Hello! I am new here and think this is a great site!
My husband and I have over 70k in debt. Mostly credit card, but we owe AGF about 6k for furniture we bought over 18 mos. ago. We have basically stopped paying all of our credit cards in the last 6 months, due to my husband being laid off last summer. My 15 year old daughter was in a serious auto accident with head injuries, and my husbands company let him go. We think it was because we had such huge medical bills. Anyhow, that's irrelevant.
We have entered into a forbearance with our Credit Union on our Fannie Mae mortgage, and are just trying to keep up with that and my husbands (286.00) car payment. I own a 06 Kia Sedona outright.
My husband spoke with AGF a few weeks ago concerning that furniture pmt, and they wanted us to commit to $100.00 a month. We didn't, because we weren't sure if they would really come get the furniture, and on Friday, they called over and over again, saying that since it was the end of the month, we had to set something up, and as of the 1st of June (tomorrow), that it would become "involuntary" instead of "voluntary".
Not sure what they mean by that, but we are both self-employed, so they can't garnish wages, and we probably do not have much equity in our home. (even though we put 20% down, it was only 20 months ago that we purchased it).
Also, we haven't filed bk, because we were told we were self employed, so why bother.
Do you think they will actually show up to take our furniture? We originally paid 9k for it and owe around 6k, it's not that we don't want to pay them, but we have soooo many credit cards and such, it is impossible to do it all.
Thanks for any advice that you can give!!!
My husband and I have over 70k in debt. Mostly credit card, but we owe AGF about 6k for furniture we bought over 18 mos. ago. We have basically stopped paying all of our credit cards in the last 6 months, due to my husband being laid off last summer. My 15 year old daughter was in a serious auto accident with head injuries, and my husbands company let him go. We think it was because we had such huge medical bills. Anyhow, that's irrelevant.
We have entered into a forbearance with our Credit Union on our Fannie Mae mortgage, and are just trying to keep up with that and my husbands (286.00) car payment. I own a 06 Kia Sedona outright.
My husband spoke with AGF a few weeks ago concerning that furniture pmt, and they wanted us to commit to $100.00 a month. We didn't, because we weren't sure if they would really come get the furniture, and on Friday, they called over and over again, saying that since it was the end of the month, we had to set something up, and as of the 1st of June (tomorrow), that it would become "involuntary" instead of "voluntary".
Not sure what they mean by that, but we are both self-employed, so they can't garnish wages, and we probably do not have much equity in our home. (even though we put 20% down, it was only 20 months ago that we purchased it).
Also, we haven't filed bk, because we were told we were self employed, so why bother.
Do you think they will actually show up to take our furniture? We originally paid 9k for it and owe around 6k, it's not that we don't want to pay them, but we have soooo many credit cards and such, it is impossible to do it all.
Thanks for any advice that you can give!!!
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