Well, I have a consultation with a lawyer tomorrow to go over my options. Long story short, I'm considering filing chapter 7. I have about 8000 in CC debt, two negative bank accounts from bounced PDL checks, and a 1500 personal loan, not to mention the eight payday loans that I have. I lost my job recently -- due to budget cuts, not creditor calls or anything.
What I want to know is this -- I feel really embarassed about having to file for BK. I don't want any of my family or friends to know. Will I be able to buy a car, buy a house, rent another apartment, or anything in the next seven years? Essentially, I'm looking for success stories. Was your life better after you filed BK. I know each lender is different, but were you able to get anything to help re-establish credit.
I'm really scared, especially since I am unemployed. But filing and the attorney fees are only gonna cost me about 1000 bucks (my atty charges 700 and the filing fee here in MO is 306). I'm collecting unemployment, so I will probably have to put down a retainer for my lawyer.
I was working with Town and Country, but when I make 290 a week in unemployment, and they want 100 of that, it gets hard to pay bills. I'm having a hard time paying rent (520), paying them, and paying my other bills.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.