I've stopped paying my CC, what can I expect, and should I just file Bankruptcy? related questions

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I've stopped paying my CC, what can I expect, and should I just file Bankruptcy?3Tha2012-09-11 21:43:04
Someone please help me solve this. I've been out of work for over the last two years. I recently started a job and I'm doing just enough to live on and has gone with a friend to save costs. I had perfect credit until now ... only 2 months I lost my first two payments on my credit cards and have not made a payment since. At first I told the CC company that I was not able to make a payment for a few months, but now I see that I have enough money to make a payment at all and I do not see that kind of money again in my current job . I see no possibility that higher pay, and believe me I've been applying for the past two years. My debt with the two cards is 20 k each, with a total of 40K in debt cc. Also I have 14K in student loans on top of that, what I just caught up payment. These debts are all school expenses, I thought I would be able to pay them off soon after school, but, but was not able to complete the program. My question is this ... if I do not pay my cc debt, no home or property, and my car is a pileup, have no dependents, eventually going to happen? I am already being called 13 hours a day by collectors and it's only been two months. Would it be better to simply filing for bankruptcy? My income was 43K 3 years ago, and now in the last two years have been a total of 15 K (mainly won the second half of 2008). If my credit is going to ruin anyway, why not just file chapter 7 bankruptcy if I have no way to pay in the next decade? Bankruptcy seems my only option, but I know I'm desperate and I hate to do something as drastic if there is a better way ... I just need to know what the best way is and what to expect. Please someone enlighten me. Thank you!
Can I file for Bankruptcy to keep from paying student loans?0Rica2012-09-29 13:32:02
I graduated back in September 2010 . My student loan principal balance is $ 49k . Im about to consolidate, my 6-month period of grace is just finished so I'm almost ready to start making monthly payments . Someone said to declare bankruptcy and they will take care of the loans . I told them that is for people with large debts who want to get rid of, I am not in debt have not started making payments yet, but is this right person ? Plz legal advice or just serious about your answer , thanks
What would happen if i stopped paying for a car?3Nastia2012-11-05 15:55:02
What if I leave my payment has been taken by a car that was volunteer completed almost a year ago , the car loan was canceled when they took the car back , but then I said that was part of the monthly payment of a personal loan and payments have continued what would happen if I just canceled it in the bank ?
I finance a car for a friend, his name is not on the loan, he is got the car but he stopped paying,?14Shirley2012-09-10 16:10:02
now I have to pay for the car , but what I can get it back?
Stopped paying credit cards for 7 years??!!!?2Njeri2012-10-27 03:36:02
I recently learned that my handicapped brother had gotten about five credit cards for seven years. He made a very poor choice of maxing them all ( a total of ten thousand or so) and then not pay a cent for them . He said he called for the first year , but now they have contacted in the last six years. So I guess they are definitely a kind of collection agency. But I wonder why just stopped trying to get the money . Each card was only in 1500 that maybe therefore is that it is a small amount stopped trying ? It would not be hard to find, so I can not imagine why they were not seeking repayment of what you owe. He's never going to need a loan , credit or, for that matter considering his disability and how it affects your life , so it has no intention of making a payment and seems to think that everything just let it go . Have they ? What will happen if you continue on this path ? Any suggestions or advice would be greatly appreciated.
My sisters ex husband has stopped paying alimony?1biti2012-10-16 06:33:02
My sister divorced because she found someone else . MedlinePlus MedlinePlus Basically the house rose , children and gave the car , it was a nice thing to do , as it could have been . MedlinePlus MedlinePlus Basically , she has no job and is dependent on him to repay student loans for women's studies , as well as child support and alimony . MedlinePlus MedlinePlus Has failed to pay child support as well. MedlinePlus He says he is barely able to pay for your medicine . BS . It's called insurance . I should get some MedlinePlus . MedlinePlus I have really wanted to turn around to wherever the hell it is and kick his . MedlinePlus *** MedlinePlus My sister wants to know if there are legal options for this?
