Ok, so I am not even sure if this is an option. I am in way over my head. A year behind on 4 credit cards totalling oaver 20k, DH and I are living paycheck to paycheck and the debt is my debt solely although incurred while married. The cards are only in my name, the house mortgage is in his, the cars in his. Can I file Bankrupcy and make this go away or will it affect everything and if so what are the ramifications of doing so? and what are my options?
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.