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How To Get Rid of Credit Card and Personal Loan Debt and Still Keep My House

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  • 11-26-2007, 12:48 PM
    Nansel29
    How To Get Rid of Credit Card and Personal Loan Debt and Still Keep My House
    My husband lost his job at Ford in October 2007 and I am a stay @home Mom who babysit's.
    We are trying to keep up with our House & Car payment only.
    We ARE NOT BEHIND any any bill's YET,But will come Dec 1st 2007
    We have about $ 17,000 in credit & personal loan debt we have been using credit card's to live off of since unemployment is only $635. every 2 week's,our house payment is $938. alone!
    We have 2 kid's and NEED to provide food,clothing, etc.

    My question is can we file to get rid of ALL the credit card & loan debt and STILL keep our Home & Car?

    My husband thinks we should just put ALL OF the debt in a program like Incharge so we don't get a bad mark on credit.
    Well I figure as soon as we can not make our next payment we WILL GET A BAD MARK, So what would be better?

    ANY ADVICE IS GREATLY WELCOMED!!!!

    Thanks

    Nancy from Michigan
  • 11-27-2007, 11:33 AM
    Mr. Knowitall
    Re: How To Get Rid of Credit Card and Personal Loan Debt and Still Keep My House
    Entering debt management will create a "black mark" almost as great as a bankruptcy. I suggest consulting a bankruptcy lawyer.
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