Question regarding charge offs
Date: Sun, 01/04/2009 - 07:35
I went through typical hardships starging dec 2006, including divorce, job loss, moving out of state etc,, I have approx 4 credit cards with about 30,000 in debt. 3 are in collections and are 2 years past due. The other is about 1 1/2 year past due. I am in NC and the accounts were started in PA. I know that my wages cannot be garnished. I do not want to file bankruptcy as I am making sufficient money now but need the extra to live on. Any suggestions on debt settlement/negotiation companies that are reliable and that have worked? Should I contact the CA and try a settlement since by now they will probably take a small amount versus nothing. The companies have not contacted me and there is no judgement on my credit report. Certainly if they wanted to they could find my new address. From my divorce and this, my credit is obviously horrible. I do not have a bank account in my name, no assets, a car that has 3 more years on the loan, and so I am pretty much judgement proof-which is why they may not have pursued yet. Just looking for advice. Now that life is coming together, I don't want this over my head any longer.
Please go through the following page if you want to settle your
Please go through the following page if you want to settle your debts by yourself: -
Do it yourself Debt consolidation, Settlement and debt management
You can also go for debt settlement program with a professional and good company in your state. It can decrease your debt by 40 to 60%.
Please do not for a moment think that you are judgement proof.
Please do not for a moment think that you are judgement proof. You yourself stated "Now that life is coming together, I don't want this over my head any longer" - that's the best reason for them to pursue a judgement.
