Rebuilding with balance transfers?

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Hey all. I'm in a bit of a predicament. Let me start from the beginning:

My daughter was born last February with an extremely rare skin condition. My mother agreed to help out by taking over my card payments. She didn't and waited until they threatened legal action to tell me. I called them and got the legal action dropped. Lesson learned, but now what? My credit rating is in shambles and I'm going to have to pay a ridiculous monthly payment to get back on track. My balance is almost $3,000 at this point and with a little one with a rare medical condition, I can't afford those kind of payments.

So my question is: what's my best course of action that won't cost me an arm and a leg? Personal loan? Balance transfer to another card? I'm sure it'd be difficult to get either at this point, let alone anything that's not going to kill me with interest and fees. I can afford the typical monthly payments, but what they want me to pay now is going to be very, very difficult.

I'd love to just nix the card I'm on at this point and start over, honestly.

Thanks for your help.

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Sorry about your daughter.  Been there...


Most CCs have a "hardship" department where they'll arrange to drop your interest rate and lower your payment.  Usually, it only runs for a year or so, but it might get you back on track.  Call and ask...

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That's a great idea! Thank you! I'm worried about what will happen after that period of time, though. I was really hoping to just transfer it all somehow and just take care of it like I used to. Either way, that would help tremendously until I can figure it out. :)

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