Layoff and bills..

[ravenswrld]

I just found out I will be getting a layoff notice from my company. Like many families in America, my husband and I rely on both our incomes to pay our bills, credit cards, car payments and mortgage on our house, which we bought a year and a half ago. With out my current level of pay we can can not pay all our bills, especially if I am not able to find a new job. We need to know which is better, keeping up on our car payments, credit card bills and other bills and trying to sell the house or just let it go? Or is it better to let everything else go, try to keep up on the mortgage payments, but potentially facing loosing the house in the end anyway?

[dave2222]

dont pay a penny more apart from on your mortgage and utility bills it may not be worth the creditors forcing the sale of your home. Its also sometimes a good idea to shrug them off for a year,it sounds daft but the more you owe the less chance you have of losing your house.