helpme123 Posted March 12, 2008 Report Share Posted March 12, 2008 HelloI have been reading some of the post on the forum, and I am hoping some one can give me some advice on my situation. I am 25 yrs old with $55,000 in debt. $12,000 in cc, $23,000 in personal loans and $20,000 in school loans. I am current on all of my payments, but I live pay check to pay check. As I make my payments on my cc I use it to buy groceries, gas and what ever necessities I need. I am at a point where I feel as though I will never catch up. I called a debt settlement company to see if they can assist me, but as I was reading on the forum, they are worthless. Also I was reading an article that in stated in the state of New Jersey it is illegal to us a profit debt settlement company. Now I am thinking should I just file for bankruptcy? Any advice would be great.Thanks Link to comment Share on other sites More sharing options...
Amerikaner83 Posted March 13, 2008 Report Share Posted March 13, 2008 If you're current, filing BK will be shooting yourself in the gut...not a smart choice, IMO.Can you get more income? A second job perhaps? Cutting expenses or increasing income will put your IN more than your OUT, and that's the simple version of what you need to do. Link to comment Share on other sites More sharing options...
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