I am in debt, should I ignore those creditor and collection calls; file bankruptcy; or try to repay the debt?
Answers:1 | LastUpdateAt:2012-10-06 07:49:02
Question- tera
- Asked at 2012-09-28 09:22:03
I am a 24 year old in California who is currently unemployed . I am a full time student and have less than $ 1,000 coming in every month. I have about $ 15 - $ 20k in unsecured credit card that I paid for 6-12 months. Also I have a secured car loan of $ 25k , but luckily , I am able to pay every month on time. I get phone calls every day , but have ignored them all. Since my credit has gone down the drain , I still miss those phone calls and have canceled my debt ? Or should I try to talk to the creditor agency / collection and try to pay ? You should consult with a debt consolidation agency ? Finally , in case of bankruptcy even be an option for me ? I would be grateful for any advice given ... thank you!
Answer1aideAnswered at 2012-10-06 07:47:46
Maybe you need to find a job that will put more money coming in , so you can pay off your debt . People do not work and go to school at the same time , you know . MedlinePlus
MedlinePlus
Bankruptcy may be an option , but it has long-term effects for you so it should be a last resort.
Related Questions
- I am in debt, should I ignore those creditor and collection calls; file bankruptcy; or try to repay the debt?
I am a 24 year old in California who is currently unemployed . I am a full time ...
- Credit card debt, bank collection, phone calls?
I have over 25,000 in credit cards and a car loan of 14k . I'm at the end of eve...
- Creditor on car loan has repoed car and charged off as bad debt am i liable to third party collection agency?
creditor took the car back and told me I would be charged for the loan as a bad ...
- Should I file for bankruptcy or do debt consolidation. I have $42K in cc debt + my car, house, i cant keep up?
I have $ 42K in cc debt with an average of about 14 % interest. Other $ 10 0% fi...
- I want to file for bankruptcy. Will I be able to file my financial aid debt?
I have about $ 30,000 in credit cards and car and $ 23,000 in student loans and ...
- Trying to dodge bankruptcy....Can I negotiate payment terms even after the debt has gone to the collection...?
The story is that after a failed business , my house was lost to foreclosure , m...
- I'm being sued by a creditor, I'm already in a DMP and don't want to file Bankruptcy.?
I am being sued by a company that had bought a debt with a loan company . The lo...
- Should if file bankruptcy or pay off my debt?
I am a school teacher aged 28 in North Carolina . I make $ 36k/year . I have 5 c...
- Would you file bankruptcy if you were $32K in debt?
I have 46 years of age. I owe $ 757/month in credit card debt , five creditors ....
- Debt help PLEASE!!! should we file bankruptcy?
My boyfriend has a disease that causes blood clots and we have to take him to th...
Answer This
Question:I am in debt, should I ignore those creditor and collection calls; file bankruptcy; or try to repay the debt?
