> Her monthly income consists of $1,200 in Social Security and a $190 pension, plus pay from her seasonal jobs. She owes $50,000 on her credit cards. There’s al

> Her monthly income consists of $1,200 in Social Security and a $190 pension, plus pay from her seasonal jobs. She owes $50,000 on her credit cards. There’s also a $268 monthly loan payment for her aging rig. The situation for her does suck, but seeing profiles like this makes me want to tear my hair out. If you're trying to service $50,000 in unsecured debt (likely at a 24.99999% interest rate) with less than $2000 in gross income, just declare bankruptcy. You've lost the game of financial planning; continuing to play it just makes sure you remain a loser for the final few years you spend on this mortal coil. Clear the slate and start over while you still have time. She has nothing to lose (she won't be able to finance a new car, RV or house in her current circumstances either) and a few hundred dollars a month in disposable income to gain. That's around a 25% increase overnight, just by waking up and doing what every corporate citizen in this country does when its own debts get too onerous.