Discussion in 'Chit Chat' started by stinker56, Mar 3, 2009.

  1. stinker56

    stinker56 New Member

    I am at the end of my rope and falling fast. My husband has his own semi and has been doing okay untiil last month when a major break down completely wiped us out financially.

    He did get his truck back home but we just can't take another chance in going long distance and it breaking down again so he is trying to sell it now but with no interest in it so far.

    Each month we are getting a little further behind in payments and can't go on like this. I talked to my credit card company and they said I would have to get three months behind before they could even talk to me about help.

    I just don't know what else to do. My husband is stressed out so much his blood pressure is through the roof and of course you know what happens stress does to these diseases.

    I hate the thought of filing bankruptcy but have little choice or so it seems.

    My question is, has anyone in TN done this and if so what are the laws concerning this and has anyone used one of those credit counceling places that are always advertised on TV?

    Any suggestions would be greatly appreciated.

  2. Beadlady

    Beadlady Member

    is to check your phone book for Consumer Credit Counseling Services--they are backed by the National Foundation of Consumer Credit Counseling Services. It is a non-profit agency that was originally set up by creditors to assist people in need. They may charge a fee but it is very reasonable and may be waived in hardship cases. If they can not set up a debt managment program for you, then your next option may be to consult an attorney who specialises in bankruptcy.
  3. TwoCatDoctors

    TwoCatDoctors New Member

    Make sure you check out the credit counseling service FIRST with the Better Business Bureau because it is too easy to fall for a "like sounding" one that is a scam and you can also check them out through your State Attorney General's online site. Hugs.
  4. Janalynn

    Janalynn New Member

    I'm so sorry to hear that you are in such a tough spot. I completely understand!
    A couple of questions - what debt do you have - one credit card?
    If you go to Consumer Credit Counseling to protect your credit - it won't necessarily. Also as someone else mentioned, be very careful - they are responsible for making your payments, if they are late - you're still responsible.

    Do you have a mortgage? that is the most important thing to stay up on if you can. If you can't, there should be some help out there with remodifying your mortgage once you are behind so that you don't lose your home.
    Being late on a credit card won't hurt you nearly as much as late on a mortgage.
    I work with people a lot on their credit. I am not however familiar with bankruptcy laws especially in TN. I do know that they have become much more strict across the board.

    I wish I could help you more - but I don't know enough specifics.
    Financial troubles are a heavy weight!