I got behond on my cerit cards and signed up for careone. its been going great till now.
I am in a credit counsiling program with careone which is going great till recently ive got a call that my son lost his car I co-signed for and they are now wanting to put a lien on my home and attach my wages at work. well the house isnt just in my name its in my husbands too. also the company i talked to said they wont work with the creit counsiling service iam not sure what else to do. maybe file bankrupsy but i dont want to hurt my husbands creidit or his job. what can i do please help me.
It sounds like things were moving along just fine with CareOne but through a change in circumstances a debt management program is not working for you any more.
The cosigned loan issue is a problem and as a cosigner you are liable for the entire balance due.
Is your son able to help you on this debt? Have you talked to him about meeting this obligation?
At this point it is less about hurting credit and more about minimizing damages. Credit can be easily rebuilt. In fact I wrote this guide to do just that.
I’d suggest you click here to find a local bankruptcy attorney and talk to them about what bankruptcy would mean for you. At the very least it may be the most effective tool to stop this mess before it results in a lien and wage garnishment.
Please post your responses and follow-up messages to me on this in the comments section below.