I have an income source that will never go away and I have a job that is pretty secure as well. I am planning to use my other income source to pay off my debt. I have a little over 20k in debt. It is NOT student loans, it is credit card and apartment debt. I transfered my husband's debt onto my cards so he could get a job, then he passed away and I was stuck with the debt. I figured out that I can pay off my debt completely in the most 5 years...sooner if I get an even better job and throw more at it.
I can file bankruptcy and pay the 10%, but then have to wait 7 years for it to be off my record to buy a house or apply for a btter job. Even after it is off my record, there are still applications that ask if you've ever filed.
What do you think is a better plan?
P>S> I know quite a few people who have filed and can still get a bank account and a house/apartment. I checked into it and I can keep my car. I don't own a home or any property, so there isn't anything they can take.
Asked by Anonymous at 8:41 PM on Mar. 23, 2011 in Money & Work
Answer by Momm2Princess at 9:18 PM on Mar. 23, 2011
Answer by Jademom07 at 8:43 PM on Mar. 23, 2011
Answer by vbruno at 8:47 PM on Mar. 23, 2011
Answer by emmasmama2007 at 9:06 PM on Mar. 23, 2011