Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages

Go Back   Mortgage Refinance, Low Interest Mortgage Broker, Commercial Mortgages > Mortgage and Loans Forum > Mortgage Problems and Solutions

         
Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 05-12-2008, 01:57 PM
Administrator Administrator is offline
Administrator
 
Join Date: Oct 2007
Posts: 17,454
Default What if I stop paying my credit cards?

I'm going through credit problems right now and thinking of filing BK. I owe $25000 in child support for the past 2 and 1/2 years and it has increased to $45000 as I have not been able to pay. So the interest just kept adding. I don't think I'll be able to pay it in near future too. So I'm scared as to how much the amount can go in the next 3-4 years. Everytime I try to obtain a credit card, the child support shows up on my report and I'm denied any credit. what should I do now?? As for the details, I need t pay around $800 as child support, total cc payment per month is $1200. Total amount to be paid on credit cards is $30000. I have an auto loan for which monthly I pay $600 and my cell phone bill comes out to be $85 monthly. I don’t make big purchases and don't have to bear all expenses on food and rent as I'm staying with a friend of mine.

More...

(Source: mortgagefit.com)
Reply With Quote
Sponsored Links
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT. The time now is 08:22 PM.


Home :: Register :: Members :: Statistics :: Rules :: Help :: Contact :: Advertise