I make decent money, been in the same career for almost 15 years. My problem is, with child support, marital debt, poor housing market, reduced bonusses at work due to economy, I am in over my head. I have worked up a detailed budget analysis and the outlook is grim. My house is worth $30,000 less than I owe. I've been trying to sell it since February '07. My truck is worth $6000 less than I owe. My minimum monthly payments going out each month are roughly $1500 more than money coming in, and there is no end in sight. I live a meager lifestyle spending money on just the basic necessities. I have racked up almost $30,000 in unsecured, high interest (some @ 30% APR) debt just staying afloat, waiting for my house to sell. It is all about to fall apart, and my 6 and 3 year olds, of whom I split custody 50-50, are going to see their father have a breakdown. My counselor scratches his head along with me, trying to find a credit-saving way out - there just isn't one. If I sold my house to break even, I could move in with a relative for a year and turn things around. If I could sell it for a loss, I'd do it if there were a way to release the lien. I just don't have any answers. Maybe someone here does?
Here since: Jun 27, 2008
Female, 40
disabled
Beaver dam, KY
Languages: english
I am 40 years old and I have MS which Multiple Sclerosis, I am on a fixed income and only get a little ove 600.00 a month, my son gets ssi and gets 537.00 a month, I try to work at a place that hires ...
Here since: Jun 23, 2008
Male
WORK FROM HOME
BROWNWOOD, TEXAS
Languages: USA
HOW TO AVOID "FORECLOSURE" NOW! AND MORE... I'VE BEEN WHERE YOU ARE. DON'T WAIT RIGHT NOW! SEND, $3.95 FOR MY "FREE" INFORMATION GUIDE. PAY ONLY! SHIPPING COST. PAY TO: KENNETH SMITH 1900 ...see full post
Here since: Jun 1, 2008
Male
Factory
Fort Wayne, IN
Languages: English
I am in my late 40s and have been financially stable my entire life. About 8 years ago my wife and I bought a house to use as a rental and a lake property investment. The investments never worked ou...see full post
Here since: May 30, 2008
Male
Consulting
CT
Languages: English
I am a divorced father of two children who's wife became very ill right after divorce. The court has saddled me with a tremendous amount of debt and financial commitment and I am drowning - barely ab...see full post
Looking at ways to prevent my business from going under. Bankruptcy, debt settlement are possibilities. Wondering about government programs to keep small businesses afloat and participating in economi...see full post
Here since: Apr 5, 2008
Female, 33
Support Center
Greer, South Carolina
Languages: English
I am a single mom that is really struggling right now. I have never received regular child support but I would get a check whenever the ex had a court date. I do have a full time job and I have always...see full post
Here since: Apr 3, 2008
Female, 47
Firefighters Wife / Battling Breast Cancer
New Britain, CT
Languages: English
We have just found out that my wife Bonnie is diagnosed with stage III Breast Cancer. She will need to go through extensive tests within the next two weeks to determine if the cancer has spread throu...see full post
Here since: Apr 1, 2008
Female, 35
Stay at home, homeschool mom
Ringgold, GA
Languages: English
Hello,
I'm posting on here only because my DH and I are in a tight spot and I thought that this was something I might be able to do to help him out. DH used to own a franchise business and managed it ...see full post
Here since: Mar 1, 2008
Male, 32
construction
Eugene, Oregon
Languages: english
I got divorced and my ex wife made all the money in our relationship, but I got stuck with all the credit dept. I have about 2000 in bill every month and only make 1200 dallors a month.
All my bills a...see full post
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