Originally posted by spidge
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I am honestly still scared to death of the entire proccess.
I have not paid on most of our $39,000 in credit debt for almost three years but have been paying an attorney payments here and there until our fee is paid. We also quit paying our 2nd mortgage over a year ago and started then ended a trial plan with BofA on the 2nd. BofA has a reputation of stringing people along then denying thier modification, so no $$$ for them if I can help it. We are upside down on the house with the first alone anyway.
Could having the above timeline and situation be considered fraud?
Well Decemember was a good month for me so I settled with one of my largest creditors for 25 cents on the dollar and was wondering if maybe I should just continue that route. I am now down to $30,000.
I would still have the 2nd to deal with but if they would settle for 25% with payments over a few years then I could stay out of the 13 plan. I cannot go with a 7 as I am not current on my 2nd and my income is borderline.
Sorry if this may be in the wrong area.
I have not paid on most of our $39,000 in credit debt for almost three years but have been paying an attorney payments here and there until our fee is paid. We also quit paying our 2nd mortgage over a year ago and started then ended a trial plan with BofA on the 2nd. BofA has a reputation of stringing people along then denying thier modification, so no $$$ for them if I can help it. We are upside down on the house with the first alone anyway.
Could having the above timeline and situation be considered fraud?
Well Decemember was a good month for me so I settled with one of my largest creditors for 25 cents on the dollar and was wondering if maybe I should just continue that route. I am now down to $30,000.
I would still have the 2nd to deal with but if they would settle for 25% with payments over a few years then I could stay out of the 13 plan. I cannot go with a 7 as I am not current on my 2nd and my income is borderline.
Sorry if this may be in the wrong area.
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