Not sure what to do or whats best. debt help?
Sunni asked:
My ex left me with around 13,000 in credit card debt and a car that is 14,000 from being paid off. The total monthly payments for these are around 800. I only make 800 a month right now and still have to pay rent, gas, electric and so on. I joined US Debt Relief to help with the credit cards (bringing the total payments to 550 a month including the car) but am still not able to cover the rest of the bills. My mom thinks bankruptcy might be the only way to go although we are both a little worried about the aftermath since I am only 22 and it will hinder me from getting into a house or anything until i am 32. I’m not sure if it could hurt much worse then the debt consolidation because they are letting all my accounts go bad so they can make offers and some of the cards wont be paid on in 3 to 5 years. Any advice from people who have gone through this would be great! Thanks in advance.
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My ex left me with around 13,000 in credit card debt and a car that is 14,000 from being paid off. The total monthly payments for these are around 800. I only make 800 a month right now and still have to pay rent, gas, electric and so on. I joined US Debt Relief to help with the credit cards (bringing the total payments to 550 a month including the car) but am still not able to cover the rest of the bills. My mom thinks bankruptcy might be the only way to go although we are both a little worried about the aftermath since I am only 22 and it will hinder me from getting into a house or anything until i am 32. I’m not sure if it could hurt much worse then the debt consolidation because they are letting all my accounts go bad so they can make offers and some of the cards wont be paid on in 3 to 5 years. Any advice from people who have gone through this would be great! Thanks in advance.
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Tags: Aftermath, Bankruptcy, Mom
February 4th, 2009 at 11:16 am
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I recommend selling your car. If you can recoup more than the loan amount use whatever is left over to pay your cc debt. Can you talk with your ex at all about the credit card debt? Where any purchase made where they signed for it? I would try to avoid going bankrupt but if thats what it is going to take maybe you should just face the music and learn a valuable lesson about money. Lots of rich people were bankrupt before they learnt how to take care of money
February 7th, 2009 at 10:41 pm
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I used “DebtConsolidationCenter” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%. It’s legitimate. I came across this company on NBC News Special Edition. Check it out here.
FREE debt consultation online. Featured on NBC. Get Your Consultation FREE of Charge:
February 10th, 2009 at 9:01 am
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Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It’s legitimate.I came across this company on NBC News Special Edition.Check it out here: