Sheila’s main concerns, in her own words:
I have major credit card debt due to a problem with gambling. I don’t want to file bankruptcy. I want someone to help me figure out what I can do to get out of this mess I created. I have a 401(k) plan worth over $46,000. and no other savings. I am still employed full time and have a part time job as well. My husband is on disability and receives Social Security Disability. I am 20 payments away from paying off my car loan and I have a mortgage and a personal loan from the bank. I am a mess financially! I am not behind on any payments but only paying minimum payments is just getting me further and further behind. Please help. I have stopped gambling at the casinos which is where I got myself into trouble. Thanks!
What we cover on the episode:
- When it’s the right time to declare bankruptcy
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Peter Dunn a.k.a. Pete the Planner® is an award-winning financial mind and a former comedian. He’s a USA TODAY columnist, author of ten books, and is the host of the popular radio show and podcast, The Pete the Planner Show. Pete is considered one of the foremost experts on financial wellness in the world, but he’s just as likely to talk your ear off about bass fishing.