I have bad credit and i'm $140,000 in debt. About

I have bad credit and i'm $140,000 in debt. About $13,000+ are in student loans and credit cards that are listed as in good standing on my credit report. While $83,000 in student loans are deferred and listed as potential negative on credit report. I have $57,000 left on my mortgage loan that is in good standing. I feel like i'm drowing in debt. What is the best alternative for me to clear myself of debt? Should I look into debt consolidation? If so, is there a company you can recommend? I want to start paying off my debt, but I honestly don't know where to beging. I owe so much money its overwhelming. I don't want to file for bankruptcy. I don't want to have my home and possessions auctioned off. Please advise.

1 Answers

Bankruptcy wont do anything for the student loans..they are non dischargeable in bankruptcy.  You also cannot include student loans in any debt consolidation program.

you $83k in student loans are in deferment and listed as potential negatives??  That doesnt sound right.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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