Okay we are newly married going into my 3rd year of marriage, everything is going well except for are dept we both had dept before going into are marriage, but it's really starting to cetch up with us I owe a student loan it's about 6,500 and it's in collection we can not make any payments on it right now, because we pay $320 a month on his loan which is in good standings, $300 a month in child support with a child he had in another relationship before me, we pay $300 a month in car insureance, not to mention rent, heat and hydro, phone, we also have a son so all the stuff a 2 year all needs off bottles but still in diapers and he grows like a weed so clothing and are bills are so behind we don't know what do to or where do turn and it's getting really stressful... my husband last year made $47,000 but we just can't seem to get out of dept please help us on what we should do and how can we get out of dept and live a dept free live

If I knew what state you were in it might help. But things you can do to streach your $$$$. Buy your sons clothes at thrift stores or consignment shops as fast as they grow you can find very nice clothes cheap. I do that for my G-daughter. Also take his old toys and clothes to a consignment shop and you will get paid when they sell. Consider re-evaluating your current insurance to see if lowering limits will lower your bill. That could be money to apply to the outstanding loan. When you get your stimulus check don't apply it to the outstanding loan all at once. Bank it and make monthly payments from it until you can get on your feet better. A one lump payment does very little in the long run. You maybe able to establish a good relationship with the collection company by doing this. Be kind when you call , inform them you are attempting to pay and will they reduce the interest. Next do not make a settlement payment with the collection co. You will have to pay tax on any written off amount as earned income at the end of the year in which it is paid. Good Luck

Sorry to say but I don't live in the us I live in canada, ontario so maybe at this point I know you might not know what to do there... I know buy's clothing at second hand stores and getting ride of some of my son's toy's are a great start but we really need to do something faster acting then that it's getting to the point of us probably going to have to file for bankruptcy I know I spelt that wrong sorry, but if we don't figure out something soon I don't know what we are going to do or where we can turn anymore, and we both don't want to have to do that... 7 years is a long time to have bad credit if not longer than that... any other thoughts from anyone on what else we could do fast to help us out?