Posted on: 25th Apr, 2010 05:04 pm
my husband and i had a chapter 7 bankruptcy discharged in december 2003. we have found ourselves in quite a bit debt now and our last resort would be to file bankruptcy again. we are current on our bills and have been late once on our mortgage and late on some credit cards but are current now on everything. we pay more than the minimum on the credit cards but it is getting harder every payday to maintain. there are so many debt consolidation programs out there, who knows which one we can trust. can you give us some advice on how to proceed?
Welcome slparkay,
As far as your mortgage is concerned, you should contact your lender and let him know about your financial hardship. You can apply for a loan modification with him so that it becomes easier for you to pay off the mortgage.
As far as your credit cards are concerned, you can contact the credit card company and check out if they can help you in any way. They may give you a payment plan according to which you would be able to make the payments. This would be a better option rather than going for a debt consolidation program.
As far as your mortgage is concerned, you should contact your lender and let him know about your financial hardship. You can apply for a loan modification with him so that it becomes easier for you to pay off the mortgage.
As far as your credit cards are concerned, you can contact the credit card company and check out if they can help you in any way. They may give you a payment plan according to which you would be able to make the payments. This would be a better option rather than going for a debt consolidation program.
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