Failed to file bankruptcy, no money left - need advise
I have 5 credit cards with around $20,000 due. But I was forced to take these cards, trust me. It's true that I'm a grown up and have the ability to decide what suits me and what does not. But these card companies are like glue you know. They insist you such a way that you are compelled to take one.
Okay, I've lost my job 3 months ago and passing through a hard time. These card companies have made life hell. Two of them are under collection even.
But unfortunately I cannot file bankruptcy, because I cannot afford the charge for credit counseling or the other expenses that are imposed on the applicants. Any advice is appreciated. I cannot get payday loans since I'm not employed
Don't even think of payday loans at your present situation. They
Don't even think of payday loans at your present situation. They could be proved fatal to you. Go through this forum and see what others saying about payday loans.
I really feel for you. This is the problem with these credit card companies. They just try to push their product anyhow. But it's already late to think all these things, right?
I think you should go for consolidation. I am assuming that you have only credit card debts. You can place all of them in the consolidation program.
This site provides free counseling, so you need not pay any charge right now.
Bankruptcy is not suggestible at all. It has long lasting effect on your credit. On the other hand, once you enter in the consolidation program, your credit is likely to improve gradually.
You can fill out the sign up form of this site to get a free counseling. Best of luck.
As you have this debt occurred in your name, you will have to pa
As you have this debt occurred in your name, you will have to pay it in order to improve your credit view.
If you leave this debt unpaid, harassing calls from the CA's and the creditors will continue and some of them might even think of taking legal actions against you.
It is better to pay them off in easy monthly installments rather than shifting it to the next month. Later, when you get a job, you can pay more towards the account. The point is to make a good view in front of your lenders. If you take this responsibility from now, they might include you in their good books.
Contact the lenders and explain them about your financial situation. Show them your willingness to pay the said debt and you will be offering more when your situation improves.
Since the lenders are also interested in getting their money back, they will offer you some benefits. Keep your accounts active with the creditors. This will also give you the advantage of keeping the rates of interest down. Otherwise it will be immensely higher in the later period.
If you hesitate in negotiating with your lenders, request for a free counseling in this website. The counselors will do the best for your comfort.
credit card debt and the court
i owe 11,000 dollars on a credit card and they have filed a suit against me, now what?
Hi Lr, Welcome to the forums. I will suggest you to contac
Hi Lr,
Welcome to the forums.
I will suggest you to contact your creditors and settle the matter outside the court. Make some payment arrangements because you will have to do this even if the matter is taken to the court. If you can make arrangements with your creditors outside the court, it will be more than helpful.
Or, you can think of filing chapter 7 bankruptcy and discharge the credit card debt. But before you decide to do this, I will recommend a debt counselor to talk with you. He will show some possible ways to curve these problems. Please enter your contact information at the sign up page and seek professional advice.
Regards
Roxette
"These cards companies are like glue on you".
for young people is really true what they do.when i was in la guardia community college,i saw they offer cards for students very young.i thing this is a crime.i saw people on tables offer cards to young people.i see how they insist give cards to my husband that is mentally ill and blind.i dont have no more credit cards with him and all credit cards he has are full.he uses to pay other credit cards.he pays every month all credit cards.i put in the carbage many invitations for credit cards.other day they offer him a credit card and he was outside of home and i told them a whole history about him,about everything and they hang up in my face and give a credit to him.i cannot go to bankrupty in his name because he dont want and i cannot be his guardian because he thinks he is okay.i never uses his cards for buy things for him or for me.he pays bills with them.my family have to give me money for everything and i really think like the boy "looser"that is not a looser he knows already to be careful with these people of credit cards and dont take them anymore.when you see a man like my husband talk to this people you dont believe they give a credit card to him and they give.i m tape everything and i go to proof if i need one day,who is doing the monkey business.
loser guest is a winner guest
sorry about my english and i want the best in life for you. you not a loser but a winner guest.