I have managed to rack up debt in the amount of ab
I have managed to rack up debt in the amount of about 15,000. My wife lost her job and everything fell behind including the mortgage. I was able to get a mod on the mortgage wherein the interest rate was lowered. However, the principle went up due to the back due balance and now the monthly payment went up.
I called credit counseling and they told me to file bankruptcy. However, I hate to admit it but it would be our 3rd time filing bankruptcy in 20 years. I guess we do not learn.
Anyway, I signed up for debt management. But, now I am hearing horror stories about these companies. So where do I turn.
I am negative on my house. I have 2 car payments which I would love to get out from under but as is with the house I am probably negative on them too.
Any ideas would be much appreciated.
I forgot to add my wife is a Hairstylist. She did get a new job but is starting all over again. She lost all her clientelle and is making a lot less than she was.