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Hi.. I have a quick question... I have a second mortgage with RBC bank which is bought out by PNC bank. I've been behind on my payment for more than 2 months now, the phone call from them is relentless.... My house was foreclosed by the first mortgage, which now I have no property any assets under my belt except for a car which probably cost 500 bucks max... I can no longer make a payments with PNC because I have a new born and my wife is no longer working.. Alone with my salaries I cannot afford it anymore... I was wondering about settling this debts with them before the hospital bills kick in which I might not be able to afford.. any help or tips is greatly appreciated.. I was wondering since I have no more property, will it be easy on my part to settle? because I heard that PNC is really tough on these settlement.. Thanks I owe 18200 by the way.

Do you have money to settle? Working out a settlement and then defaulting on that will bring the wrath of a bank.

Sub: #1 posted on Tue, 04/17/2012 - 12:17

OhioGal1 OhioGal1
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With this, the foreclosure and the medical bills, you might wanna be talking to a bankrutpcy attorney....get a fresh start.

Sub: #2 posted on Tue, 04/17/2012 - 13:20

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I'm looking for an affordable settlement.. I can just forget about it but I have a co-signer involve and if it is possible, I would like to settle it instead of file for bankruptcy. I have some some money to settle for maybe 20%

Sub: #3 posted on Tue, 04/17/2012 - 16:37

nicholas123 nicholas123

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I'd also suggest checking out your bankruptcy options. It's highly unlikely you'll get a settlement that low.

Sub: #4 posted on Wed, 04/18/2012 - 06:38

OhioGal1 OhioGal1
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I also agree with others. Bankruptcy can help you give a fresh start to your financial life. So, why will go after other options when bankruptcy is the most viable option for you?

Sub: #5 posted on Sat, 04/21/2012 - 20:43

tiarajoseph11 tiarajoseph11

(Posts: 467 | Credits: )

ok thank you! i guess I'll start to look into that option.

Sub: #6 posted on Thu, 04/26/2012 - 19:55

nicholas123 nicholas123

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