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Posted: Sat Jun 16, 2007 2:07 pm Subject: debt destroying marriage

I'm not horibly in debt, only have about 3000 dollars, but the payments are so big from overdue accounts that i cannot pay these payments along with household bills, groceries, gas, and kids schooling. I have bad credit and have not been able to get a loan through any banks. I've tried using co-signers but havent succeded there either. My wife and I are having hard times and moey is one big factor in a relationship because of all the stress it has caused us. I'm desperately looking for help but don't know wny other options?

help please....

Posted: Sun Jun 17, 2007 1:59 am Subject:

Wait for the counselor to call you. He will work out a payment plan that suits to your present financial situation. Nothing to worry. You have to come to the right place for help.

Posted: Sun Jun 17, 2007 7:01 am Subject:

James,

Welcome to the forums Smile

BKP is right, a counselor will be contacting you soon to discuss your financial options. I just wanted to add that taking out a loan really isn't the answer to debt problems. It will only cause more debt for you in the long run. You have a small amount of debt so I'm sure something positive will happen for you. Are you able to take on a 2nd part-time job to help with finances?

James Thompson · Posted: Sun Jun 17, 2007 7:23 am Subject:

Well, my wife worked part time but made very little money because she was working against my schedule which is 24 on/24 off. She quit that job so she could prepare for my going on deployment in september. She plans to get another job when i get back, but still it should be a very little addition to the income unless she gets paid 8-9 dollars and hour.

Posted: Sun Jun 17, 2007 8:02 am Subject:

Well, if you get into a debt consolidation program, it might be the best bet for you. I know things seem bleak now but they will get better. Trust me on this! When I first came here, I was bogged down with credit card debt and payday loan debt. I have been pdl free for over a year and I just paid off two credit cards over the last week. You and your wife will get there. Feel free to ask any questions!

Posted: Sun Jun 17, 2007 9:37 am Subject:

Janmes...I don't know how much you currently make...but I owe over 6000. in debt including some payday loans...I have only been reading here for about 2 weeks but it has changed my life! I am now in a debt management program and will so be free from all the harrassment and hassell...and the payments are taylored to your income so it's easy to manage. You will be surprised how good you will feel after just a couple of days...keep reading and take notes!!!

James Thompson · Posted: Sun Jun 17, 2007 9:42 am Subject:

Well, I'm anxious to get startes and thankful to have found a great forum and website like this.

I'm only bringing in about 682 every other week. Thats after car payment, donations, and furniture payment are taken out.