This debt is for a credit card that I have had for 22 years. Prior to now I have always paid off my balance each month in full.

Last September I was in a terrible car accident, I was in the hospital for over one month, and have since had 4 reconstruction surgeries on my legs. I lost my job, and my husband barely makes enough to pay our mortgage and keep the utilities paid each month. We had to use the card to pay for some of my doctor visits, medicine, groceries, etc now the card had about 00.00 on it. My doctor says that I will probably never be able to work again due to the extent of my injuries, and I should file for SSR. We have been unable to make any payments on this card.

Yesterday I received a notice from the CC company wanting to settle the debt. Has anyone ever settled a debt? How should I proceed? Will the CC company want a lump sum, or will they take a minimum payment each month. Honestly I do not want our credit ruined, as we had perfect credit, but I would only be able to make a very small monthly payment, does anyone know if they will accept the payment?

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Why is it soo wrong to file bankruptcy. I just asked a question because my dad might have to and someone called him a piece of ****, WHy? My father has worked hard his whole life to take care of me and my 5 brothers and sisters and with trying to give us everything we needed to give us a good life…just like school clothes and little things. We did not get whatever we wanted…in know way like none of us had a car until we were over 18, and we all bought it ourselves, we didn’t get things like laptops, cameras, ipods, things like that at all..but it still costed alot to feed and clothes us and keep a roof over our head. He is searching for any other possibility right now, because he needs to retire he needs to get off his feet. He has little circulation in his legs and it is very hard on him… and he can’t with all of the devt he built up over the years.he doesn’t want to at all but with not other alternatives…why is it soooo horribly bad. and please don’t be MEAN I just want to know

Technorati Tags: bankruptcy, brothers and sisters, cameras, circulation, dad, devt, laptops, legs, school clothes, whole life