2 grand? You got it?

[MaTH716]

Originally Posted by randallscott35

Absolutely on the credit card. Like 10 grand there and they stopped the interest for a year for her but now they want to run it again. So I'm going to tell her to tell them to either make a deal or she goes bankrupt and they get nothing. As for the house, I say she should walk anyway. They can rent, they have no retirement savings and odds are housing hasn't bottomed.

Really when you think of it, 10k in credit cards really isn't that bad. I'm sure that most of the charges are just day to day necessities. Food, Gas and Clothing for the kids, it just adds up. God forbid, someone gets hurt, needs dental and doesn't have adequate insurance or even have some sort of car trouble. People are just sinking.
My wife and I discuss it all the time (plus she talks to all her friends), it seems like many people are in the same boat and are heading down these same type of waters that your friend is in right now. It really is scary times.