Here is my story. I am not sure what to do with my credit cards and
auto loan while I am also waiting on a home loan modification with First Franklin.
I have now seen my major credit cards "revoked, closed,etc" not all but
most of them Chase and my Visa from my credit union. Apparently my auto loan with my credit union is somehow collateralized with my visa credit card from my crdit union, so I have to stay current on that, but I can't pay all my minimums on all my cc's and loans which total about $1300 a month or more.
I basically owe $40,000 in debt including my auto loan.
I am waiting for yet another loan modification request from First Franklin since they initially denied me for HAMP and it was due to lost paperwork on their end. This was after I made four trial payments to FF.
WHAT should I do with my loans, cc's? They are all running into 90 days past due and closing. My FICO is low low low. I have steady income now after
about 6 months of reduced income.
I want to do the right thing, need to keep my home and car, but the cc's are
just too high.