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Q: Our credit cards are so maxed out, we may file for bankruptcy. Any other options?

Diana says...
First, don’t beat yourself up. You are not alone when it comes to maxing out on credit. A good step is to contact your local credit counselling agency. Be candid about your financial situation because there are options besides filing for bankruptcy. For example, one alternative that debt counsellors may offer is to negotiate with creditors new payment schedules that you are able to manage over time.

Diana Cawfield is an award-winning financial writer with more than 10 years experience. Send her your questions here.