I am on the edge of losing grip on my debts. I’m missing payments on some just to pay the other. My score is below 600 so no bank will loan me money, I’ve tried. No family / friends can help. I read that chapter 13 is like a consolidation repayment plan which is all I need. Will this hurt or help my credit? Should I go with a debt consolidation company instead? If so which comany is best?
I meant no bank will give me personal loan to consolidate my bills..

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This is a personal loan made to a family member. I understand I need to disclose it in BK. However I need the income to meet my monthly expenses.

Technorati Tags: bk, family member, monthly expenses, personal loan

have been laid off for a while. I have a personal loan, phone bills and about four credit cards. All my credit adds up to about 20k. I just got a new job and I am making about 2400 a month. My rent is 600 a month and I have about 200 monthly bills. All my credit went into collection agencies. Does anyone have any advice…Its not so easy just to pay it off because of my other expenses and settlements usually require 2 or 3 payments to pay off the whole debt. My loan alone was 8 thousand dollars. I want to pay all this off. Can you please give me advice how to pay it all off and than gradualy how can i rebuild my credit. Another option is bankruptcy…I live in New York. If I do bankruptcy, how bad would that affect my future. Also, would it affect me inheriting a house? Would it be a good option? I know it stays on my credit report for 10 years but can i still build credit after filing bankruptcy and how soon? thanks.

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I have a personal loan with wells fargo bank that has been charged off. Its for 00,and the account if 4 years old. I am planning on sending them a settlement offer. However, I can decide if I should settle and delete, or settle and have them mark it as paid as agreed, removing the ‘charge off’ comment. I am working on rebuilding my credit, and I have plunty of time to wait it out with the settlement to get what i want. Since this is a bank personal loan, i just wonder if it would be better left on my credit report as paid, rather then deleted all together.Please advise. Thanks!
Looking at my creidt report again, i see that it doesnt say charged off (sorry, that was a DIFFERANT collection we are working on). But let me try and explain this situation a little better….
This is my husbands debt that we are trying to fix. I would love to wait for the SOL to expire, but are are working towards buying a home next year, and just cant wait another 3 years for this to fall off. This was a joint loan his grandpa co signed on with him. His grandpa has since filled bankruspty. So now on my husbands report it shows the account with a zero balace….strange… It doesnt say paid, collection, charged off, or anything. So I really dont understand what it is now. Was it paid by the bankrupsy, or is it still owed by my husband? Help!
oh, and one more thing too…. this loan was origionally opened on 8/2006- last payment made was 8/2007. so when would the SOL be? 8/2012, or 8/2013?

Technorati Tags: 3 years, bankrupsy, buying a home, credit report, creidt report, grandpa, personal loan, sol, wells fargo, wells fargo bank

I filed Chapter 13 Bankruptcy almost 2 years ago is it possible to get a personal loan of like 0.00 dollars?

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I want to apply for a personal loan to settle all my outstanding debts amounting 5k Malaysian Ringgit. Can i still borrow? My plan is to restructure my debts so it would not be to heavy for me and i just concentrate on one loan. Please advice.

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Currently I have about ,500 worth of debt that include credit cards, a personal loan, and doctor bills. I recently became unemployed and I haven’t been able to make payments on any of my debts.

I’m fairly young and of course my interest rates are high, ranging from 16%-24%. I use to not only pay my bills on time, I paid them all early. I like paying my bills. I don’t want to file bankruptcy but in this situation I don’t know what to do. I expect to starting working within 4 weeks.

If I try to start making payments, it will take several months to get caught up. I live with my family and I’m basically head of the household. I take care of my family of 5, and that’s why I’m in debt.

I don’t want to go to one of those companies that you make a monthly payment to and they make payments to your creditors. I could do that myself, and I would still be in the same situation.

Is filing for bankruptcy the right thing to do? Will I be able to, considering the new laws?

Technorati Tags: credit cards, creditors, debts, doctor bills, filing for bankruptcy, household, interest rates, new laws, personal loan

Will they actually consolidate all of my credit cards and personal loan or will they just try to get a decrease in the APR? Can anyone help me with this? I was given this as an alternative to filing for bankruptcy and would like some more info from anyone who has been there and done that…thank you.

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I recently had an unwilling job change with my company and took a ,000 a year pay cut. I can’t even afford to eat. I have three credit cards, a computer that’s financed and about 00 in hospital bills. My car payment is 0 a month. Yah, I know but I could afford it a year and a half ago. Should I file bankruptcy or try to take out a personal loan to pay everything off and get caught up. My car is about to get repossessed unless I voluntarily surreder it. Who knows best?

Technorati Tags: car payment, credit cards, hospital bills, job, personal loan, should i file bankruptcy