If I can't pay just one bill will I have to go bankrupt?
A lot of bills, unemployed, it’s too much now
I had to put a lot of my college tuition on credit cards because I expected I would find a job after (graduated 08)
Bank of America after that new law was passed for banks and/or creditors to increase their rates
my monthly payment went from 150$ to 300$
I have 1,000$/mo. in bills and only make 600$/mo from unemployment
I’m wondering if I can kind of selectively go bankrupt on this
I figure if I just don’t pay that I’ll only be at a negative 100/mo
I live out of my car and don’t eat much so gas/food is pretty low.
Only I usually had to put them on a credit card. A different card.
Not paying this one bill will probably cut off my other cards too?
I have really good credit and I was hoping to hold on until I could find something but I can’t and once i find a job I’ll have another 500$ in student loans.
I either need a good paying job or 2 or 3 regular ones but I have to acquire them at the exact same time because of that student loans. Right now I can hold up some of it with unemployment deferment
not sallie mae, you can’t defer private loans for any reason
I’ve already sold most of my things. It doesn’t hold up too long
I just want to stop paying bank of america
How bad will it be?
usually one goes into b/k when they have a lot of creditors that are not getting paid
June 25th, 2010 at 11:48 pmand unless you go the full b/k you will be required to pay X$ every month for the court judge to pay secured creditors(first)
on unemployment there isn’t anything there for the judge to use to pay the bills
you best do whatever you can find to work, not be selective just because you graduated college