My goal is to take the knowledge I’ve accrued the last 10 years or so and apply it to my local area with regards to investing and fund raising.

We have accrued a sizable equity of over 60% of the value over what is owed , I am steadily and securely employed and make a very good wage that with this would give me the opportunity to restructure everything to be manageable and allow us the time and ability to rebuild our credit and reduce the stress that this pitfall has caused and is not any help to my wife's health.

So these amounts are roughly based on the amount borrowed and interest accrued from non-payments.  

The collection and late fees of $25 and $25 accrued over a monthly basis for 18 months (18 x 50 = 900).I apologize for the use of the word "predatory".

Your losses are passive and will accrue until that property is sold or shows a profit.  

First thing you need to know is how much Tonight al is owed to the bank......not just principle, but accrued interest, taxes or insurance paid for by the bank, atty fees, foreclosure costs, etc., etc.  

Deal held over for almost five full days - charge was $1,000.00/day, $1,000.00 accrued at 5:00 PM daily).

Another advantage of the credit card route is the interest starts accruing when the money is actually spent. 

Also, do you just figure out the estimated cost and then accrue it over the estimated useful life of the item? 

One last thing, I'm currently 24 and I left school when I was 22 to pay off all my personal debt that I accrued from being a not-so-intelligent 18-20 year old with a credit card, a part-time job, and a day-to-day expenses.