We have 3 credit card debts in collection, owe $8k
Date: Fri, 04/01/2011 - 12:12
We have 3 credit card debts in collection, owe $8k; 1 other unsecured debt, $9K, 12 months behind. Three home liens: 1st mort, private individual, 2 months arrears, 2nd mort, in collection; 3rd lien for new HVAC system, $9K, in collection. Income not sufficient to cover payments. Debt resolution firms only deal with unsecured debt. Any thoughts for guidance? ...thanks.
What are your payments? Are you this far behind because your in
What are your payments? Are you this far behind because your income isn't sufficient? Have you considered bankruptcy?
You probably only have two choices, borrow money from family/fri
You probably only have two choices, borrow money from family/friends or 401(k) and settle these debts or consult a bankruptcy attorney to get out from under this.