I Want to Lower Our Payments Without Bankruptcy. – Tina

“Dear Steve,

My husband became disabled in 2007. We have struggled to keep ours bills payed ever since. He draws a social security check and I work two jobs, but it is still hard to get by.

We have a 12 year old son. We owe $5751 for a four wheeler. We have been paying on it for two years and have only got $1000 paid. When we bought it, the company put it on a card of some type.

We live in a single wide 1973 mobile home. I had to borrow money against it, to pay help pay our bills. We owe $4,4656 on it. I believe it my be on the land instead of the trailer. I have a credit card that I owe $1,143 on. We also have a truck payment of $344 dollars a month. We still owe $13,607 on it. We were making it fine until he became disabled.

If you have any ideas how I might lower my monthly payments without bankruptcy, I would appreciate it. I don’t mind it taking longer to pay off my debts. I just want to be able to make my payments without having to worry about it.


Dear Tina,

So sorry to hear about your struggles.

The only way to lower bills without bankruptcy is to either renegotiate the terms of the loan, which isn’t going to happen, with your types of debts, or wrap them into a new loan. I suggest looking at LendingClub.com for an unsecured fixed rate debt consolidation loan.

Outside of that bankruptcy is your best option. It is a legal solution that provides you with the most consumer protection from creditors. Click here to find a local bankruptcy attorney and at least talk to them about it to discover what it would do for you in your specific situation.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.
Damon Day - Pro Debt Coach

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