will i ever be able to buy another house and car if i just left and didnt make one more mortgage payment and one more car payment on what i have now...ive already did a chapter 7 and every1 is saying that the judge will refuse it...will all of this just go on my credit or will i be in some kind of trouble if i just leave and rent....
2007-08-23 19:21:17 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
First of, WOW!
Of course you'll be in trouble! What do you think we live in some forgiving America. This is the US we are known for greed. You think that your lenders for both your home and car are just going to forget about you? Be serious about what you are saying, there is no way you can just run and forget about your past life, unless you want to a BUM. You have to fix your problem soon and running wont help.
This is a very short amount of room to explain what you can do or explain a solution. You need to learn to control your spending habits. Debt those not just magically appear, you create it. Its a simple equation
Your Expenses > Your Income = Borrowing Money
No matter how much you run and where you hide they (the lenders) will find and collect their money. And even if you run your spending habits are going to remain the same; therefore, you will continue to spiral in the same debt again. Thats why your bankruptcy did not help you when you did it the first time.
You need help and you need it fast. You need to search for help (on the internet)
Sell your home, your car, and even your underware if you have to but get rid of as many things as you can that you owe on. You need to start fresh and you need to change your life around
Good Luck!
2007-08-23 19:43:16 · answer #1 · answered by javi_garcia123 2 · 0⤊ 0⤋
Skipping a mortgage or car payment can have a very bad impact on your credit score. Call your lenders and ask them what your options are based on whatever hardships you are currently facing. Keep in mind that if you leave the house and try to rent it that the mortgage company can foreclose and kick the renters out and claim the house. They'll then sell it at auction and you'll lose all the equity you had in it. The FHA has a good page about how to prevent foreclosure here: http://www.fha.gov/foreclosure/index.cfm
Good luck to you.
2007-08-23 19:29:34 · answer #2 · answered by Anonymous · 0⤊ 0⤋
You got in trouble because you cannot handle your money. Time to step up and figure out how to become responsible. If you spend someone else's money, they have the right to expect you to repay it. If you walk out, it will follow you everywhere. . . as it should.
2007-08-23 19:31:36 · answer #3 · answered by towanda 7 · 1⤊ 1⤋
Bad idea! Don't do that. You are responsible for what you have done. And that's right so.
2007-08-23 22:05:47 · answer #4 · answered by Vampir V 3 · 0⤊ 0⤋
who are you going to find that will rent to a dead beat!!!
2007-08-26 11:48:58 · answer #5 · answered by Anonymous · 0⤊ 0⤋