I Want To Get Out Of Debt

Chapter 13 bankruptcy? How's that possible?

If you want to get out of debt, Chapter 13 reorganization or repayment bankruptcy is a possible solution for you. You'd have to submit a repayment plan to the court and faithfully follow it for 3-5 years. When you get a discharge and if there's not complication to your case, it would then be closed, and you can have a fresh start.

Only, you'd probably spend a year or two to repair your credit.

I want to get out of debt but I don't know how--- I have child support to pay. I have a mortgage to pay. I have too many freaking bills to pay and it is driving me crazy.

Mildred: could you be a bit more specific on your situation, if you don't mind? How much are your current debt amounts? Do you have disposable income?

I want to get out of debt is not just a statement that an individual makes, it is a silent plea for help, and a recognition that it can't be done by just oneself.

Fill out a form here at destroydebt.com and get the help that you need- to get you started on that freedom from debt road!

Mildred: On addressing your concern, "I want to get out of debt"

It would be best to first get your mortgage debt taken care of. Since that is an essential debt, being unable to pay for it would render serious consequences. Aside from having an unsatisfactory mark on your credit report, you would run the risk of losing your home.

You can look for a roommate who can be able to help you take care of the mortgage dues to keep the roof over your head.

When a consumer also says "I want to get out of debt", it's a necessary start in acknowledging that they have a problem, and they need help. In this case, you can also be able to negotiate with your mortgage lender to temporarily reduce the costs that you're required to pay monthly. Thru a "mortgage workout," as this is called, you're able to make lesser payments and keep your home at the same time. I hope you were able to inform your lender about your current situation--more often than not they are willing to help you on this.

my brother's wife, shortly after having a little girl, had to go back to work to pay off my brother's med loans...my mom took care of my niece for the fours years she worked and it was tough for everyone...i definitely believe that the best place for the mom is with her children...

my brother had high rate personal unsecured loans which has taken him forever to pay off but one thing he did to reduce his debt was debt settlement....they actually negotiated certain terms with the creditors to reduce his debt.

going to med school he had school loans which soared over $75,000...one of the solutions he came up with was to consolidate his different loans into one payment with an overall lower interest rates.

i guess there's a few options for ya but i guess you'll have to decide what's best for you and your family...good luck!

hey thanks. i appreciate all of your replies.

i'm trying to sort through most of them still but they are making a lot of sense. thanks for your help

If you are saying "I want to get out of debt," what you can also do is fill out a form on DestroyDebt.com to receive help on what you need. You'll be matched with a qualified provider from there. The service is also free, and it won't hurt.