We are looking at having to file Chapter 7 soon. We just cannot keep up with our payments and see no way out, plus my husband has some medical problems.
The problem is we need a car. We have several children and my husband has to go to work and needs something reliable. We have 2 vehicles, one has 6000 left, but probably only worth 4. The other on a van has 14000 left and only worth about 7000.
We currently pay 775/month in car payments and it is killing us. Can we start saving up money? If we do file it will be at the end of September, we have no money so we need to wait for our property tax refund for a lawyer. Can we stop paying in September and start saving? How long will we have to save before they repo? This is so stressful!!!
On top of that we have been trying to find other ways to pay off debt like refinancing, even though we still make payments my credit score alone is only 490....just very depressing, sorry.....
Thanks for any help or wisdom....
The problem is we need a car. We have several children and my husband has to go to work and needs something reliable. We have 2 vehicles, one has 6000 left, but probably only worth 4. The other on a van has 14000 left and only worth about 7000.
We currently pay 775/month in car payments and it is killing us. Can we start saving up money? If we do file it will be at the end of September, we have no money so we need to wait for our property tax refund for a lawyer. Can we stop paying in September and start saving? How long will we have to save before they repo? This is so stressful!!!
On top of that we have been trying to find other ways to pay off debt like refinancing, even though we still make payments my credit score alone is only 490....just very depressing, sorry.....
Thanks for any help or wisdom....