Skip to main content
No. of Recommendations: 1
<<<CC payments (750)>>>>


Earlier you gave your cc debt as $80k. I am not sure you actually know how much you owe. Rounding off to the nearest $5 is one thing but you seem to have a lot of really round numbers here.

I would think your minimum payments would be > $1600 a month unless you have cards like we did with a zero minimum balance.

I think it would really help if you were to list all your credit cards and show the amount owed, limit, minimum payment and interest rate.

You need to bring in more money. Can your wife work? I know you have little kids but the older child could babysit for the little ones. That might help the older one pay for some of his college expenses. I also think he should consider ROTC as a way to pay for school.


Print the post  


UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.