Student Loan Debt Consolidation California

Student Loan Debt Consolidation California

I am in debt, should I ignore those creditor and collection calls; file bankruptcy; or try to repay the debt?

I am a 24 year old in California that is currently unemployed. I am a full-time student and have less than $1,000 coming in every month. I have around $15-$20k in unsecured credit card debts that I have not payed for 6-12 months. I also have a secured car loan of $25k, but fortunately, am able to pay that every month on time. I get phone calls everyday, but have ignored all of them. Since my credit has gone down the drain, should I still ignore those phone calls and have my debt written off? Or should I try to speak with the creditor/collection agency and attempt to repay it? Should I consult with a debt consolidation agency? Lastly, should bankruptcy even be an option for me? I would be appreciative of any advice given...thank you!

i dont think it will be that easy thats a lot of money you owe maybe try to negotiate with them.....

Foster Home Uses Pay Option Mortgage Loan for California Refinance

A Pay Option Mortgage Loan allows the complete flexibility to decide, every month, which of four mortgage payments you would like to make.

This program is ideal for anybody that has fluctuating income such as the self-employed. Pay Option is also an excellent choice if you are looking to buy a new home and want the lowest possible monthly payment, or if you simply just want to lower your existing mortgage payment.

The Pay Option Mortgage is a relatively new product that allows you four payment options each month.

1. 15 year payment- Pay your loan off and build equity faster as well as save thousands of dollars in interest

2. 30 year payment- This option will let you know how much to pay to have your home free and clear in the standard thirty years

3. Interest only option- This option allows you to pay only the interest portion of your monthly payment so you can increase monthly cash flow

4. 1% Minimum payment-This option allows you to pay your mortgage at a 1% rate of interest for maximum savings

The Pay Option Mortgage is the absolute best adjustable mortgage product available today. It has built in features that protect you

from the typical worries associated with an adjustable rate mortgage.

One is the fact that your payment cannot increase more than 7.5% above the previous year for the first five years. Another gives you the option to convert to a fixed rate mortgage after the first three years. With these features in place you can rest easy with your new adjustable mortgage.

Here is an example of what a Pay Option Mortgage could for you

Estimated Current Monthly Payment - $1663.26

New first year payment - $833.13

Estimated increased monthly cash flow- $830.13

Estimated increased yearly cash flow - $9961.52

Disclaimer-First years interest rate 1.25%. Interest charged at 3.45% for the first month. APR 3.74% subject to increase monthly. 30-year loan.

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