Asked 12/8/2009
|
How and Where can find grants to help a senior pay off credit card debt. I have a 79 yr old mother on a fixed income. Social Security and Government Annuity (State Dept/Navy combined and it is less then $500). All total she gets less then $1,000 per month. It is all she has to live on. I am told there are government grants Federal, State, & others to help. She has 1 credit card which she can't pay now that her situation has changed to solely a fixed income. We need help! The credit card company when we called for help, while she had other income, to reduce her interest increased it instead. She was in good standing and had never been late or missed a payment. This resulted in the statement having higher NOT lower balance when a payment was made due to the amount of interest. Now that her situation has changed to a fixed income there is no way to live and pay this. How and Where can we get help! |
Answer 1/1 - Submitted 5/10/2011
The only two options are working with the credit card company or trying to go through bankruptcy court (chapter 7 or 11 depending on debts and assets). Bankruptcy is usually a lot more painful and expensive then people think, so if at all possible try to work with the credit card company. They may be more willing to work if you tell them you are going to look at Bankruptcy if they can't work out a plan, but that you want to pay off as much as you can.
Type your Answer in the box below and post your answer.
Related Questions (Ask a New Question)
I have a 79 yr old mother on a fixed income. social security and government annuity (state dept/navy combined and it is less then $500). all total she gets less then $1,000 per month. it is all she has to live on. i am told there are government grants federal, state, & others to help. she has...
I have a 79 yr old mother on a fixed income. social security and government annuity (state dept/navy combined and it is less then $500). all total she gets less then $1,000 per month. it is all she has to live on. i am told there are government grants federal, state, & others to help. she has...
I interviewed 5 bankruptcy attorneys and a clean chapter 7 is what looked perfect, with one caveat. i have a 42,000 ira rollover that trustees could take from me to pay creditors. this is the last money i have and will probably need follow up care. it is an annuity which is exempt in the state of texas,...
|
Help! how and where can we find grants to help a senior pay off a credit card debt. I have a 79 yr old mother on a fixed income. social security and government annuity (state... |
|
A senior with credit card debt and on a fixed income now. help! I have a 79 yr old mother on a fixed income. social security and government annuity (state... |
|
I fought cancer and now i have 80,000 in credit card and medical debt. I interviewed 5 bankruptcy attorneys and a clean chapter 7 is what looked perfect, with one... |
|
Finance true and false questions For the following, indicate whether the statement is true or false. show the question number,... |
|
Get document notarized without id Ok, here is my dillemma. i lost my drivers license which i need to now have replaced. i need... |
|
I called merrill lynch in 10/08 and sold my mutual funds. i deposited check in wachovia account... |
Ask A Question
Ask a new question about
Annuity: