OurCommunityPower.org >  Credit Forums   Debt Forums  Mortgage Forums  Insurance Forums
CreditMagic logo
Close

    LOG IN
Don't have an account? Sign up

*Email:
*Password:
*Display Name:
* denotes required field
*Email:
*Password:
Forgot password?
*E-mail:
  
HomeCredit ForumCredit repair

I cancel bankrupcy and spoil my credit help????

Post reply  Start a topic
Author Message
Options
Print this topic
Invite a friend
Email this topic
  Bookmark online
Add to del.icio.us
Add to YahooMyWeb
 
perillo.debbie



Joined: 07 Sep 2008
perillodebbie's page
Posts: 1



29 Magic Points

Subject: I cancel bankrupcy and spoil my credit help????
 
Posted on Sun Sep 07, 2008 7:11 pm  

We were under the advise of a lawer to file bankrupcy due to a foreclosure of my husband property of his former marrige i had decent credit but owe 25000 cc debt i was paying it off with a debt management co. but the lawyer advise us that the 2nd loan will not be paid with foreclosure and it would be best if we file together, a couple days ago we contacted the 2nd morgage co and found out the mortgages was satified. my husband have 12,000 in cc he has not paid anything for 2 years and now i have 120 days late on my cc debt all the cards was told about the bankrupcy. i cant get a loan and now my credit is bad. Should i wait and save the funds up and get pay for delete then repair my credit this waold help stop the intrest on the cc, or join the debt plan again (i paid for 2 years the debt did not get lowered i was paying the minimun but the intrest and fees $50.00 kept the balance around the same -$3000) I just had a baby and stop working we have 1600.00 in almony and child support, and 3500.00 in morgage monthly and I can't afford the monthly payments what to do. I need advise on how to handle the debt. and how to repair my credit after. Plus i have my mortgage at a fix rate for the next 4 years i need to refinance after. I am back in school and most of the time i dont even have $ for food. The child support and almony stops in 2013 december. that would help but i dont know what to do.
 
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3172



1093 Magic Points

 
Posted on Sun Sep 07, 2008 8:14 pm  

Welcome to the forum, I am not real sure on how to advise you here, I came here twice already and was hoping by now that someone would have came on and given you some advice. Hang in there someone will be along soon.

You may want to go on the debt forum and post your question there also, there are a lot of knowledgeable people there on these types of issues. You can access the debt forum with the link at the top of each of these pages. You may have better luck posting there. goodluck, hope you get some help soon.
_________________
Goodnatured,

Trying to become and stay debt free, thank you for all your help and support!
 
anthony

anthony

Joined: 31 Jul 2006
anthony's page
Posts: 507



12662 Magic Points

 
Posted on Mon Sep 08, 2008 5:50 am  

Since your balance is not decreasing after your payments, I think that you can save funds and pay of your credit card debt in full later. But I am not sure how much you can save because if you have money in your hand, you may spend it on your living expenses without saving it to pay back the debt later. Moreover, since you are already in a debt repayment plan with a debt management company, if you stop repaying it, your credit score may even become worse.
_________________
Anthony Marx

A positive attitude is not achieved by turning a blind eye to the negative, but rather by responding to every situation in the most positive way possible.
You can also visit my blog
http://financewatchonline.blogspot.com
 
Quick Reply
Your Name
Subject
Message body
Page 1 of 1

 



All the works we publish comply with the Creative Commons Attribution License.
This work is licensed under cc by 2.0

Home Knowledge bank Forums About us

Members Area
  • Log in
  • Sign up
  • Bookmark us
Ask the Community
Join credit magic community
Search
  • Forum Search

Financial Tools
  • Credit Repair Tool

Financial blog reader.
Quick poll
Do you think credit repair companies are always a scam?
Yes 
No 
Somewhat