HELP! genuine good advice wanted?
Lost asked:
My husband is in financial dire straits, We are living in hawaii and cost of living is expensive here. Would consulting a debt relief company and them helping out affect his credit score? Does anyone know of one that is helpful and understanding? If anyone is wondering how we got in this situation, He got divorced and the ex wife is getting alimony, house, car, on top of that Recent taxes has shown we owe money to govt. plus our cost of living. I am already working and helping out but not enough. Dont know how else to approach this. I know if you ask for a consolidation at bank this will affect your credit score. Thanks for any good advice.
Edna
My husband is in financial dire straits, We are living in hawaii and cost of living is expensive here. Would consulting a debt relief company and them helping out affect his credit score? Does anyone know of one that is helpful and understanding? If anyone is wondering how we got in this situation, He got divorced and the ex wife is getting alimony, house, car, on top of that Recent taxes has shown we owe money to govt. plus our cost of living. I am already working and helping out but not enough. Dont know how else to approach this. I know if you ask for a consolidation at bank this will affect your credit score. Thanks for any good advice.
Edna
Tags: Alimony, Consolidation, Good Advice
July 25th, 2009 at 11:27 pm
Heather
July 29th, 2009 at 5:47 am
Lois
It sounds like a no win situation….perhaps you your husband could consider bankruptcy, yes it ll hurt his credit score, but for only about 7-10 yrs…we have people come into the bankruptcy office with similar problems….call and just set up a consolation with a lawyer and see what can be done…
July 29th, 2009 at 12:09 pm
Jimmy
could he go to court and show he can’t afford to pay the x wife that much money based on your current debt/income ? sounds like it needs to be reduced ?