HELP! stressed! car, house, credit, no money?

Question

husbands car in hit & run accident. we still owe on the car (problem with insurance co. we are fighting that right now). it is driveable right now (because it isn't snowing yet) there is no way to get a back windshield in it at all unless the $4k worth of repair is made. We are late on payment. The bank is going to repo. House is seriously behind! We set up a plan with then & then they sold our loan. We have bad credit. No money (all that comes in goes straight to living cost, food, gas, baby needs). We can't file bankruptcy because my husband is starting a new job with an insurance company. WHAT DO WE DO!?? I'm SO STRESSED OUT! give up the car? give up the house? will my credit qualify for an apartment? it doesn't qualify for a personal loan. i have a 3 year old & a 1 year old. i am LOST! please help!

Answer 1

If your credit problems are severe enough that you are in
jeopardy of losing your house, the Homeownership Preservation Foundation with provide free counseling for you. They have a toll-free number and someone will answer 24 hours per day. The number is 1-888-995-HOPE.

Good luck.

Answer 2

First don't panic. If both of you are working perhaps one or both need to take on another part time job. Talk to all your creditors. Most will be more willing to work with you and take payments than repo things. Just be sure that you make the payments that you commit to. Find an apartment before the house is foreclosed on. Do you have any relatives that you could stay with temporarily till you get some money saved or could a family member loan you some money at least to get the house payments caught up? Don't give up on the car yet, the insurance may pay off eventually but if you cant make payments you may be better off letting it go if you can find other less expensive transportation.

Answer 3

He can use the patch and stop smoking without the help of a doctor; that's an excuse. If he chooses to continue to smoke, he needs to do it on a budget, not an unlimited amount of money. It's so stupid that people in dire straits financially would spend hundreds of dollars SMOKING, which will just kill him early and painfully.I think you should challenge him hard on his choice to continue such a destructive behavior. It's good to have a plan, but yours may not be realistic. You may not ever be able to afford another child. You sound overwhelmed. The bottom line is that money is only money. It will come and go. Your best bet is to come up with a workable plan WITH him, and feel good about it. He could make the argument that's he's pulling more weight than you financially. You need to work together.

Answer 4

Mandy, I wish I had the answer for you, I feel for you as I am going through similar stuff, I could lose my house and unsettle my 10yr old g.daughter who has behavioural probs. Bank wont let me have any more money, and am left with a few bob only, try not to stress too much, something good must happen to help you, do u have family, I dont so no one can help me, accept by sending nasty replies as they think Om Nigerian which Im not english through and through, maybe, just maybe some extremely rich person will take our probs on board and give help, I know I would if I was in the position too, and I am sure so would you, I do hope you get some help, but keep your chin up, Im rooting for you, best wishes and good luck Janx

Answer 5

You should really find one of the free credit counseling outfits in your area. They will work with you to find some answers. Call them today. As soon as they open.

Then relax, you'll work something out. Sometimes we need to be tested to get through to the other side.

Although it seems as if everything is crashing down on you you have your health. That's more than lots of people. Just sit down and calm down. It will work out!

Answer 6

Sounds like you need to reduce your expenses, or increase your invcome. I would suggest that you get some extra jobs.