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Hi. I am currently a senior college student and I made a horrible mistake during my senior year in high school to go to an expensive out of state school. My dad signed for a parent plus loan which I didnt think we would have to repay until graduation. We borrowed a total of 30k from sallie Mae ( and has now been bought by Pionner Recovery) and our loan have recently went into default because my dad had became unemployed for the past year and my family is currently living on food stamps.

I've got about ten thousand dollars in debt to various places, mostly due to my bungling when I was younger, and now that I'm settled with a good job I'd like to get it all cleared up. The problem I have is that I can't afford to keep up with the interest rates, which mostly hover at about 24%, and it's rather inconvenient having to send out seven checks every month, so I'd like to get a debt consolidation loan.

We currently have bill collectors calling on a daily basis along with receiving collection letters in the mail. We have retained an attorney and will be filing Chapter 7 in October. What happens in the mean time if these creditors take us to court and we can't pay them anything? On average we have $30 in our checking account on any given day with no savings. We have to wait until October to file so we can show 6 months of decreased income. We literally have just enough to get by with our living expenses and mortgage and car payments.

I am suppose to start paying Magnum Cash Advance $113.00 every two weeks starting tomorrow. They have me on a payment plan for 10 pay periods for the same amount. Now I asked to send in a money order but they say they can only accept Western Union or Money Gram. I know that this company is Illegal in a lot of aspects so should I go ahead and start paying them that amount...or risk not paying them and see what they do? I have been told that if I miss a payment it is going straight to a collection agency. I originally borrowed $896 dollars and have already paid back $371 dollars.

My Chase account recently got bout by Creditors Interchange... they are telling me that the are the representative for Chase bank, and have offered to take 30% of the balance. I do have the money, to pay them, and they said to make the payment to Chase Bank. Is this a legit company? If I send this check is it going to resolve my debt with Chase Bank? I'm afraid I might get scammed, pay 5K, and still live with this debt. Someone help!

I have only two credit cards. Niether one of them have a very large credit limit. But both are maxed out. One is at $350.00 , ( 2nd. ) @ $ 250.00. Plus I have had to go and get a few payday loans with extremely high interst rates ! Equaling to a total of about $ 800.00 . I had no other options and needed money quick to get out of a serious bind. My personal debt is only around $ 1500.00. But the payments are keeping me strapped , adding upto about $ 200.00 a month. This only leaves me about $150.00 to live on for the month after two paychecks from my full time job.

if i file ch 7 today, how much would my credit score drop? how low can it actually go? i've been laid off and its started to tank around 620ish and quickly falling...any ideas???

I received a message today at work from a "Ron Anderson" at 415-200-0268. He said that I had to call him immediately or else he would hope that God would bless me. I called back the number, but it was a fax machine. I saw from a couple of google searches that this number is connected to a debt collection scam. My question is whether anyone else has dealt with this, and if so, how long it takes for it to stop, do they call employers or references, what can I do to protect myself?? Thanks!

My initial account was with Chase for only $500.00. How is it legal that this account was closed years ago, with my making payments on this account over time and I am still being sued for $5,000?

we need HELP!! we are 57 yr old disabled couple who need to file bamkruptcy but cannot afford an attorney. can anyone please advise us what to do , we have health issues money is being demanded from us we dont have.. PLEASE The creditors are going to give my wife who already has a heart condition a stroke! we explain our situation and they tell us what they want us to pay! please all advice and referrals appreciated.... we live in florida..... god bless all and this site too..... ken :?