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Let me start off by giving you a couple of tips: IF IT'S NOT YOUR DEBT YOU DON'T HAVE TO PAY FOR IT. No this doesn't mean that if you are a co-signer your are not responsible as a matter of fact you are just as responsible for the debt as the [ Primary Signer ].
Example Situation: One of my clients called me crying telling me that her life time love that she had lived with for 23 years had just passed away the week before and unfortunately it gets worse. She continued to tell me that his income was the majority of the household income and she had inherited $32,000 in credit card debt. On her income there was no way to pay this off so her only option was bankruptcy right, WRONG! What she did not know was wither or not she was a co-signer or an authorized user on the accounts.
I did my due diligence and found out that on the majority of the $28,000 debt was not hers, she was only an authorized user and she never signed anything that stated that she would take responsibility for the debt in the case that he could not. In this case it was pretty simple to get rid of this debt, all we had to do was call all of the banks that the credit cards were issued through and asked them to remove her name from the accounts as an authorized user. Once they removed her name from the accounts the $28,000 dept disappeared. She now was left with about $4,000 in debt and payments that she could manage. She was an extremely happy client and continues to call me to express her continued gratitude.
Step 1. Constant Payment Method
Step 2. Debt Stacking
Step 3. Finish Paying Debts
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