I know they say bankruptcy should be your last resort. I have lots of debt to pay off, I know there are others who have a lot more, but to me $6,000 is a lot since I only work part-time as an independent contractor and it is not steady work, the amount of my paychecks are different all the time. I have looked everywhere for another job, but I have had no luck. One of these debts is payments through a settlement, $150 a month for 4 months, I am approaching the 5th month soon and it's time to re-negotiate, I am not going to be able to afford anymore. I am really thinking of filing bankruptcy to just start over and possibly save myself from any back levies or other lawsuits. I can't sleep thinking if my paychecks aren't enough this month, how will I pay. I tried applying for a loan and I was turned down due to my bad credit. Is there any advice someone can give me, is there anything I haven't done yet? Appreciate all responses, thanks.
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.