Are there any REAL debt/credit counselors out there? What other option is there other than bankruptcy? We are now 30 days on 1 vehicle and late on this months house payment.
In your situation I’m not sure how a credit counseling group would be much help. If you are behind on your secured assets then you need to get caught up on them as soon as possible or contact the car lender and mortgage company and see if some arrangements can be made.
The only debt relief solution that will help you to overcome your mix of secured and unsecured debt is going to be bankruptcy, which would prevent the loss of the car and home and allow you to get caught up, special arrangements with the lenders directly, or possibly a debt consolidation loan to get caught up. The debt consolidation loan is the worst choice if your situation is because of limited cash flow rather than caused by a one time event.
It would seem prudent to click here to find a local bankruptcy attorney and talk to them about what your options are to protect the home and vehicle.
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