Because of health issues, we have recently become involved in my in-laws finances in California and have found out that they have incurred over $30,000 in credit card debt. They have NO assets and just receive their monthly social security as income. They are currently filing for Medi-Cal. They have been making payments of approx $900/month on interest charges alone. They need this money to help pay for in-home care following a hospitalization and in the future will need to go to a board and care facility.
We are considering having them cease payments on their debt; however, we are concerned about collection calls that will follow. There are seven credit cards. Should we contact the companies and tell them they are unable to pay?
Comments for Filing on seniors
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