Im on the fence and i need some insight. Im 27 currently having about 18k total debt from about 4 credit cards. Around 2007 every thing was fine i made about 440 a week with less than 40 hours of work. My main Credit card was 17k limit and credit score was 779. Bought a car on the card for 14k like an idiot because at the time it was worth 24k. tried to make a resell profit for school money, big backfire end of story. went through a period when the recession hit to making only about 750 a month. Spoke with a BankRupt lawyer for that option about 5 months ago, its even taking this long to save 1500 + 150 to protect the car wich i now need for transpo. While im saving is there any advice on options like all these debt relief commercials on tv, is that a better option or has someone tried that route? Also im now kinda making the amount of money i was before the hard times. about 1400 a month again. So would i even be eligible now? if i tired bankruptcy would they say u make enough now to pay this money back, when honestly i cant, cost of living for everything has changed since 07, pretty much paycheck to paycheck with an additional 1200 debt from medical bills thats not included im my total debt. Plz help
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Thu, Aug 19, 2010
August 19th, 2010 at 12:45 pm
I work for a debt relief agency that offers all debt resolution services to its clients. By providing a wide arrangement of options they are able to help their clients find a solution that fits their financial needs. Their consultations with a debt analyst are free and they inform you of all the pro and cons to each debt management program out there. If you are fit for one of their programs they make sure they do not take any fees up front and charge only on a performance basis, meaning they charge only a small percentage of what they save you after they have assisted you with your debt. Always make sure with any program you go with to never commit to any up-front fees, as this ensures you will be helped first. You should try giving them a call to at least weigh your options.
August 19th, 2010 at 12:45 pm
You should be elgible for a chapter 7 bankruptcy. As far as the debt relief commercials… most of these are a rip-off.
Here’s a good resource for help investigating credit counseling services:
http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre26.shtm
Another good site is is the National Foundation for Credit Counseling:
http://www.nfcc.org/
September 3rd, 2010 at 7:02 pm
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