My Mother passed in 2006, and the estate went thru probate - I was the the Conservator and her Guardian, as well as the Executor of the estate. She did have a simple will leaving everything to my sister and I. Because of her illness there was no cash left in the estate, only personal items and her house. Because of the current housing market and repairs needed, the house can not be sold in its current condition. Currently I am living in the house, both my sister and my name is on the title - but I pay taxes, and up keep of the house and have legal right to tax credits.
My Mother did leave a credit card with 10,000.00 balance due - I have paid on it and it is down to around 8000.00. The credit car company is only charging 1 percent interest, but requested a payment of $200.00 a month. With my employment in jeopardy - I cannot afford this additional payment.
My question is this...should I be paying on this credit card, or should I let it go, since the estate is closed?