IN TOO DEEP
Date: Wed, 02/28/2007 - 16:35
We are currently swimming in debt due to payday loans and personal loans.we filed bankruptcy in 2002 whicw we voluntarily dismissed in 2004.we have tried to refinance our home, but due numerous late payments on our 1st and 2nd mortgages we cannot get it done.we have a decent income and all we need is a fresh start do have any suggestions. :( :( :(
It will be a good move to call your lenders and make them aware
It will be a good move to call your lenders and make them aware of your payment plans. Things will look positive if you propose them a fixed time period within which you will pay them off. Seeing your intentions, they may lower down the existing interest rates and waive off some fees after a couple of payments as per the plan. If you are in need of professional help, a debt counselor will negotiate with your lenders and set up a good deal.
How much is the total debt and who are the lenders you are dealing with. You will find most of them discussed on this board and people who have already been with them
