Need advice with what route to take, im lost.
Date: Sun, 04/10/2011 - 22:54
I'll start off by saying im 24 years old and live in minnesota. I don't want to give a sob story so i'll try to just give facts.
I've been working since i was 16, and although live at home, have supported myself financially ever since. I'm so overwhelmed with whats going on i really don't know what to do. My ex girlfriend of 5 years whom i lived with for 4, had bad credit when we got together. Most anything we got went into my name.
Fast forward 5 years to now. I'm 23, we arent together and im left with this huge chunk of debt. She was doing all the bill paying for years without a problem and then a year or so before we separated she just kept spending and hiding debt. For instance i was going to a chiropractor because i was under the impression i had insurance. 2 months later i get a bill for 400.00, i ask her. She finally fesses up that she hadnt been paying my medical insurance. this i came to find out later when i started getting letters was a pretty often occurrence.
At this point i owe 11k in student loans which just recently went to collections. I owe maybe 500 to orchard bank, maybe 1000-2000 in chiropractor/hospital bills. Those are just the ones i can think of. Honestly i have no idea how much debt i have, who holds it, and i dont know where to start.
Growing up my parents were always and still are financially irresponsible, utilities being shut off, getting kicked out of apts, etc. ive really never learned how to manage my money.
The worst of it all, last week i received a summons for a 3000.00 credit card that she said she'd help me pay back, and i guess just fell through the cracks with all the creditors calling me all day. im 23, i literally have no idea what to do. I dont know if i should file bankruptcy, or what. As mentioned i cannot borrow money from any family, and as you can imagine my credit score is horrible.
-Brett
Hi! Welcome to the forums! As the accounts are in your name
Hi!
Welcome to the forums!
As the accounts are in your name, so you have got into such a mess. Don't make the same mistake with your next girlfriend. You have to find out ways to repay the debts. Glance through the following pages to know how to eliminate debts:
http://www.debtconsolidationcare.com/debt-reduction.html
http://www.debtconsolidationcare.com/elimination.html
You have to give a reply to the summons. Don't depend on your ex-girlfriend. You should try to settle the debts before the court hearing date. You can also consult an attorney regarding this issue. Bankruptcy is your last option. I would not recommend you to file it now.
Thank you for the reply, I'm fully aware since the accounts are
Thank you for the reply, I'm fully aware since the accounts are in my name I'm responsible. I haven't counted on her for a good while. But by the time she left the damage was done and I guess I got so overwhelmed I ignored it. Like how you don't go to a class for 2 days and don't wanna go back in fear of what they'll say.
I was under the assumption that once the debt had reached a lawyer and I was summoned. That they are beyond the point of negotiating and settling? Further more I'm assuming they'll want a lump sum. If I had a lump some of cash sitting around I wouldn't be in this bad of a position.
I don't think that the debts are beyond negotiating or settling.
I don't think that the debts are beyond negotiating or settling. Why don't you contact your creditors and work out a payment plan with them. Creditors may agree to offer an affordable repayment plan after hearing your case.
called capital one, they referred me to the "debt collector" Th
called capital one, they referred me to the "debt collector" The number i called was for an attorney. There was no answer and the message said to call back if i didnt get through. so thats what ill do i suppose.
Does anyone know of a good debt consolidation company. They are
Does anyone know of a good debt consolidation company. They are all so pushy
If you search this website you will find posts from others stati
If you search this website you will find posts from others stating which companies they have used. Depending on the amount of total debt you have will depend on a bankruptcy or not. You can also pull your credit report once a year for free. If you've not already done that, you should. It's really sad that your girlfriend did this. Credit is so important to have and when you lose it, it can effect everything you do. I have horrible credit, it was runied due to a previous marriage and it effects so. We live in a credit based society. Car insurance is based on your credit score, opening a checking account at Chase Bank is based on your credit score, etc.
