Hi! It's really great to find this website. I'm a first-time mom who has a 2 month old son. My husband and I currently has a debt of 30,000 not including the car loan and the mortgage. And with the new baby, we're now struggling with our finances. As of last month, we're still able to pay the minimum payments but with the baby now and all these medical bills, we are now running behind.. getting bank overdrafts and just basically paying our utilities with credit cards. Even with both of our incomes combined, we're practically just hanging there. All of our income just go towards the bills and there's just basically nothing left for us. And now that I have to send my son to daycare, this will be an added burden to us.
We have tried everything that we could do and the recent thing we did is transfer most of our cc balances into one that has the lowest rate. Still, it didn't help us much. We have also tried refinancing my mortgage but was denied because of the current market today. They said that our loan is higher than the current value of our house.
I've been having sleepless nights and actually tonight, I've been thinking about bankruptcy but part of me is saying no to that idea. That's when I decided to go online and found this website.
I need some input from you guys on how to handle this. Little by little, I've been selling my stuff on craigslist and this is what's paying my monthly medical bills. My husband and I can't do double-jobs right now because we're still thinking twice about the daycare. We really want to be debt-free so we could save money towards our son's future.
I'm sorry if this is very long. I just don't have anyone else to turn to. Thank you for your time.
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.