I was wondering what I should do. My situation is this I have bad credit and have not been able to obtain a credit card for the last 10 years as i have tried. I have now two car payments because 1 additional car payment is deleted due to the fact that they came and repo it last week. I have a house payment and utilities,groceries and gas I still have to worry about monthly. I hve had a large paycut from $60,000 a year to just little under $700.00 a month now. I also owe $30,000 in taxes. do you have any suggestions on how i might get out of this problem without having to go homeless paying everything off.
2007-03-14 03:55:31 · 7 answers · asked by debbychappell 1 in Business & Finance ➔ Credit
Sounds like you need to go ahead and file for bankruptcy relief. A full Chapter 7. On less than $700 a month I don't think any of the credit counseling services would be able to help you. Still, it would be worth it to call one for an initial consultation.
2007-03-14 04:00:58 · answer #1 · answered by lyllyan 6 · 1⤊ 0⤋
If you have unsecured credit card debt, i suggest you to join a debt settlement company who will negotiate with your creitors and bring down your principal debt by around 30% to 70% depending on your credit companies.
You can make affordable monthly payments and get out of debt within 36 months. There are no upfront fees and hidden costs associated with the monthly payment option.
Check out this debt settlement company which has helped me out with the unsecured debt problem.
http://www.debtfreeafterall.com
Good Luck
2007-03-14 09:14:02 · answer #2 · answered by Hima K 2 · 0⤊ 0⤋
$17,000.. £8500. it particularly is a bad debt, yet you are able to in all probability clean it interior of approximately 3 years. think of heavily until now you purchase something; in case you do not want it, do not purchase it; in case you do want it, then determine you won't have the ability to get a greater useful deal someplace else. don't get under pressure, credit enjoying cards are a considerable soreness so attempt to come back into the black consisting of your economic institution (or attempt yet another - they're all competing for corporation) and get a private loan. the hassle with credit enjoying cards is which you are going to be paying off the interest perpetually with out making a dent interior the unique debt. in case you particularly won't have the ability to do away with the enjoying cards, then you've little selection yet to stay undesirable and placed all your money into paying them off (and that i recognize it particularly is way less stressful to declare than to do).
2016-12-18 13:29:13 · answer #3 · answered by ? 4 · 0⤊ 0⤋
There might be a money source or idea you have not explored. I recommend you check out the source website and their free evaluation form. Good luck.
2007-03-14 10:20:58 · answer #4 · answered by CALIFORNIA GOLD 3 · 0⤊ 0⤋
You may want to sell whatever you can and talk to the IRS about doing an offer in compromise.
2007-03-14 04:12:11 · answer #5 · answered by Today is the Day 4 · 1⤊ 0⤋
Try debt counseling.
2007-03-14 04:15:19 · answer #6 · answered by Anonymous · 0⤊ 0⤋
H&R block
2007-03-14 04:02:27 · answer #7 · answered by sexynicole773 1 · 0⤊ 2⤋