We have been married for 31 yeras and during that time we have maintained an excellent credit rating. We have owned 6 homes during our marriage and have many many personal loans and lines of credit over that time peiod. Four years ago I became disabled and unable to drive or to work. We sold our home 2 years ago to try to pay bills and down size. My husband is an electrician and is 52 years of age. Unfortunately he has been unable to find much for work except a few months here and there. I recieve a small pension from Canada pension for disability. Unfortunately we can not substain our lively hood any longer. we are paying bills with credit and seem to getting no where fast. We have approximately $60,000.00 in debt not including our home which we purchased 1 years ago. A mobile home so that I could maintain it. We have less that 25% equity in it. Do you have any good advice for us? The utility people are the only ones so far giving us a bad time as we have always tried to pay those debts that would affect our credit rating. However we are starting to pay debt with credit and thats absolutely unacceptable. Please, any adice would be welcome.

Thank you.

With limited income and minimal assets you may be facing a bankruptcy. Unfortunately, once you start paying ongoing living expenses with credit your options are limited. I'd suggest you make an appointment for a free consultation to discuss your options. We can be reached at 310-8888.

Ann Clarke
phone: (403) 296-2972
aclarke@alger.ca