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Credit Card Debt or bankruptcy

Date: Thu, 05/06/2010 - 03:54

Submitted by Randy1273143267
on Thu, 05/06/2010 - 03:54

Posts: Credits: [Donate]

Total Replies: 2


what is the steps in settling credit card debt, as opposed to bankruptcy. I have become disabled and my wife is loosing her job in 3 weeks


Quote:

Originally Posted by Randy1273143267
what is the steps in settling credit card debt, as opposed to bankruptcy. I have become disabled and my wife is loosing her job in 3 weeks



Give us some more information about your debt...who you owe, how much you owe and we can answer you better. Also reach the forum....you will get a lot of information that way.


lrhall41

Submitted by SOAPLADY on Thu, 05/06/2010 - 05:13

( Posts: 17315 | Credits: )


Basically my steps for debt settlement were somewhat out of my control. when my income dropped 70% I could no longer pay the minimums. Tried getting them to reduce interest rates repeatedly and they said no. So I had to stop paying them. At that point looked into bankruptcy. Came across this forum and decided I could sell things and get money from elsewhere and as the payments got more and more behind I decided to offer them a settlement in lieu of bankruptcy and they accepted. I still have one to settle but the rest are now done and were all done with a couple of weeks of each other.


lrhall41

Submitted by Debt Free to Be on Thu, 05/06/2010 - 07:41

( Posts: 412 | Credits: )