help, i need some advice! family and current bills..
Date: Wed, 07/02/2008 - 18:22
I hear about bankruptcy and debt consolidation, but i am not in that much debt. But one thing is for sure, every month that goes by, my debt gets larger! I dont know where to start! I have dealt with some pretty rude collectors
and will not call them back for i have no solutions to offer. any advise would be appreciated!
It really depends on your income. Do you think that if all of y
It really depends on your income. Do you think that if all of your debt were rolled into one you can do it? The principle would be to take your 40K take 45% of it and spread the payments over a 3 or 4 year period. If you can do that and make your mortgage, do it. If you can not you shoulf go for bankruptcy.
It sure sounds like you are experiencing a hardship. Its sure s
It sure sounds like you are experiencing a hardship. Its sure sounds like you would be a good candidate for a debt settlement program.
Debt Settlement is a hardship program for people who can`t afford the payments for a debt management plan, can't continue paying minimum payments, can't borrow to pay off debts and don't want to file bankruptcy. If and only if you are overextended or if your debts are already severely delinquent should you consider debt settlement.It will get you a monthly payment around half of what you would pay in a dmp and you will be out of debt usually around 24-36 months. This program does hurt your fico score because creditors won`t settlement until the account is 120 days + past due. However if you are a good candidate for this program your bills are most likely past due anyways or about to be so the fact it hurts your score would be irrelevant. This program is designed to get you out of debt fast so you will be in a prime position to start reestablishing your credit and avoid bankruptcy. Hang in there and good luck. :D
