First of all I want to say the BIGGEST thank you to you. I’ve been in debt for over 7 years and finally came to accept it and decided to really do something and your blog is just so informative and really uplifting – I feel like there is a light at the end of the tunnel. an honest information about all that i considered a black cloud over me. THANK YOU!
I own a home for 5 years now. My mortgage balance is probably the same as what I’d get now if I were to sell my condo (since RE prices dropped), or maybe I get slightly more than I owe. I am enrolled in a hardship program with my mortgage company for about 2 years and that gave me an interest rate of 2.3% currently (which is great).
However, my credit card debt has been growing with years. I pay it monthly (no delinquency or late charges) but I never manage to pay it off.
My credit score is not bad either (fluctuates between upper 600s and low 700s). I owe about $30K between Chase and Citi credit cards and a loan of $8K ( so $38 K total). I have monthly income and potentially debt settlement would be a great option for me, but I was also thinking about filing for bankruptcy Chapter 7. However I don’t want to lose my home. I don’t even care about the credit score anymore – I just want to be debt free (mortgage is ok)
What do you recommend as the best solution for me? Is Bankruptcy an option and could I keep my home then?
Thank you for your help!
The AnswerIf you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. I Feel Like I Can Finally See Hope About My Debt. - Maria by Steve Rhode