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Myself and my new Boyfriend both just recently wen

Date: Sat, 03/12/2011 - 13:00

Submitted by TiffanyDethlefsen
on Sat, 03/12/2011 - 13:00

Posts: Credits: [Donate]

Total Replies: 3


Myself and my new Boyfriend both just recently went through divorces. I am trying to help him consolidate his debt while working on mine. He is FAR more in debt than I. We have cut up all credit cards and are paying minimums right now trying to get caught up. They are below the credit limit now, so it makes it a little easier to control. He has a letter from the IRS trying to collect an $865 debt that is in his and his ex wife's name, but they are coming after him. She didn't work in the marriage. He also is being sued for a home improvement loan she took out in his name without him knowing. That is for $2600 plus attorney fees and court costs for him. He resorted to paycheck advances to pay bills before I came into the picture and they are now eating him alive month to month. Neither one of us qualify for a loan that I have found to consolidate all of it into one monthly payment. I am fairly good with money and have most of mine paid down, at least to a manageable level, but his are out of control and I don't want to see him go down. We both make decent money and I have been helping him along with bills and such monthly, but it would be so much easier if we could just combine it all, say this is what we have combined, and attack it that way. Neither one of us have any open revolving accounts. They've all been closed or shut down. Any suggestions on what we can do to take about 10-15000.00 worth of debt and combine it to start paying it down? Right now the only loans I have out are my car loan with $13000.00 on it and a $900.00 and a $500.00 credit card left. I may have a few odd medical bills in there, but those are all $15-$300 at most. All of the loans and CC's are current. The medical is my only setback as of now... Any suggestions?


You can go for debt consolidation or debt settlement in order to get rid of the debts that you and your partner have. You can contact the local debt relief companies and they can help you in this regard. You can even check out the ranking chart available in this website in order to find a list of companies who can help you in this matter.


lrhall41

Submitted by Anna Sweeting on Sun, 03/13/2011 - 22:40

( Posts: 1827 | Credits: )


Why do the two of you always immediately suggest a DMP for anyone with a debt problem?

Tiffany, can you give us more specifics about your and your boyfriend's debts? Is he still paying on payday loans? If so, are they legal? What state are you in? Who are the lenders and how much was borrowed? How much has been paid? Were these loans via the internet or a storefront location?

Please also give us more specifics on your other debts. What kind are they? Balances? Minimum payments, etc.

How is your credit right now? Would you qualify for a consolidation loan?

If not, I think settling these debts yourself would likely be your best bet.

Again, please give us more specifics and we can better advise you.

Thanks!


lrhall41

Submitted by OhioGal1 on Mon, 03/14/2011 - 07:03

( Posts: 5253 | Credits: )