I know a lot of people ask questions on this but their specifics aren’t usually mentioned except some things that don’t pertain to us. So, my family is around $ 15k in C.C. and medical debt. We both had surgeries last year and our insurance sucked so our out of pocket was around $ 3k total.
We relocated because our jobs were being terminated and we both, luckily, got jobs but we took about a $ 30k hit in combined salaries. We are making ends meet in the sense that minimum payments are being made but it leaves no money for us to even buy groceries. We are on the edge because we do have a 3yr old and eating ramen is not an option. Though, we make too much for assistance. We do not own a house anymore and we have a paid off 2002 car worth around $ 5k and a newer car with a lease unfortunately. In better times, we’d be fine but we don’t see any raises coming within the next few years so we need to change something so we can breath and sleep at night without defaulting on all of our bills.
Any suggestions other than Debt consolidation? We have a average combined credit score (which dropped by 60 points within the last year) of 618 if that matters. Our goal is to pay off things without affecting our credit score negatively. Short Term solutions? Long Term?
Thank you for any suggestions.