|
Major financial woes!
Well, my husband & I are 30 years old with 3 kids. We royally screwed ourselves into debt like you would not believe! Our house is going into foreclosure & our truck has just been repossessed. Not to mention, Dr. bills, credit card bills & other loans & bills. Can someone, anyone give us any options on what we can do to get out of this? Like does anyone know anything about bankruptcy? Thank You.
[ ]
Want to answer more questions in the Work & School category?
Maybe give some free advice about: Personal Finance?
i have always prayed, and god is their for me. but if that doesnt work, get a loan. or have a yard sale. i know the slae wouldnt give you a lot of money, but it could get you food on the table or get a bank loan.
]
Have you looked into Credit Counseling? They work with your creditors to lower your payments and stop the hasseling calls. You pay them one payment and they pay all your bills from that.
Also, if you have a 401K (I don't recommend touching retirement, but...) you can show the foreclosure papers and request a hardship withdrawal to get your house out of foreclosure.
As for bankruptcy, it stays on your records for 7-10 years, ruins your credit, can cost you the ability to rent or own anything, and can cost you jobs that run credit checks. Really think hard before going this route. Check with a lawyer - you can usually get a free consulation.
]
More Questions: |