Hi! I just registered today.
Long story short...my husbands job of 25 years began going bad about 5 years ago. It ended alltogether 2/2013. Since then he has had unemployment comp. and temp jobs. Finally working in his field again but at 1/3 the salary. So, lots of cc debt. Our income is around $65,000. Our cc debt is $50,000. We have a loan on parents house to build addition when my mom got sick we moved in. Our name is not on the deed. The loan is in our name w dad as "grantor".
Much more, but my main question now concerns my daughter going off to college in the fall. I think we would qualify for a parent plus loan because our cc are current. But what happens if we get the plus loan and file bk a month later? Would it be beter to have my daughter get a private loan? Obviously she will need a cosigner which will not be us.
I know we have to file. We have nothing left over after bills. But geez. It does not feel good putting this weeks cc money into a retainer fee instead of paying th bill.
Thanks in advance!
Long story short...my husbands job of 25 years began going bad about 5 years ago. It ended alltogether 2/2013. Since then he has had unemployment comp. and temp jobs. Finally working in his field again but at 1/3 the salary. So, lots of cc debt. Our income is around $65,000. Our cc debt is $50,000. We have a loan on parents house to build addition when my mom got sick we moved in. Our name is not on the deed. The loan is in our name w dad as "grantor".
Much more, but my main question now concerns my daughter going off to college in the fall. I think we would qualify for a parent plus loan because our cc are current. But what happens if we get the plus loan and file bk a month later? Would it be beter to have my daughter get a private loan? Obviously she will need a cosigner which will not be us.
I know we have to file. We have nothing left over after bills. But geez. It does not feel good putting this weeks cc money into a retainer fee instead of paying th bill.
Thanks in advance!
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