Needing guidance

You may go for debt settlement for the cc amount which may lower your cc debt amount to a certain percentage. In debt settlement program, you get the time to accumulate the requisite funds. During that time you're not going to pay debt to the creditors. For loan modification you can contact a loss mitigation expert who'll be able to negotiate on your behalf for getting the modification approved. Try to lease your timeshare to extract some money. You may have to forgo the car. In the mean time your husband should try for an immediate job.

Do you have 0 income at the moment? I would suggest settlement but it will not help you much with your home and car, unless freeing up the cc debt you will in return be able to catch up on your home and car. settlement would be my suggestion to the cards, but if you wont be able to catch up on the home and car you may have to let them go.

We had to let the car go and now we are having to let the house go as well as we couldn't get a loan mod or a refi.

I am sorry about having to let your house and car go...it does suck, but there is still help out there. It will take a lot of pinching and saving, but it can happen. I agree with the other poster about having your husband look for an immediate job. We have had some super tough times in the past (we lost our home and both vehicles) and thankfully my father in law had a house we lived in, and we borrowed a vehicle until we could buy one (an old d-50 dodge pickup that my husband traded a shot gun for)-the quickest cash was waiting tables. I was able to work when hubby was home with the kids so we weren't out paying for a sitter and we only had to report enough tips to make it min. wage so the rest was all cash. I live in a SMALL town (of less than 1500) and made about 75-100 a night.

Hope this helps some
Chrissy

Have you thought about banckruptcy? In bankruptcy you can keep your car and house if you can afford to make those payments. Your other debts may be discharged. It really depend on whether you will qualify for chapter 7 bankruptcy. I would consult with an attorney in your state that handles bankruptcy. Debt settlement is a better way to go if you can afford to pay your living expenses and a smaller amount towards your debt, but if you can't afford to do this then Iould consider bankruptcy.

We checked into Banckruptcy and we don't qualify and the cost to file was expensive with the price they wanted I could have settled some debts. we tried the debt settlement and they really weren't doing anything on our behalf. the only thing they did do was contact the lawyer that was suing us. but when the lawyer contacted DS back they never got a return call. we are moving into a less expensive place. and have contacted two creditors and offered to settle with them waiting on there response. also to update my husband has gotten a job at less pay then what he was making but less pay is better than no pay.

It sounds like you are on the road to repair. I am glad that your husband found a new job. Good luck and keep us posted.

Chrissy

I have sent out a offer to a creditor how long should I wait for a response? if I don't hear anything should I send the same offer again or change the offer?

I have sent out a offer to a creditor how long should I wait for a response? if I don't hear anything should I send the same offer again or change the offer?

Just Received notice from one creditor they excepted our offer of 30% they even extended it over 5 payments for us.
one down and a few more to go. but it's a start and we found we can do this ourselves and save money.

Finished paying off two creditors, yea!! two down and about 4 more to go. question should I pick one that has a low balance or one that has a higher intrest rate? I was thinking one with the higher intrest rate my husband wants to do a lower balance one so that it looks like we are make better progress.. any suggestions?
it feels and looks like a long road but when you make a final payment if feels good.

just my opinion i would go on a first come first serve basis. play them off of each other let them know you only have x dollars to work with today and you got one other creditor your dealing with so its a first come first serve basis.

great job! and stay on track! your almost done!