Debt HELP!

Date: Thu, 01/01/2009 - 09:08

Submitted by anonymous
on Thu, 01/01/2009 - 09:08

Posts: 202330 Credits: [Donate]

Total Replies: 3

My husband and I our both 45, two college age children, have about 120,000 in unsecured debt (credit cards). This does not include mortgage, school loans, car loans. I feel sick about it. I have been making minimum monthly payments, I have no more savings. Our income barely covers it all. We both are ashamed of ourselves for letting our lives get so bad. But, as my husband continues to think positive, we have our health, and our children are doing well. Is there any really good plan on seriously not claiming bankruptcy and paying the debt off on our own even though we know it will take forever. We made the bills we want to pay for them. Is there any "REAL" information or plan out there for us?

Stuck in a place and finding it hard to crawl out.....HELP!

debt settlement can help you decrease your debt by 40-60%. It ca

debt settlement can help you decrease your debt by 40-60%. It can be a good option to avoid bankruptcy. But it will significantly affect your credit score.

lrhall41

Submitted by on Thu, 01/01/2009 - 23:14

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If you're still current on your payments then you may want to co

If you're still current on your payments then you may want to consider credit counseling. A good debt management Program can get you out of debt quicker than having to deal with things on your own. Be sure to look for an organization that's 1) Non-profit, 2) Member of the NFCC, 3) Has a local office for face-to-face interactions. Also be sure to check BBB for a CCCS's rating before applying to their programs, i've seen my fair share of nightmare (BBB F-rated) scamming companies.

lrhall41

Submitted by Iamkar33m on Fri, 01/02/2009 - 02:43

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Oh! I forgot to mention that although CCCS shows up on your cred

Oh! I forgot to mention that although CCCS shows up on your credit report, as soon as you finish the program it should come right off. There is NO negative impact with credit counseling.

lrhall41

Submitted by Iamkar33m on Fri, 01/02/2009 - 02:45

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