 I'm looking for quick money making ideas for cash for Christmas.? |
| I need to find a way to make extra money. I already work Mon-Fri 9-5. Any ideas?... |
|
 If I cut my loan payment in half and pay it twice in a month will I pay it faster and beat out the interest? |
| I've heard that paying a debt 2x's in a month instead of all at once at the end of the month actually pays off your balance sooner and halves the amount of interest you pay that month. I ... |
|
 How long should I hold on to my credit card/bank statements? |
| I have a stack of credit card statements, bank statements, copies of checks, receipts, etc....what is the rule of thumb for how long I should keep this stuff?... |
|
 Joint Account or Seperate Accounts in Marriage? |
My fiance and I are getting married in June 07
He is wanting to have his own personal account that he will take 50-100 out his check every pay period to spend on whatever he wants no matter cost ... |
|
 I want to take a trip to Europe, but don't have the money. . .? |
| I had a friend who got a credit card especially for this kind of trip, how would I go about getting a credit card with a balance of at least $2,000? My credit is good, but whenever I get '... |
|
 Where can I Go to qualify for a $65000 to $80000 Personal Loan?? |
| am young and inexperienced. But I need to take out a personal Loan for $65000 to $80,000 to get out of my Hole. The Problem?? - I have No credit, with some problems of small credit bills not being ... |
|
 Overdraft fee fairness? |
i went shopping the other day i made seven charges on my debit card the seventh charge overdrew me by $42
now i understand that my bank has a $27 fee for an overdraft
but theyre ... |
|
 What's the benefit of an IVA (Individual Voluntary Arrangement)? |
I'm interested in finding out from people who have had an IVA (Individual Voluntary Arrangement) to reduce their debts.
How did it help you?
Has it affected your credit ... |
|
 Does anyone know of any legal ways to get money really fast? |
Additional Details
Thank you all for answering. I do have a job but I also have a huge family and never enough money. I was asking to avoid getting my electric shut off this Tuesday.... |
|
|  |
smcobb99 | Bankruptcy filing vs stop paying? |
What is the advantage of hiring a lawyer for 1,000 dollars to file for bankruptcy? Why not just stop paying all of my bills and let the creditors file? In both cases, my credit will be destroyed anyway. |
 |
 
First Lady
|
You can file chapter 7 on your own actually. If you just stop paying your bills, they will harass you and harrass you and then harrass you some more. Then they will sue you for the money and eventually, the will garnish your wages or put a lien on your property. They will not just simply forget about it. If you can't pay, it's better to just file bankruptcy and get it over with. At least then you'll have some peace of mind. I think you do need a lawyer for Chapter 13, though. |
|
Bob
|
A lawyer can help forestall processes for losing homes and cars.
A lawyer forces the financing company to file suit to remove the automatic stay and proceed with foreclosure/repossession of the collateral.
I had no problem when I filed bankruptcy on my own. I had two purchase money creditors, but they were supposed to record their security interest in MD. If they try to sue, I'll remind them. |
|
mulderlx
|
Can you pay off your debt? If not, file bankruptcy. Not paying is not something anyone should choose, in fact, you never hear someone saying I didn't pay and it was the best decision i ever made. Creditors will put a lien on your property and then you will lose it all before you realize you should have filed bankruptcy. The problem is that when the lien goes forward, you lose your free ticket to dissolving your debt because you will not be able to file bankruptcy after the lien is in place. Don't worry about losing your credit worthiness, perhaps its better you not have credit cards anymore because you cannot control your spending. |
|
noir
|
If you simply stop paying, those items will be on your credit history for a minimum of 7 years. If you file a bankruptcy, you may not end up owing those creditors anything. The BK stays on your credit for 6 years, but then it's like starting all over. |
|
dahublaz
 |
You need to get off your lazy butt and get a second or third job if that is what it takes!!!
I am sick of paying for other peoples bills that they file bankruptcy on. There are a few good reasons, but most of the time it happens because people over extend themselves trying to keep up with everyone else. It is ridiculous!!! |
|
yadayadayada
|
I dont' think you should just stop paying. That's what bankruptcy is for. If you stop paying you can get judgements and liens against your house and other property and it will have to be paid eventually. I'd ask a lawyer before I did that. |
|
Kher
|
You know, I've always thought people who file bankruptcy are waisting their money AND get screwed by the lawyers' advice.
See, the bankruptcy lawyer will have you file ALL your debt which leaves you with NO GOOD CREDIT when all is said and done. And the first guy was wrong about "6 years" that bankruptcy stays on your credit - it's 7 years (in some cases 10 years) like everything else. If you own property then it might be best to file so leins aren't placed on your property, but if you don't own it may not be the best choice. Then again, if you own a home, sell it and pay your bills with the equity.
So, if you decide to just quit paying, you should continue to pay on at least one of your credit lines that you haven't screwed up yet. That way, you have SOMETHING on your credit that is good.
And, just to let you know, creditors - by law - can call you 5 times only. Keep track who is calling, when, and for what. On the fifth time, don't say anything accept "This was you 5th and last time to be able to contact me, don't call again or I will file a complaint with the bureau of consumer fair credit act....". BUT, if the original grantor of the credit sells your debt to a collection agency, the 5 times to call for that debt starts all over. They ARE NOT ALLOWED to harass you.
Now, with all that being said. PAY YOU GOSH DARN BILLS!!!! And thank your parents for not properly preparing you for the responsibility of adult hood. ;) |
|
Drea217
 |
Creditors can also put a freeze on your bank accounts with the intent of taking out the money you owe if they file a judgment against you. Don't just stop paying, file bankruptcy..as soon as you do you are protected under federal law and creditors have to leave you alone. I speak from experience..it was horrible! |
|
nicolekadman
|
Well, for one thing, your creditors will take you to court. |
|
hen d
 |
filing a bankruptcy would damage your credit worthiness |
|
SoCal Attorney
 |
If you hire an attorney and file for bankruptcy, the automatic stay will prohibit creditors from contacting you about the debts or taking action against you. Once the case is discharged, the creditors would be permanently barred from taking action against you.
If you do nothing, the creditors can keep calling you and writing you until the debt is no longer collectible. They can sue you and get a judgment. They can use the judgment to garnish your wages and take your your property. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
11 | 26 minutes(s) ago
| | | |
11 | 32 minutes(s) ago
| | | |
8 | 49 minutes(s) ago
| | | |
11 | 2 hour(s) ago
| | | |
11 | 5 hour(s) ago
| | | |
11 | 9 hour(s) ago
| | | |
9 | 2 day(s) ago
| | | |
11 | 4 day(s) ago
| | | |
11 | 5 day(s) ago
| | | |
11 | 1 week(s) ago
| |
|
Homepage 
Financial
Forum 
Personal Finance 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
