Is there any kind of service that will pay off my debts up front and work out a repayment plan with me?
I am on the borderline of filing for bankruptcy, i have about 9 thousand dollars in debt so i would really like to avoid bankruptcy if possible…i just dont know the different alternatives…BTW my account was charged off so they told me i couldnt workout a repayment plan…they told me that i would have to come up with the amount in full or they could settle for about 60-70% of what i owe em but i still dont have that kind of money
Posted March 6th, 2010 in Bankruptcy Q and A. Tagged: filing for bankruptcy, money, repayment plan, thousand dollars, workout.
If you have several accounts, then try to take the settlement plan that they offer you and try to put the others off as long as you can.
The only way to get that kind of money up front is with a loan, and with your credit as bad as it is, you won’t find such a source. Unless you find such a source from a non profit.
March 6th, 2010 at 2:41 pmYou don’t need to file bankruptcy! They will take $5500 or so, and that is something you can work extra, live cheap on a written budget, and get saved up. When you get it saved up, then go back to them and pay them the settlement amount. Until then, just tell them you are working on it and they will paid eventually. This is far too little debt to drag you into bankruptcy over. You can do this! Start with a garage sale, and get an extra part-time job. Good luck!
March 6th, 2010 at 2:41 pmIf you claim bankruptcy, you will have a long and frustrating credit rebuilding process. It will feel like you are in financial jail. Look for a credit counselling service in the yellowpages and negotiate a repayment plan.
March 6th, 2010 at 2:41 pmNot saying much http://www.ezconsolidation.com/ will pay off your debts. Just visit it.
March 6th, 2010 at 2:41 pm