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New Member - Please Help!


helpme123
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Hello

I 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

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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.

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