Posted on
July 15, 2009
at
2:12 am
please provide me with a list of my debt relief options. i am a single mothr with three children and i want to know more about what i can do in reference to paying my bills. thank you
Posted on
July 15, 2009
at
4:32 am
Here are your options for debt relief, Polly:- Debt settlement- Credit counseling- A debt consolidation loan- Doing a credit card balance transferCould you fill us in on your financial situation, Ma'am?
Posted on
July 15, 2009
at
5:28 am
well i actually am on the verge of filing for bankruptcy but i read on the internet that i shouldn't. right now i am in debt amounting to $26k, and all of my bills are in the red. i am working two jobs but still can't make ends meet.bankruptcy is also a debt relief option, right?
Posted on
July 15, 2009
at
6:16 am
Yes, it is. However bankruptcy is best considered as a last resort when all means of debt relief options are extracted.
Posted on
July 15, 2009
at
7:30 am
If you are wondering- what are my options for debt relief, the following should be considered: 1) Using your savings to pay off your debt. 2) Selling assets and using the proceeds to pay the debt off. 3) Getting a personal loan from a friend or family. 4) Unsecured consolidation loan. 5) Secured consolidation loan (typically in the form of a home equity loan). 6) Credit counseling. 7) Debt settlement. 8) Bankruptcy. 9) Transferring balances on to a 0% or low interest credit card.
Posted on
July 16, 2009
at
1:02 am
Karess --- why as a last resort? I believe it actually has benefits along with the other options. in fact i know that it can help out a lot of citizens so that they can start over and eadily get back on their feet
Posted on
July 17, 2009
at
4:21 am
Bankruptcy has long-term effects on your credit report. For one, the bankruptcy notation will remain on your credit for ten years, if you've filed for Chapter 7, and seven years, if you've filed for Chapter 13. Aside from that, if you will decide to apply for credit in the future, your future lenders may not be very much willing to extend credit, given that there had been a previous history of inability to pay for the bills. From a lender's standpoint, it increases your possibility of credit risk.
Posted on
September 10, 2009
at
4:11 am
what if i do not have savings and am hardly making enough----what are my options for debt relief
Posted on
September 10, 2009
at
4:34 am
then just file for bankruptcy for crying out loud
Posted on
September 11, 2009
at
1:42 am
Well that's certainly one option but definitely there is still more that can be done. Could you fill us in on that, Jason?
