logo

Debtconsolidationcare.com - the USA consumer forum

Forums
  • Latest topic

30+K in debt and out of work for over two years

Date: Thu, 08/24/2006 - 00:22

Submitted by anonymous
on Thu, 08/24/2006 - 00:22

Posts: 202330 Credits: [Donate]

Total Replies: 3


I have roughly 30+K in debt and have been out of work for over two years. Min wage employment hasn't put food on the table, let alone let me pay off my debts. I have never filed bankruptsy and am trying to avoid doing that. Most my debts are credit cards dating back 4-6 years, bad checks debt and school loans. The school loans I'm not worried about since they are small and $50 in payments a month are managable. I don't know if I should ignore the debt and let it come off my credit eventually or make payments. I don't see payments of more than $5 a month possible since I own so many people .. at least 30 companies owed right now. Some of these debts are nearly seven years old and some are just last year and 2004. There are a few mistakes on my credit also that I have challanged but can't seem to get them removed, one is a double charge on my credit as being in debt to one company in 2001 for $295 and in 2001 for $296. It was one of these but not both and I have tried to get one removed but the they say both are valid. Help please with any suggestions. I am not a home owner, so I believe I can't consulidate my debts. Is this correct?



Hi Jamie, welcome to the forums!

First off, how did you view your credit report? If you viewed it online, you can dispute debts easier. If it was mailed to you, then you'll have to request for validation. Either way, disputing the debt will make the reporting agency check to see if said debt is valid.

You can also try writing a validation letter to the companies you owe, clearly outlining your request. There are several sample letters around in the forums (I can supply a sample).

Have you had any thoughts on debt consolidation? Depending on the amount of your debt, this could be an option for you. Entering such a program will help eliminate some interest that is racking up too. If you've requested for a debt consolidator to contact you when you signed up, you'll get a free consultation soon.

Please stick around in the forums too. As all the members are here to help.

Regards
Mike


lrhall41

Submitted by Teleport on Thu, 08/24/2006 - 07:37

( Posts: 1388 | Credits: )


Hi Mike,
I did review my credit reports (three) online and disputed three items or more, two of which were removed because of age and the other two were left on the report. I now recieved copies by mail yesterday because I put in a complaint for possible identity theft. I also had noticed applications for credit that I never requested. I did fill out the form for counselor to call me and hopefully they can answer some questions. Thank you for your help again!


lrhall41

Submitted by on Thu, 08/24/2006 - 15:50

( Posts: | Credits: )