy. Bankruptcy is an option if everything is taken into account such as the assets owned and which type of BK (a BK 7 or a BK 13, in which a 13 isnt possible w/o a job), along with the debtors willingness to file....learn about and weigh ALL options before thinking of filing a BK.

Research the statutes of limitations for the debtors state along with other applicable laws which may come in handy if a lawsuit is eventually filed.

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