Ask The Get Out of Debt Experts Bankruptcy Related

I Want to Get Out of Debt Now But Don’t Want to File Bankruptcy of Settle the Debt. – Stefanie

“Dear Steve,

I am looking to get out of debt. I do not want to file bankruptcy or settle the debt. I just want one monthly payment to pay it all back. I have fair credit, own a home and am unable to refinance because there is no equity. Between my husband and I, we have about $35,000.00 in unssecured debt.
thank you.

What’s the best plan for us?


Dear Stefanie,

What strikes me off the top is how you’ve already put conditions on how to best deal with your debt. I’m worried that unless you examine all of the possible solutions and evaluate them for how they may best address your situation, you may be making a big mistake.

There is no need to take anything off the table when investigating possible solutions.

Can you easily make your regular debt payments and have a couple hundred extra dollars to use towards getting out of debt?

I’d suggest you first read How to Get Out of Debt. The Honest and Unvarnished Truth and The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy. They will give you a great overview of what we need to deal with to get you moving in the right direction.

Then use the free How to Get Out of Debt Calculator to review your options.

Once you’ve identified a company you want to work with, then follow my step-by-step guide on how to check out a debt relief company.

Please post your responses and follow-up messages to me on this in the comments section below.


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.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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