Hello, Dan here

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Dan,

If you call and speak to someone at the credit agency

and explain to them your situation you will probably

get somewhere. REmember that something is better than

nothing. Maybe you could say something in the lines of

“I can afford to pay you $xx.xx per month or $xxx.xx

in total but that is all I can do. I will have to

borrow that as well. But in return no more interst and

this is in full settlement.”

Get everything in writting. Filing bankrupcy could

cost you your house. The laws have changed

drastically. It is harder for people to file for

bankrupcy.

Try getting a consolidation loan (if possible) to

cover your settlement amounts. That would be better

than borrowing from your sister. Trust me. My brother

borrowed money from me and hasn’t paid it back. It has

put strain on our relationship. I won’t help him

again.

There are free credit councing centers that you might

want to check out as well. Also if any are in

collection (I am sure there are since some have

attorneys involved) contact the collection agency and

see what it would take to settle. They can sometimes

get what you can’t get approved.

This is a deep hole you have doug yourself into it

will take a lot of hard work and time to get it

straightend out. In about 10 years (after all is paid)

your credit will be getting better. The first thing to

do is to make sure that your house is not getting a

lein on it. Have the attorney do an abstract to make

sure there is no lein.

Unfortunatly you may have to borrow some money from

your sister as you may need some research done that

could cost some money but keep it limited and make

sure that you pay her back. (even if it’s ten dollars

a month)

Also have you been paying your creditors? Even a

couple dollars a month shows good faith. They would be

more willing to work with you if there is some form of

good faith.

take care

Donna

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