Hi I am a married mother of 6 children. We currently have a good steady income, but are having a hard time paying our bills and mortgage. We would pass the means test for chapter 7 also.
We currently have about 22000 in cc and medical bills. I got the cc companies to lower their interest to about 6%, but it is still hard to make those payments. We also have 2 vehicles, one we are upside down about 1000 with a balance of 6000 and 2 years some months left. The other vehicle we are upside down about 7000 with a balance of 14000....our car payments alone are 775 a month, we have until July 2012 with this one we have been doing this for 3 years and are really struggling now.
Our credit scores are crappy because they keep closing our accounts or upping our interest rate. So we can't take out a loan to consolidate. We also have a second mortgage of 14500......we only pay interest with that so the payments aren't high at all.
We always have had good intentions of "catching up" at tax time, haha. Although that is never the case, we only end up paying 1 bill max and the rest is spent playing catch up the months.
I keep going back and forth if we should file.
The attorney I met with said I should buy a vehicle if I plan on giving our up.....we would buy a 7000 venture 8 passenger if we can get a loan before we file, because my husband has a good credit score.
I keep thinking, well maybe we should wait we can always catch up. Ohh I should mention we have been taking advances from our bank also every pay check it is a vicious cycle....I guess I'm looking for reassurance and I'm not alone..
Thanks for reading!!
We currently have about 22000 in cc and medical bills. I got the cc companies to lower their interest to about 6%, but it is still hard to make those payments. We also have 2 vehicles, one we are upside down about 1000 with a balance of 6000 and 2 years some months left. The other vehicle we are upside down about 7000 with a balance of 14000....our car payments alone are 775 a month, we have until July 2012 with this one we have been doing this for 3 years and are really struggling now.
Our credit scores are crappy because they keep closing our accounts or upping our interest rate. So we can't take out a loan to consolidate. We also have a second mortgage of 14500......we only pay interest with that so the payments aren't high at all.
We always have had good intentions of "catching up" at tax time, haha. Although that is never the case, we only end up paying 1 bill max and the rest is spent playing catch up the months.
I keep going back and forth if we should file.
The attorney I met with said I should buy a vehicle if I plan on giving our up.....we would buy a 7000 venture 8 passenger if we can get a loan before we file, because my husband has a good credit score.
I keep thinking, well maybe we should wait we can always catch up. Ohh I should mention we have been taking advances from our bank also every pay check it is a vicious cycle....I guess I'm looking for reassurance and I'm not alone..
Thanks for reading!!
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