My husband just lost his job and we have three kids, I am afraid things are going to get worse before they get better. We were just starting to get out of debt. Is the companies that can help us now?
2006-11-03 08:20:12 · 8 answers · asked by ab3mom 2 in Business & Finance ➔ Personal Finance
The YWCA offers free credit counseling.
2006-11-03 08:28:00 · answer #1 · answered by Anonymous · 0⤊ 0⤋
the terrific answer so some distance is The canines of conflict. Clint has some sturdy factors too. I artwork at a economic organization now, and till now a loan company. Any way you minimize it, it seems undesirable on you which you had to circulate a debt administration company. Your credit will mirror it. in recent times, it takes a score of seven hundred to get a sturdy value on loans. and that i do no longer think of you should place everywhere close to seven hundred if going via debt mgmt. Lose the enjoying cards, pay the smallest ones off first. Use that extra funds (from paid off enjoying cards) to coach extra to the subsequent card, and save going. i know it should not be common, yet you will possibly have the satisfaction of working it out on your individual and your credit won't go through as a lot. sturdy good fortune!
2016-10-21 05:19:11 · answer #2 · answered by dorseyiii 4 · 0⤊ 0⤋
There are companies that negotiate your debts for you. You end up paying much less, even after paying out to that company, but it seriously messes up your credit. Here's how it works: you stop paying the credit card companies and start paying into a fund managed by the debt relief company. While your money builds up in the fund, the creditors charge off your debts, send them to collections, and get desperate enough negotiate. The debt relief company does the negotiating and pays the creditor from the fund.
Here's the downside: Your credit will suffer. Badly. For the first several months, your creditors will call you, trying to get their payment in full. Eventually everything will quiet down.
You have to decide what is more important... getting out of debt or having a good credit rating?
2006-11-03 11:38:53 · answer #3 · answered by heartlandcanuck 3 · 0⤊ 0⤋
If you are not working you need to start.Try taking care of a few kids in your own home if you can not get out to work.Can you cook or sew?Can your husband watch the kids at night while you work partime?Any payments you can make are better than none at all.Your husband can find a job doing something while he continues interviewing.Dont get bummed,you can pull thru but you have to put the petal to the metal!!!!
2006-11-03 08:30:16 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There are definately some free counseling services that you might find out about through your local church. Good thinking to get started now. With unemployment so low right now, it's a decent time to find a job. Good luck.
2006-11-03 11:31:13 · answer #5 · answered by Papa John 6 · 0⤊ 0⤋
there are companies that can help you for a fee ... and some are not exactly worthy of it ... your best bet would be to call the creditors yourself and let them know of the setback ... most will work with you ...
2006-11-03 08:29:21 · answer #6 · answered by emnari 5 · 1⤊ 0⤋
hey dearie, Im sorry to hear that but its ok, everybody goes through the same trouble at one point in their lives, try checking with these two resources:
http://www.ezcreditrepairsolutions.com
http://www.newhorizon.org
all the best to you and Godbless
2006-11-03 09:59:41 · answer #7 · answered by Anonymous · 0⤊ 0⤋
consumer credit councelling (sp) free and it works
2006-11-03 08:33:28 · answer #8 · answered by Ron T 1 · 0⤊ 0⤋