 I'm 22 years old and owe about 33,000 in debt, should I file for bankruptcy? |
| I'm currently 22 years old, never been marry, I owed about 23,000 in credit card debt and about 10,000 in collection. Should file for bankruptcy? and how does it affect my credit score in the ... |
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 I AM in USA and a U.K Credit Card Company has issued a CCJ in a Uk County Court,I have heard nothing since.? |
| Former UK Resident,Debts Unsecured and have been in arrears for 3 Years now.I have heard nothing from the Court.... |
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 Paypal is asking for a copy of passport, driving licence and identity card??????????????? |
why is this? and has anyone else had to do this.
Additional Details
I KNOW ITS NOT A SCAN AS ITS ON THEIR SITE ALSO WHEN I LOG ON.... |
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 Is this a scam? |
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| Okay, I had a credit card a while ago. To put it simply i went way deliquent. I got ONE letter saying that it was going into collections. I'm aware of this. Now im trying to wait for my stimulus ... |
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 I accidentally signed up for a credit card. what should i do? |
the other day i went to Canadian tire and there was a lady there giving out cards that said you get $10 off gas and i blindly signed up. but as it turns out it was for a credit card!!!!
what ... |
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| OK, so here's the deal. Say I wanted to get a credit card. Then I would get an online user name or something with, for example, American Express. Then, when I logged into my account, could I ... |
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 Does anybody know where I can apply for a credit card with bad credit? |
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i don't have bad credit because of credit cards i have bad credit do to some hospital bills i was unable to pay.... |
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 What the point of having a good credit score? |
I always thought it was just a good idea to stay away from credit cards period. But my friend told me you can't buy a house without good credit and other stuff like that.
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| My math question says that a woman has a weekly gross salary of $590.20 and a take home salary of $464.90. what does that mean?... |
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 Credit Score!? |
| How much does canceling a credit card lower the credit score?... |
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 In need of a loan? |
| I have been involved in a loan scam which put me behind in my bills now i'm in need of a $3,000 loan that will give me a fresh new start. Does anyone know where I can apply at? I have tried ... |
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 Are you worried about the credit crunch? im 16 and it doesnt seem to be affecting my family directly.? |
it seems over exaggerated by the media, am i wrong?
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were not rich...lower to average income. we just know how to SAVE money, unlike some...... |
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 Need a bad credit unsecured loan of $5000.Not payday loan.Help!? |
| wife went on long term disability and we were forced to borrow from family and payday loans (big mistake) to make ends meet until SSI started paying her benefit.Transition took five months from her ... |
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 Help! I lied about my age to get credit!? |
| I am 16, 17 in a week, and I already have 4 credit cards (one platinum, one gold, and two classics), a cingular cell phone account, a Dell Preffered acccount with $2,000 line of credit, and a credit ... |
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Jennifer B | I can't pay my credit card bills and they won't stop calling.? |
I am unemployed. It has come to the point where I am behind on 9 of my 17 credit card accounts (I am in debt to four banks, as I have multiple accounts with three of them). I am getting about 20 calls a day from these people. Household Bank by itself called me no less than 18 times on Friday. I set it up so they only call my cell and then I keep that on silent most of the time. I don't answer because it would be a waste of my time and theirs. I have been told that I need to be working to file for bankrupcy. Also, my parents put my name on one of their bank accounts in case of an emergency. It is not my money. This is a large account (about $40,000). Would this prevent me from filing for bankrupcy? I would go to my parents, but they would not understand. They do not believe in being in debt and would never let me live it down. I really don't know what to do. I might have some money soon from doing freelance work, but it won't be enough with late fees and over the limit fees.
Additional Details
I am seeking work and need the phone for my job search. I got laid off and haven't had much luck in finding another job. |
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amy
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While it may seem pointless to talk to these companies, you need to answer the phone!
I went through a similar thing about a year ago. If you never answer your phone then the companies will assume you are not paying them back, and go after your credit. It seems scary, but if you get into contact with them at least they know that you have the intent to pay them. You can set up a different payment plan that suits you. Companies will work with you!
Don't declare bankrupcy until you consult a professional.
Good luck on your job search! |
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Shannon D
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why in the world would you have 17 credit cards? thats nuts....I am 27 and never once had 1 i think if you cant pay for it with cash then you dont need it..anyways to answer your question change your number and get it unlisted |
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Rachel M
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Why don't you get employed and work out a payment plan with them? |
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Tammi D
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20 calls a day? how can you afford a phone?
why did you borrow the money if you can't pay it back?
you're living beyond your means.
why would use credit cards to amass a large debt, since their interest rates can be almost as bad as the loan sharks?
get a 2nd or 3rd job and start paying your debts.
your parents' $40k won't solve your problems and neither will bankruptcy. |
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Jill S
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I would definatly speak to a free lawyer about bankruptcy. I did a chapter 7, and the same as you, had a bank account with my mother. Her name appears first on the account, so when they pulled my files about all my bank accounts by using my ss#, that account with my mothers name on it first didn't show up. Nobody ever knew about it. I only had a couple of hundred dollars in this account, but nobody ever saw it. Ask a lawyer about this. Doing this ch.7 was the best thing. I sleep at nights now and can actually afford to buy food for my children. Please feel free to email me at hansjill228@optonline.net if you need answers to anything about this. Good Luck . Dont give those #@@#$$ companies anymore of your hard earned money. |
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khalilkyd
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Hi,
You must remove ur name from ur parents' accounts
immediately . Ur creditors are not interested in seeing
you bankrupt . It is doubtful if they will sue you for small
amounts because of legal costs. All they can do is harass
you and place you under pressure. Be strong until
you get a job.
