cancel
Showing results for 
Search instead for 
Did you mean: 

Need Advice

tag
angelofmusic86
Frequent Contributor

Re: Need Advice


@Anonymous wrote:

Thank you everyone. I'm going to do this. After seeing the replies tonight it's making me feel better. Now it's just a matter of do it myself with upsolve or an attorney.


Good luck!  It was one of the best decisions I've ever made.  My personal opinion is to go with an attorney as it gave me peace of mind, but if you feel confident, upsolve is a great option.

CH7 Filed 05.01.2020; Discharged 10.21.2020

10.22.2020 FICO8 Scores: EQ 615 TU 560 EX 581
06.28.2023 FICO8 Scores: EQ 663 TU 663 EX 661

Rebuild progress: Kohl's $3,000; CapitalOne QS $0AF $3,600; CreditOne Rewards $700; CapitalOne Walmart MC $3,000; Overdraft Line $250; PenFed PCR $10,000; Kemba Visa $3,500; CreditOne $0AF AMEX $1,500; Target RedCard $1,200; paid off reaffirmed car loan!; Wells Fargo Active Cash $1,500; Comenity Ultamate Rewards MC $4,250; CapitalOne Savor One $3,000; Amazon Store Card $3,600; CareCredit $7,400; Synchrony TJ Maxx Mastercard $3,500; Well's Fargo Reflect Visa $3,500; Levin Furniture $7,400
Gardening until December 2023.
Message 11 of 15
Anonymous
Not applicable

Re: Need Advice

OMG I never knew this existed. I don't have assets really other than a car and this site is amazing. You are right. Why spend another 2500 just for a lawyer when they can do it for free for you.You are a lifesaver. Right now I'm on the first credit counseling class I have to take. I'm almost there. Just kinda of sucks because I may have to surrender my vehicle because I'll be better off without that high loan in my opinion. My credit sucks now anyways and all I can do is go up once I get a discharge. Thank you so much for this helping me save money with your site recommendation.

Message 12 of 15
CreditMagic7
Mega Contributor

Re: Need Advice

Yes going thru BK is daunting to say the least, and if your anything like me the gong of Big Ben's bells seems relenting at times. But take great comfort in that once that process reaches conclusion for you, a HUGE weight will be lifted off your shoulders. Of course it's never no picnic needing to resort to BK, but it does "clear the air" and gives us credit consumers a lesson learned and sets sights on much better decision making ahead so that we won't get trapped in the overwhelming uncertainty again. Provided we use the time & effort forward much more wisely.

 

All the best to you during this process and wishing you rapid recovery from the pressures that went along with feeling squeezed by the unreachable Debt.

Message 13 of 15
Tomew2000
Regular Contributor

Re: Need Advice

To all on this.  I've been suffering major unhealthy anxiety as well about my need to file.  I'm 67, and have never even been late on a payment.  Due to some job issues over the last few years, I'm now too far underwater to recover.  All your comments here have made me feel more hopeful that I can still have some sort of life. Thank you all

Message 14 of 15
CreditMagic7
Mega Contributor

Re: Need Advice


@Tomew2000 wrote:

To all on this.  I've been suffering major unhealthy anxiety as well about my need to file.  I'm 67, and have never even been late on a payment.  Due to some job issues over the last few years, I'm now too far underwater to recover.  All your comments here have made me feel more hopeful that I can still have some sort of life. Thank you all


@Anonymous

 

I know that same anxiety all too well. My own credit profile and all else was seemingly tip top on a steady forward track well over 10 years. I contemplated the Federal BK option when things went south on a sudden but was stubborn since my balances and reserves were (i thought) well enough planned out for years. Then came the sudden reality check with the shock of Covid-19 disruptions and even then felt i might cope & stay afloat but to no avail.

 

I also always maintained perfect payment history and was determined to see it thru. Well that part at least was successful pre filing and now after. So my advice would be reach out to a local professional BK attorney, sit down with them, and spell it all out. I wish i could have filed sooner but had no idea that things would tank to the degree they did.

 

Its a bitter pill to stomach any way one looks at it but taking action is the better part of valor when overwhelmed by mounting debt with drastic cutbacks of a routine which had run smoothly for years on end.

 

Wishing you all the best to keep fresh in your mind, despite the agony of having to resort to BK. that on the other end of it you have a renewed path back to better decisions and sharper discipline where you can regain momentum & confidence once again. And never have to stumble into what created the financial anxiety again given making smarter decisions you take in the aftermath.

Message 15 of 15
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.