credit card debt
Date: Sat, 06/04/2011 - 08:55
barely able to pay the minnium amount each month
I need help too elimenate the debt at no additional cost
is there a government source to end the debt.
No there is no government source to pay off your debt. You must
No there is no government source to pay off your debt. You must do it yourself with hard work.
Are your kids adults? You mention grandchildren....dont they have parents or are you legal guardian.
The government source to eliminated debt is Chapter 7 of the Ban
The government source to eliminated debt is Chapter 7 of the Bankruptcy Code. You can file a petition for bankruptcy with your local bankruptcy court. If you don't have the time/knowledge to DIY, get a lawyer.
Before you file chapter 7 please realize it will stay on your cr
Before you file chapter 7 please realize it will stay on your credit history for as long as ten years. Only a good idea if there is no other option. You may be able to settle with the creditors on your own.
Hi, Well, with your given financial situation, the best optio
Hi,
Well, with your given financial situation, the best option for you would be to negotiate with your creditors on your own. Don???t refrain from seeking the help of your creditors as they are the ones who can understand your financial situation. Make a list of the principal amount and the interest rates that you owe on all the accounts. Explain the financial hardship that you???re in and support the request by shaping a frugal budget eliminating all kinds of things that you can do without. Make them believe that you???re eager to make the repayments on time if the terms and conditions are relaxed. This may help you out. If you feel that you cannot repay your debts in this way, you may also get help from a non-profit credit counseling agency as well.