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What happens if your mom is 81 and owes 24000 in credit card debt and can't pay anymore?
Wiki User
∙ 17y ago
Get in touch with a Credit Counseling service. We have been using Cambridge Credit Counseling Corp. based in MA for the past few years. They will negotiate with her creditors to lower interest charges so any money goes to actually paying off the debt instead of just the interest. They do charge a fee but with all of the money saved in interest charges it is worth it. There are some that will work with you that don't charge a fee and it is against the law for them to do so. Check at www.troubleshooter.com; this is Tom Martino's website and there are references to places than can help there. If it's a case of not having the money to pay them, there are places that can help you negotiate by agreement to a certain amount of the credit due and then they write the rest off. I'd try the credit counseling services first, though, if I were you (or your mom.) There's always a solution, so don't give up!
Wiki User
∙ 17y ago
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