Which way to go?
December 19th, 2009 by Questions
We currently owe approximately $37,000.00 to unsecured debt (credit card/line of credit consolidation), I was wondering if debt settlement would be the right route for us to take? We are currently having difficulties making monthly payments (when all bills paid no money for food). I left my job because I wasn`t being paid and have been struggling to get back of my feet since. My husband cannot make all the payments on his income alone. As well we are getting a divorce. We would really rather not claim bankruptcy as both the car loan and consolidation loan are in both names, and we don`t want to lose my vehicle or anything else. We never missed a loan payment, only once have ever defer 1 car payment, nor have I missed paying a month of rent. Please let me know if this is an option for me or what else could be suggested.
Posted from: British Columbia
Please post a follow up comment below:
(Note: comments are reviewed by moderators and then posted after approval. In addition, due to high volume some of the comments might not be posted.)