I've stopped paying my mortgage so my credit score is down to about 600.
I owe about $25,000 on credit cards which I would like to pay down with the money I'm saving by having no mortgage. Seems like the right thing to do but is it smart?
My lawyer said I should just claim bankruptcy and get it over with.
However I might end up working something out with the bank, although that is less likely since we are so far underwater on two homes.
I hate to ruin my credit more than I have to and I like having credit cards.