Good luck
Rgds.............. |
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girlwhoknowsitstrue
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First, you can tell them to stop calling, and by law they have to.
Put it in writing, and the calls stop.
BTW, the $40k can be tapped as part of a bankruptcy - if your name is on it, it's considered to be your asset. If they take it off, it will look fraudulent, so the best thing for them to do is to take the money out and put it in an account that your name is not on - and do that immediately.
Instead of writing your parents off, perhaps you can seek financial advice from them on how to handle the problem. So they won't let you live it down, but do you think they want to see you living on the street? Better to play it honest and take your lumps now. |
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Paulus
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You need legal advice. I believe there is free legal help available for people like you. Also ask someone you can trust like a teacher, professor, clergyman. You are certainly not alone. Please get the help you need, and hopefully you will get employment so you can eventually get back on the track. Good luck. |
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M L
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Get as much work as you possibly can, to start making payment plans with them... even if you only send $10 a month to each, it will show that you are making an attempt and hopefully slow down the calls/harassment. With that money tied to your name, I highly doubt you can do bankruptcy. That means, call one of the consumer credit counseling services and set up payment plans through them, to make it easier. They can normally talk the creditors down a bit as to what they will accept as payment -- however, you MUST make regular payments, even if they are quite low. You can't just ignore creditors - you owe the money, they don't owe you anything, and by not paying, it just makes them increase their interest rates to the rest of the world who pay their bills on time. |
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richard t
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first close out your credit cards....now.....................
then call one of those counsiling services and get some help.......................if u have 40K, they deserve it,,,,,,,,,,,,,,,you overcharged................ |
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Joe Private
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Watch the movie The Pursuit of Happyness. It will explain everything.
In the meantime, start using your credit cards to pay off the debt. |
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bevrossg
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Go to daveramsey.com and follow his plan. All of this credit problem is solvable. The book is available at the library. |
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LADYPRINCEZZ
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I may be wrong so you can look into this option but I have heard that if you talk to them sometimes you can settle the debt for a lower amount so when you began to get paid a little you can call one by one and see if they can settle. You can also consolidate. As for the calls get accustom to it or change your number but eventually pay the debt it much better off that way. Hope you find work soon. I know that must suck. |
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Free Thinker
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Look, I don't condone not paying your bills but If you are in a cash crunch situation then you have to do what you have to do. They charge plenty of interest and they will wait!
You may want to check the caller ID before you answer your phone or unplug it.
Before you pay off those credit cards with your "hope to be" money I would talk to the credit card companies and see if they will renegotiate the fines and/or interest with you. Only pay off the ones who will work with you and let the others wait until you are able to get them paid off. |
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TONY S
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To qualify for all those cards and that high a credit ceiling you must have been making serious money.
They don't just give credit cards out...you have to be judged worthy for it; and the amount they allow you to have is based on your worthiness too.
So, you must have had a serious income.
I'm sorry to hear you were laid off, or fired, or whatever the case was....you need to get a job asap.
Then you can qualify to file for bankruptcy. |
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Don Ji
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d/c u'r cell, get a job, file bankrupcy |
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Gershom
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Tell them you're unemployed and that you'll pay it when you can. Sometimes credit cards will have a special plan where they'll even pay your months bill for you ( minimum balance ) in life emergencies ( accidental deaths, unemployment etc. ) Get a job and get out of debt. I don't know how much your debt is, but cut up your credit cards NOW! Seriously 17 is WAY to many i've had 2 for my entire life. for future references,don't spend what you don't make and can't pay.
consult a lawyer and consider filing bankrupcy if its a really big debt. 17 cards is HUGE!
If your name is on that account take it off! any assettes your name is on, can be repossessed and taken to pay off of your debt.
tell them you're unemployed, and will pay them when you can. Then change your number and don't put the phone in your name and they won't track you. My lord, I went into unpaid bills after my first daughter and just the 1 or 2 calls a day was enough to send me wild, but in the end they're just people trying to get paid. Most couldn't care less if i paid or not, just were doing their jobs. Some were REALLY rude. But eventually they stopped calling and thats about the time I FINALLY paid them off roflol.
Good luck with your parents, thats a tough one. How old are you? Try to repair your credit and pay them off, i'm really happy I did because Its just about time for me to buy a house and you don't think about needing credit when you're young and charging everything but 10 years down the road, it became important to me. So try and repair it, consult a lawyer about a bankrupcy and see if its an option for you. Sounds like it could be.
oooh! try and negotiate a deal with the credit cards. Thats what I did for mine and they reduced the interest by like 2/3's for real! i ended up paying only the balance I was due by the time we "settled" they literrally took off all of the interest just to get paid :)
go for it! |
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nameless
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When they call ask who it is and when they answer say " Oh I am sorry, I think that they have left the country for a few months.." That seems to keep them at bay when I do it... |
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JustinLeon
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Change your phone number. |
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