I have hit rock bottom

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Wanted to say 'hello', ROB8. Yep...PDL's are difficult to deal with. Seems like when you 'accumulate' them, it's hard to keep track and pay them off. I agree with you, I think the PDL's should be at the 'bottom of your list' if your trying to catch up on everything else.

Hey- Hang in there buddy.

I'm sorry to hear about your wife's gambling problem. I work in a ca*si*no as a Table Games dealer, so I know what an addiction it truly is and have watched people gamble away their rent/mortgage, car payments, and the very food out of their children's mouths.

You said your wife no longer had a problem with gambling. Well, if she has quit cold turkey and is sticking with it, then good for her. However, most people don't know this but gamblers who have an addiction can go into the ca*si*no and speak with the marketing/Hosts department, and can sign paperwork to effectively, deny them access to the property. If your wife went in and did something like that, that means she is no longer allowed on the premises, and security is obligated to deny her access onto the property fpr her own good.

* had to write it as ca*si*no coz the post filter keeps catching it as a "spam word"

Rob, if your store fronts are members of the cfsa you can make arrangements to get the EPP extended payment plan. You must go in and request this prior to defaulting. This enables you to pay off your loans in 4 installments with no added interest. This may be an option for you.

Hi Rob....
Regarding the issue with your mortgage,have you tried contacting the note holder regarding your ARM?

There is another resource for you to try.... 888-995-HOPE. They help homeowners that have an ARM,or behind on mortgage payments.

I hope this helps!

Thanks everyone.

Roadwarrior: I called my mortgage company but they seemed unable to even get me to the right person to speak with. My mortgage payment goes to "Select Portfolio Servicing" The website is spservicing.com The lady told me I had to be behind on my mortgage for them to help me...and since I'm only 17 days late, it's not considered late yet. I was like, "what happened to prevention?" I am being pro-active and they tell me not to call until I'm in default? I'm not gonna wait, I need help now!

How to I get in touch with the right person?

Rob....

You can also contact their loss Mitigation department. The fact that your mortgage is going to reset should get you the help you need.

Also try that HOPE number I gave you.

I called the HOPE number and basically told me to call my mortgage company or borrow from family. I do have a 401K that has $12,000.00 in it, but I called them to request funds from it and they told me I either have to quit my current job or reach the age 55 before I can pull from it. It's a very wierd 401k to not ever be able to access it (even with a tax penalty).

I thought you CAN get some money from your 401K. That sounds MORE like an IRA to me. Mmmm......how strange.

Rob.........

I apologize.I have read mixed reviews on the HOPE line.

You should be able to borrow from your 401k. All you would need is proof of hardship in order to access your funds. If its an IRA such as sdchargers suggests,it may be difficult.

Amaranth - I must have been one of those people..I lost my house due to gambling and sad to say that didn't stop me from gambling. It is a sick addiction. It has got to be sad for you to watch people like me walk into the place and lose their whole paycheck in one night and not be able to say anything. That is how i got into my mess with the PDLs. didn't have money to pay bills because i gambled it all away and the PDLs where there to bail me out. then pay day hit and boy was that a shock.

Sorry to be OT for a moment, everyone:

Quote:

white, my friend, my heart is breaking for you. I know a few people who have a "gambling problem". Yes, it is an illness. My heart goes out to every one of them. And, I am praying for you. Addictions are hard to overcome.

And, amaranth, thank you for being so kind.

:rose:

Rob,

My husband ran into the problem you describe with the 401(k). He went around and around with them to get a payout. We are going through bankrupcy and seriously broke. We needed the $$ to pay our home's property tax, as we were behind on that and running out of time. They would not budge-said they changed the agreement (which originally allowed for payout to pay for something like this). The new agreement did not allow hardship payment. Took it to our bankruptcy lawyer who said they could do it, and really didn't have to notify us of the change.

Stinks....

All these stories literally break my heart and I am so sorry that each and every one is going through this. I have never been one to "gamble" on much of anything but I have a friend who likes to "throw good money after bad" but it is on "video crack" and scratch tickets. I wouldn't really consider it a serious issue but he too will admit that being around it is just an open invitation to partake. Know that my thoughts are with all of you.