Our Credit Sucks and We Can’t Refinance. What Can We Do? – Jim

“Dear Steve,

I am currently trying to refinance my home through my credit union. According to their appraiser, in the last year and a half, the value of my home has dropped $200,000.00. Our credit is in the 500-600 range so no bank will touch us and we now no even paycheck to paychecjk. My wife and I both work but we just can’t seem to catch up. We’re falling further and further behind. The credit union won’t modify the existing loan because they say they’re not a bank so they don’t have to. What would YOU do?


Dear Jim,

Have you considered handing the upside down house back to the bank, filing bankruptcy to discharge the debt they will come after you for, and renting?

During this time you could focus on rebuilding your credit preparing for a better financial future.

I strongly suggest you click here to find a local bankruptcy attorney and discuss your situation with them. This approach is the quickest way to get you back on your feet and financially safe.


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

Steve Rhode
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