Financial Advice Please!?Ok, I have 4 credit cards that I have been using and I am in a deep hole. My wife got pregnant and after having the baby, she got laid off from her job, so had to use the credit cards a lot.
Now, One of my credit cards got sent to collections since is Past due over 180 days and I owe 16k on that one.
I have 3 other credit cards that I owe, 4k, 2k, and 800, which I am struggling to make the minimum due. My credit report is messed up so I really don't care much about it anymore. Can anyone give me any advice as to what I should do, to ask the lenders to reduce my debt or set up a payment plan to pay off these active accounts? Should I consolidate my debt into one? Any advice will be helpful.
Thank you very much in advance.:D