Greetings to all. Going to try and keep this short, had bought a car back in 1986 with help of the bank, went through an ugly divorce in 1990 that wiped me out and then some, even ended up homeless and it took years to get back on my feet. Needless to say, couldn't make the car payment and defaulted on the approximately $1700 I had left to pay on it. Car had broke down in 1990, couldn't fix so I wouldn't be surprised if it is still sitting at the repair shop rusting away.

For the past 2 years I have been playing a very dangerious game that I can't seem to get out of. The get money quick, $500 in your account overnight, cash advance, quick payday loan game. It started out innocently enough with trying to pay an electic bill then blew up to become something that I am ashamed to say that I am now dependant upon. The first time I needed the money I quickly re-paid the loan and it was easy enough.

Is there a $$ amount that works as a guideline for filing Bankruptcy? Also what types of debt fall under the bankruptcy? :?:

I recently joined and am trying to make a new start for the New Year with my debt and credit problems. I have never owned a home but have tons of other debt Any suggestions on where to start with debt consolidation. How do you know when it is right. :cry:

I don't know why I put myself in such a panic with mypaydayloan.com today. The guy just irked me on the phone. I'm not running away from the debt. I am trying to do the right thing and pay the debt through my consolidation company. My counselor will get ahold of them and go from there. I also receive a voice mail from someone else in their collections department trying to verify the debt consolidation company's phone number. I left it on their voice mail. I'm glad I contacted the FTC today to find out they do have to abide by my state laws.

my first post, im 22 and im currently a painter making 1300/ month.I currently have some debt that i need help working out. My story is this. i have a auto loan for 10k which i pay 194/month. i have a credit card of 3k, another credit card with 500 and another with 500. on top of this i have other bills, insurance, phone.... I would like to know what i can do to minimize payments or consolidate my bills. i plan on purchasing a home with my bro in the near future and would like to know what to look for. any help would be great.

I wrote to the FTC regarding Asset Accetance and here is their reply... This is in response to your recent complaint to the Federal Trade Commission. The Fair Debt Collection Practices Act prohibits unfair, deceptive and abusive practices by independent debt collection agencies. It gives you certain rights against such agencies and applies regardless of the circumstances of the debt.

Does debt consolidation affect your credit if you have good credit when you start.

Okay, since I've been having problems with mypaydayloan.com. If they reach a payment agreement with my debt consolidation company and accept payments, can they turn it over to a collection agency wanting more money? If so, what are actions that I can take?

Does debt consolidation hurt your credit rating if your rating is good when you start it