It’s not easy to admit, but one thing my husband and I have considered briefly is bankruptcy. Granted, there is always a way to handle debt reduction without resorting to bankruptcy, but what if there is no other choice? As it stands, we’re doing fine so long as no monkey wrenches are thrown in our plans. But if one little thing comes along, all too quickly our house of cards comes tumbling down. And unfortunately, both of our major loans – our mortgage and car payment – have high interest, and the loan terms have been condensed for a quicker pay off (a benefit to the companies themselves, not us since the internet is eating us up!), so we’re paying large chunks each month for our house and car. Both companies told us flat out “we don’t refinance” when we asked about it. I’ve wondered if I should call them back and tell them, “Look, either you refinance, or we file bankruptcy, which will most likely result in us not owing you nearly as much since the interest will be reduced or eliminated altogether!”. I wonder what they would do then…?
Anyway, careonecredit.com has some good topics on credit and debt management. I browsed through a few of the topics, including the one linked above (alternatives to bankruptcy) and credit counseling, and everything I have read so far is definitely food for thought!
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My name is Jenn, and I'm 27 years old. I'm happily married to my best friend and soulmate, Daniel. Together we have a six year old daughter named 
Name: Alyssa
Name: Ryan
