I have over 100k in credit card debt. My house will be probably go into foreclosure soon. I incurred all this debt coz I lost 500k trading stocks. Any advice? Should I file for chapter 13 or try to settle with the credit card companies?

Hi, I owe money to cc companies. I lost my job and left USA. When I left I gave my friend's address to cc companies. Collection agents sent letters to me but I was afraid and didn't respond to them. I sent a letter 3 years ago to the cc companies explaining that I don't have money to pay and will pay them later. Last week police came to my friend's house asking about me. My friend got scared and told him that I was not living there. Will they put me in jail? I am so scared now. What will they do? Does this effect my friend also? Please help me. I am so confused and scared.

I have a PG&E Chargeoff account that's listed as derogatory on my credit report with TransUnion. It was from 2002 when I was living in a house that my mom owned. When she passed away in 2002, my dad took over the property and to reinstate the power, he had to pay money to PG&E for what was delinquent. Would that be considered payment of this chargeoff and how do I go about finding out if it was paid? My dad, unfortunately, doesn't have how much he paid and when. Also, does anyone have the number to contact PG&E about delinquent/chargeoff accounts?

I live in FL, and I have credit card debt and student loans which I have been actively making payments on. The credit card account has been closed for about 3 and half years now. If I just stopped making payments on both of them for 5 years, I wouldn't have to pay either of them back after the 5 years is up? What if either one tries to sue me before the 5 years is up; should I just make no recollection of the alleged debt? If they can, in fact, sue me, how does the SOL actually help? Isn't it likely they will try to sue me within 5 years? Thanks...

As of the end of 2008, I will be debt free. I have two more old debts to pay off but I still need to rebuild my credit. I currently have two secured credit cards as well as my auto loan that I pay regularly that reflect on my credit report...but that's it. Can anyone suggest another method of credit I can get to rebuild my score?

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has anyone heard of paramount collections? they keep leaving me messages.

I received notification through Equifax that a parking citation had been billed to me. I received no cotification and I would like to get this resolved immediatley. The acct# removed for your safety - Goudah. Please advise soon. Thank yiu, removed for your safety - Goudah

Wow, you really have to watch these PDL people! I'm getting rid of all of my payday loans and working w/ the State of MD to do so. When I received a past due e-mail from EZPaydaycash, I sent them my response that I wasn't going to send them any more money. The next day I got an e-mail from them to disregard their previous e-mail, and that if I wanted, I could apply for ANOTHER payday loan w/ them! Anyone else had that happen w/ a PDL company? Needless to say, I didn't take them up on their "generous" offer!

I have to think about this one though, I borrowed 350 and they say that I can settle for 400 :| Im not sure....