Managed to spend like an idiot over the last ten years and finally got to the point where with five credit cards and a personal loan my disposable income barely covers the minimum payments.
All up im probably paying about 1500 bucks a month just in interest and owe about 80k all up.
Figured i would eventually pay it off properly but just cant seem to make a dent in it, i looked at those debt consolidation things but you end up with almost the same shitty credit rating for 7 yrs you would get if you just went all the way and declared bankruptcy.
I dont really own much other than an old Skyline worth about 6k, from some googling i would get to keep my furniture etc but not sure about the car.
Should i go through one of these bankruptcy lawyers or is it possible to do it on your own?
I gather i will be paying back what i owe but without the interest?
ok flame on.