Submitted by opmeTK t3_11cu36g in personalfinance
lakehop t1_ja5xmtg wrote
Reply to comment by opmeTK in Drowning in debt and just lost my job. Need stern advice. by opmeTK
Call all the insurance companies. Tell them you cannot pay and you want to negotiate down the total amount you owe. Read some articles about how to do that successfully. Then, sell your car and buy a much cheaper car (any chance you can do without a car). Put your previous car payment towards CC3, once it is paid off towards CC1, then CC2. Start working, but in parallel look for a higher paying job.
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