1. Try to sell off your asset or pull your equity out of your home.
2. Consumer Credit Counseling Services (CCCS).
3. If CCCS wont take you, you may want to consider bankruptcy. Doing a Chapter 13 takes longer, but your credit is in a little better standing than if you do a Chapter 7. In the Ch 13 they give you up to 5 years to pay off your debts. The disadvantage is that youre in BK for up to 5 years plus your credit report shows your BK for 7 more years after you have finished paying off your debts.
4. If you fall behind the CH 13, then consider filing CH 7 bankruptcy. The disadvantage for this is that the bankruptcy record will stay on your credit report for 10 years and this will cause you prevented from obtaining future financing. |
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is subject to change without notice. All loans are subject
to credit approval. Equal Housing Opportunity.