Find the best financial services for you at: SMARTFINANCESOLUTIONS.NET - To file Bankruptcy or Not to? - I have a delima and this seems like the right place to ask this question. <br /> <br />I have a home in Las Vegas which I am trying to short sale, which I believe will ultimately end up as a Foreclosurer. I lost my job 10 months ago when my industry took a crash due to the economy and have been burning through my savings to support my family. <br /> <br />Now that I am working again my payments are the same but my pay check is 1/2 of what I use to make, so its a struggle. I have almost depleted my savings and come to a fork in the road. I have about 25K in credit debt and my credit card company just raise my interest rate so high I can't possibly afford the new monthly payment. I have tried to get them to help and they said thats the way it is and when I check the internet, this is happening to millions of people. <br /> <br />So here is my question. <br /> <br />Since I will have a foreclosurer on my record, is it worth trying to work to pay off the credit card company or just file for BK and start over. <br /> <br />I have always have perfect credit (790) and this is really bothersome to me. I buy cars every 2 years and always got the best rates, so I want to try and save my credit, but with a foreclosurer on there, will it really matter if I pay off the credit card or not? <br /> <br />My credit is already shot and need to get on the road to rebuild it and I can probably get $25,000 to pay off the card, but that will be my entire savings and would leave me in a more volerable state. <br /> <br />Sorry to ramble on and advice would be appreciated! -
