“Had to” because we couldn’t keep up the payments any other way. We’re down to a single income, which doesn’t help. And my wife- who technically owns the house herself- has impeccable credit. Defaulting on the debt would destroy that. If we want any hope of moving, we have to be able to afford a mortgage. We can’t do that yet even though we want to, but if she defaulted on the debt, we’ll definitely be stuck here forever. Defaulting on medical debt may not affect her credit rating, but defaulting on credit card debt sure as hell would.
“Had to” because we couldn’t keep up the payments any other way. We’re down to a single income, which doesn’t help. And my wife- who technically owns the house herself- has impeccable credit. Defaulting on the debt would destroy that. If we want any hope of moving, we have to be able to afford a mortgage. We can’t do that yet even though we want to, but if she defaulted on the debt, we’ll definitely be stuck here forever. Defaulting on medical debt may not affect her credit rating, but defaulting on credit card debt sure as hell would.
Hmm, I can see how having a desire to move in the short term would change things.