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.
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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.
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.