Posted 16 September 2009 - 04:26 AM
At this point, I am sure that I can not come out of this situation unscathed but the reason I am asking if debt consolidation would be a viable option, (1)I am trying to have a lesser impact on my credit once its all over. Also, 1400 is not doable for me but 900 is, and (2) I have property that I may be able to use as collateral; however, I would hate to lose a 70K property for 20k worth of debt though I know......ITS BUSINESS!!!!
Any guidance will be appreciated.
Side note....I am diligently looking for work.....but I have no prospects at this time.
Posted 16 September 2009 - 04:12 PM
Some card companies will work with you, others will not unless you are already delinquent.
Posted 20 September 2009 - 02:51 AM
Posted 20 September 2009 - 10:25 AM
From what we can tell so far, card companies get more reasonable when you are in default, or working with a DMP.
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