Coupla things flipped me out today. 1.) My Privacy Guard Eq is 632. My Eq pulled by loan co is 551. WTF? 2.) I tried today to get a smallish loan, 3k or so, for catching up/consolidating after my SO's surgery and several other unforseen events. Citifinancial, a finance co, won't offer me anything. I have one 30 day delinq in about 2 years, 3 in 5 years. I am a homeowner, with a 1st at 5 3/8%. I make 50,000+ per year, \ Several cards dropped my limit in the past few months, making my debt/credit ratio pretty high. I am hovering around a month behind, not quite over the edge, and in a good postion to catch up, with a l'il capital flow. The whole thing seems geared to take folk who are still making it and pull them under. Am I exaggerating? Does this match anyone else's experience? What do I do? Can I file Bankruptcy making $54k per year with around $23k in consumer debt? I don't want to screw anyone, but I don't think I deserve to be squeezed like this. Am I just a whiner? And what about Naomi? (If that last one makes sense, you are dating yourself.)
You may be abe to file Chapter 7 depending on where you live and how many people are in your family. Chapter 13 is certainly an option. No, you're not a whiner. The banks have slashed a lot of people and the economy is simply terrible due to a lack of cash flow.
