Comments on: PLEASE HELP ME, SHOULD I FILE FOR CHAPTER 7 OR SETTLE MY CREDIT CARD DEBT? http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/ GasCardFree.com Fri, 30 Jul 2010 11:25:26 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: Jennifer http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/comment-page-1/#comment-674 Jennifer Thu, 26 Nov 2009 10:25:34 +0000 http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/#comment-674 Hi, I used "Credit Solution" to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58% and improve my credit score .It's legitimate . I came across this company on NBC News Special Edition.Check it out here: Hi,
I used “Credit Solution” to settle my debt and avoid bankruptcy.They managed to reduce my debt up to 58% and improve my credit score .It’s legitimate . I came across this company on NBC News Special Edition.Check it out here:

]]> By: Paisley D http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/comment-page-1/#comment-673 Paisley D Thu, 26 Nov 2009 09:48:29 +0000 http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/#comment-673 Get a free online car loan quote. The automated questionaire will give you results based on your credit and financial situation. It's free and you can get an answer in minutes. Get a free online car loan quote. The automated questionaire will give you results based on your credit and financial situation. It’s free and you can get an answer in minutes.

]]> By: Michael T http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/comment-page-1/#comment-672 Michael T Tue, 24 Nov 2009 04:40:50 +0000 http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/#comment-672 Usually if you don't include a car in bankruptcy, it won't be seized but you must continue paying for it. Usually it does not have to be included in the bankruptcy since the value of the car is less the amount owed on the loan. If you make late payments, that will affect your fathers credit. The is a remote chance that personal property (tv, laptop, etc.) will be seized. Usually if you don’t include a car in bankruptcy, it won’t be seized but you must continue paying for it. Usually it does not have to be included in the bankruptcy since the value of the car is less the amount owed on the loan. If you make late payments, that will affect your fathers credit.

The is a remote chance that personal property (tv, laptop, etc.) will be seized.

]]> By: Winter R http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/comment-page-1/#comment-671 Winter R Sat, 21 Nov 2009 10:10:54 +0000 http://gascardfree.com/please-help-me-should-i-file-for-chapter-7-or-settle-my-credit-card-debt/#comment-671 I personally, would call the credit card companies and work out a payment plan under the circumstances of economic hardship. Whether it be 50$/ month. Most companies will accept this. If you're wondering how you are going to pay this 50$/month...put your pride to the side. Do odd jobs, sell some of your valuables and save,save,save. Just keep paying. That's the best thing that you can do. See if you can also find some supplemental income somewhere. 60,000 is alot of debt to chisel through but sometimes you can negotiate a payment plan with them that will allow you to settle a portion of the debt. Usually under the agreement that you make timely payments within a certain amount of time, for a certain amount. When you talk to the credit companies, get everything in writing and make sure that once the debt is settled that they promise to report the debt PAID IN FULL. As far as your dad..I would schedule a consultation with a bankruptcy attorney. In most cases, Chapter 13 would not hurt your cosigner as much as Chapter 7, because the co-signer agreed to pay in the event that you were unable to. Chapter 13, is a court- ordered repayment plan and your co-signer would be safe, because you(the borrower) still have an agreement to pay. But... like I said just keep paying on the cards for now. It is possible to get through the debt. Just live within your means, make timely payments, take your credit serious and DO NOT take on any NEW debt. I have some homework for you: Take out a piece of paper. Write out your income (including assets) Like your laptop and t.v. Write out how much money you can afford to pay a month to the credit companies. Write out how long it would take to pay each one. (i.e. 5 years) And how much income you would need to pay it off within a certain time frame( i.e.$21,000 a year to pay off in 5 years or so.) Start looking for 2 new jobs. You're going to need the money. Be patient, it will take some time. Big messes take a lot to clean up. And if you decide to just pay the debt off on your own, your credit will thank you. All your accounts will be closed and your credit score should start looking better. I personally, would call the credit card companies and work out a payment plan under the circumstances of economic hardship. Whether it be 50$/ month. Most companies will accept this. If you’re wondering how you are going to pay this 50$/month…put your pride to the side. Do odd jobs, sell some of your valuables and save,save,save. Just keep paying. That’s the best thing that you can do. See if you can also find some supplemental income somewhere. 60,000 is alot of debt to chisel through but sometimes you can negotiate a payment plan with them that will allow you to settle a portion of the debt. Usually under the agreement that you make timely payments within a certain amount of time, for a certain amount. When you talk to the credit companies, get everything in writing and make sure that once the debt is settled that they promise to report the debt PAID IN FULL.

As far as your dad..I would schedule a consultation with a bankruptcy attorney. In most cases, Chapter 13 would not hurt your cosigner as much as Chapter 7, because the co-signer agreed to pay in the event that you were unable to. Chapter 13, is a court- ordered repayment plan and your co-signer would be safe, because you(the borrower) still have an agreement to pay.

But… like I said just keep paying on the cards for now. It is possible to get through the debt. Just live within your means, make timely payments, take your credit serious and DO NOT take on any NEW debt.

I have some homework for you:
Take out a piece of paper.
Write out your income (including assets) Like your laptop and t.v.
Write out how much money you can afford to pay a month to the credit companies.
Write out how long it would take to pay each one. (i.e. 5 years)
And how much income you would need to pay it off within a certain time frame( i.e.$21,000 a year to pay off in 5 years or so.)
Start looking for 2 new jobs. You’re going to need the money.

Be patient, it will take some time. Big messes take a lot to clean up.
And if you decide to just pay the debt off on your own, your credit will thank you. All your accounts will be closed and your credit score should start looking better.

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