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 Posted: Mon Nov 20, 2006 10:27 am Subject: The story |
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Okay, so basically I moved out from my Mom's house almost a year ago. My job was paying decent money; but after I moved out the market slowed, and they changed my pay structure to soley commission. Times became even slower and I started to fall behind on bills because I was not making enough. They I pretty much got switched from payroll to 1099. So now I am an independant contractor, and my bills are way to high. I can't afford to pay them. I want to; but there is no money to pay them.
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aprilvigil
Joined: 20 Nov 2006
Posts: 1
Debtcc Points: 45
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| Posted: Mon Nov 20, 2006 10:40 am Subject: |
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April - since you have registered with the site, a credit counselor will be contacting you shortly to discuss a plan of action on your debts and to offer you some help.
Welcome to the forums, keep posting and keep us updated on your progress.
Best wishes!
_________________
A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
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SUEBEEHONEY70
Moderator
Joined: 12 Oct 2006
Posts: 4390
Debtcc Points: 61073
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| Posted: Mon Nov 20, 2006 10:40 am Subject: |
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I am sorry but you need to have some money to get started with a debt management program. (Please don't take it personally. This is just a general insight.)
If this sounds tough, you may exercise the bankruptcy option. But before you do this, I will suggest for once that you go through some credit counseling. Even the new bankruptcy laws have also made the credit counseling compulsory. You will have to qualify in the means test before your debts are discharged in bankruptcy.
Talk to a debt counselor about your situation. He will figure out any appropriate plan or direct you towards bankruptcy. You cannot have all the debts hanging over all the time. Creditors may also take legal actions because of your defaults. If bankruptcy is the only option for you, take it positively. I pray that the counselor works out something better for you.
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GunsNroses
Debt Samaritan
Joined: 08 Jun 2006
Posts: 494
Debtcc Points: 7991
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