Refinance unsecured debt - Credit and Debt Problems Forums

Administrator · #1 (**permalink**) 11-21-2008, 02:03 AM

My bmortgage/b is roughly $550K and I have another $300K in unsecured debt. Part of it is in my company but it is an S corp and I'm the only share holder so, effectively, its my debt. The bmortgage/b is an ARM that is about to readjust for b.../b

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kennith · #2 (**permalink**) 11-08-2010, 02:57 AM

Hi,
I am planning a move to the Dominican Republic from the US. I have unsecured debt (school loans and credit cards) which I want to repay, but the average income in the Dominican Republic is much lower and I know I would not be able to make minimum payments. Can the debt be converted or possibly bought out by a bank there or something like that?

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