Capitol One called again last night

Capitol One called again last night and we were able to agree on a settlement but he refuses to put it in writing and mail it to me. He says once I pay the amount, the account will close and I’ll get a letter in 5-8 days saying the account has closed.

I don’t believe him.

DAve Ramsey says to get everything in writing before paying anything.

I found it while I was trying to find a group to help with decisions my hubby and I have to make in order to get out of the dark hole of debt we are in.

We found ourselves in a rut when my hubby broke his leg and ankle and was out of work for over a month after two surgeries to fix them. We were already on our way in the hole before the accident and it only made things worse. We were unable to make the minimum payments and the amounts sky rocketed. Then he was unable to go back to his previous line of employment and took about a 1/3 off of his income. So once we got behind we were not able to catch up on the income that he is on now. Going back to the previous line of work is not an option.

We are debating on bankruptcy (the one where we make payments) or trying to get a company to consolidate the credit card and medical bills into one payment. We are trying to find the pros and cons of the two. We now have bad credit and are unsure whether we can even get someone to consolidate. Our minimum payments on our credit cards are unrealistic because of charges that were added. Some of the credit cards were only $500 limits and are now over $1000 because of fees. They will not work with us to get them lowered, we have tried.

Can anyone give any suggestions or opinions on how we can get this figured out?

Right now I am trying to focus on our medical bills, about 18 different bills. We do not have insurance, because we cannot afford it and do not qualify for any assistance because we make $100 too much a month. We have had 4 broken bones in about a year and a half and are trying to get them all paid down. It is such a slow process.

This sounds like a sob story and I don’t mean for it to be. I am just trying to get it all figured out so we can get everyone paid. We really want to pay everyone, we just cannot seem to find a way past all of the built up fees.