What would happen if EVERY person in the country stopped paying their debt all at once?2grouse2012-11-05 12:48:05
It seems that the debt is the American way of life today, and it seems to be getting better in the future unless drastic changes are made in our country . If the figure averaged over all U.S. households , the amount that comes to over $ 120,000 of debt per household . When 1 in 3 Americans have no savings , how do you think that many will be able to pay off your debt ? MedlinePlus MedlinePlus Many people will be in debt until you die , if you just make the minimum payments . But what would happen if everyone , all at once , stopped paying her credit card, mortgage , auto , and student loan payments ? Forever? What could I do to banks ? Can they really make their homes all at once? And have 60 million families homeless? There are not enough police to enforce that. Do repo men towing millions and millions of cars away at once? Not enough repo guys do that . The big banks really could not do anything if the entire population rebelled and stopped making payments on the debt for good, the banks would collapse because they make huge profits on interest and late fees . It may not erase the record of debt , but it would be impossible for banks to enforce anything if everyone rebelled at once. MedlinePlus MedlinePlus This idea would only work if literally everybody did. It would not work if only a few families did. It's time to stop being a slave to the big banks. It's time to stop being afraid .
My brother stopped paying his car loans.I'm also on the loan. Just bought a house.?5Lincoln2012-10-24 19:25:03
I can not afford to pay their monthly loans . Both are on the loan . He did pay for the last 18 months. What will they do now ? Can they forced me to sell my house ? My brother has really bad credit history , so you can not refinance.
I stopped paying my car loan, and I still have a year left, it supposed to be repo'd, can I still pay it off?1SHAREEN2012-09-19 17:06:03
I stopped paying my car loan due to financial difficulties and have not paid , say , eight months . Repo Men have been looking , but I'm hiding somewhere discreet. I have one more year on the loan. ? I can pay the remaining balance and not get hit credit ? Will you continue in my car ? ? I can be taken to court and sent to the dwarf ?
How do I file bankruptcy in Southern California and what type should I file?0Meli2012-09-18 16:33:06
Hi. MedlinePlus MedlinePlus I have a very good credit score. I've never made a late payment on anything in my life. However, I am anticipating disaster and see no way out of it. My debt is about 17K in credit cards and student loans about 10 km so that a total of 27K. I'm not worried about student loans, and I'm at school and what they are currently "on hold" until the end and when I am expected to pay them only as $ 110 per month for ten years. But my credit cards are getting worse and worse and the only way I can make myself stop relying on them is to kill them. Unfortunately I have almost zero income (about $ 400 per month) and I'm in college and living with the mother. I have 24 years. This is very sad, I know, but I think it has to present soon. It's a shame because my credit score is 720. I just leased a new car, which is under my name, but again, the family supports me. So ... I think I should file for bankruptcy (Chapter 7 is what I'm thinking) and just live off what I make for thew next ten years. I have nothing of value, and in the morning the lease for my mom, and also want to know if they will take my car when and if the. MedlinePlus MedlinePlus Please know that everyone says it is a "last resort." I'm seeing it as such. So if it comes to this, what is the best way to go about filing and hoe much it will cost me financially and also how long it takes? Will my debts be cleaned? I heard that student loans do not go away, which is fine by me. Your credit cards that are about to crush me. I need real advice, not only criticizes worthless empty. So please ONLY RESPOND IF POLITE RELIABLE ADVICE. MedlinePlus MedlinePlus Thank you guys. Happy holidays.
I want to file for bankruptcy. Will I be able to file my financial aid debt?2Angy20202012-09-18 15:08:02
I have about $ 30,000 in credit cards and car and $ 23,000 in student loans and earns $ 42,000 a year.
How much should I expect to pay an attorney for Chapter 7 bankruptcy?2Jazmin2012-11-05 05:55:02
I'm looking to get rid of my unsecured debt. I have tried to solve with these companies, but are wanting more than you can afford (60 % -80 %). What I am looking to download it: Best Buy credit card - $ 1200 Sears Card - $ 400 Citicard credit card - $ 3000 Tire Discount Card - $ 700 Discover - $ 2400 Keybank credit line - $ 1000 So about $ 8000 - $ 9000. I have a car, but I owe far more than it's worth (assuming the agent calculates the price private party ) and am in the process of this debt ( without looking at the car loan discharge ). So I'm basically afraid of being sued by Discover / Citi and really just wants to end this and move on with life, so I'm seriously considering Chapter 7 fresh start . Only payments stopped paying last month , which is not debt collection yet ... I'm just trying to be proactive to stay alive . My rent is going in November ( loss roommate ), and now are taking the minimum do all my paychecks right now, so no way I will be able to afford this November . So my question is , how much should I expect this amount of debt / labor costs in attorney's fees ? I live in New York.

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