I filed for bankruptcy back in feb 05 b/c I was returning to school and wasnt going to be working full time anymore, and it was all finalized in aug 05. My mom told me to put my car on there but I didnt b/c I thought I would have at least a part time job. Now Im not going to be working part time, I have workstudy at school, and only work 1 hr a day, and get paid 6 bucks an hr. I want to get rid of my car so I dont have to worry about a car note, and dont want to seel it b/c it sells for around 5,000 and I owe 11,000 on it, what can I do?

Technorati Tags: bankruptcy, full time, mom, part time job, returning to school

I want to pay it off, but I am working to just support myself right now. I am a full time graduate student. I don’t want to file bankruptcy. please help.

Technorati Tags: bankruptcy, full time, graduate student, time graduate

I want to pay it off, but I am working to just support myself right now. I am a full time graduate student. I don’t want to file bankruptcy. please help.

Technorati Tags: bankruptcy, full time, graduate student, time graduate

I have been trying to teach English here in China for the past 2 years. I’ve encountered a range of problems and found it difficult to keep employment. Once school fired all the teachers, ripped us off then went bankrupt. Other schools have kept me on for a few months and then turned around and found a better teacher because they don’t like my teaching style. The latest company let me go because they were restructuring and downsizing. I was the unlucky one who didn’t have a relationship with the boss so I was the first out the door. The alternative was only a couple of hrs work each week – changing me from full time to barely part time.

So, I have given up on teaching. I think I’m OK but not good enough to maintain a decent career out of it. ESL teaching is difficult to earn money in. Now that I am married, I want a better, more stable job and a different career at home. We were both planning to move back to Australia to live.

Here’s the problem. The latest firing has pretty much made my wife lose all respect for me. She’s saying really nasty things and I think her mindset is starting to become like this: http://answers.yahoo.com/question/index;_ylt=ApxlE10r_YqloAeAMeCr5N_B7BR.;_ylv=3?qid=20090127092441AA0P70V

She has said some really hurtful things and has been withholding the sex like she doesn’t want to be with me anymore. I’ve questioned her and she tends to close up and when pushed, says she’s not happy, she’s bored. I get upset, she sees that and says that we will be together forever and that she still loves me. I doubt it though by the way she looks and acts now. She told me to be a man and go back to Australia and set everything up (we were only 3.5 months away from moving back).

I’m reminded about how at this time I cannot afford the diamond ring. Also, despite my wages being enough to pay for everything and give us enough money to go out, it hasn’t been enough to save for a honeymoon. We only got married last month. I told her that my work prospects are so much better in Australia but she finds that hard to believe – I didn’t have it in me to change enough to grow and become a good teacher so apparently that reflects on my ability not to change overall.

A bit of history about my working life in Australia: I graduated uni about 1 year before coming to China. I worked for 4 years in a supermarket and became a manager. They wanted me to stay and become a trainee department manager. I had a lot of potential. But it seems that I lost all of that potential when I came here to China. She has just seen all of my failures and compares that against her own successes and the successes of other foreigners who have done well here.

It’s really hurting me to see her become so scathing and nasty and unloving. I told her that it’s worth banging my head against a wall with these jobs for a few more months so that we can still be together (albeit not much because she is busy with her overseas work) and leave the country together. She says that if she had more money and was more successful in her work, she’d leave with me tomorrow. But thinks I should give up the struggle of teaching and just go back and set things up. I’m about to do that. Three months is not long.

But I still feel the sting of her disappointment in me. It’s like something has changed and she can’t see the good in me at all anymore. So I think what’s the point of going home and getting established if she no longer has any feeling for m? She might turn around and refuse to come in a couple of months time. Already I think her mind is definitely changing. She’s not interested in the wedding and when I asked about us going back to see her family one more time before we leave, she said she said I wasn’t welcome in her home anymore because I stay there and get fed like a king instead of working hard. That I should give something back to her family…

So, she is bored, disinterested in me and behaving like she wants me out of her life. Should I return home and get established and forget about her? This is not the departure I had hoped for. I think she kind of resigned when I said I found more employment here and could be earning more than the last school. She’s already told me my teaching is at ground level and I’m a loser – meaning no good at teaching.

It’s really cruel for her to say these things and feel so disappointed as far as I’m concerned because I stayed on longer and pushed through because I wanted to be with her. I could have left about a year ago…My parents wished I had and set myself up with a job and car. Instead, I either leave now or find work here. Last night I had a dream about her being romanced by some other guy. She was really into it. She’s not being intimate with me and looking down upon me.

Seek divorce?? Yes it’s not fair on her to have a husband without a stable job. But I thought she woul

Technorati Tags: 5 months, australia, boss, china, diamond ring, esl, full time, honeymoon, mindset, money, nasty things, part time, prospects, qid, question index, relationship, stable job, unlucky one, wages, yahoo

Please please please someone help!! I have had a really rocky time with undergrad (in and out) and have yet to finish. I owe over 100k in private loans because of my personal obstacles. Now it looks like I have my act together, and I am finally on the road to finishing my degree, but I am on my last year of in school deferment for my JP Morgan/Chase private loan. Right after getting my degree, I’ll be on my way to medical school. I already work full time and barely can pay the monthly minimums on 3 loans already in repayment, and after this year, my other 4 are up for repayment as well. I can’t consolidate because they are private and our economy sucks so much that no company is willing to take on private loan consolidation of 100k total.

IS THERE ANY OPTION to extending in school deferment? I have read from some places that you have up to 60 months, which is just 5 years. What about continuing on to grad/medical school?? Is there a way to extend in school deferment?

Lastly – I know you can cancel/forgiveness on federal loans….is there such a thing for private loans??

I HATE PRIVATE LOANS! Please help – I have no other solutions…I’m financially on my own and do not have any support from anyone. I made a bad decision, and all I want to do is become a great doctor. This is looking impossible with this debt. Once my 7 loans all come into repayment, I will be unable to pay monthly minimums. Even if I do forebearance, I will still be unable to pay the lowered monthly fee on 7 of my loans, considering I will be in medical school. Please help!!!

Technorati Tags: 100k, bad decision, economy, federal loans, forgiveness, full time, jp morgan, jp morgan chase, medical school, personal obstacles, private loan consolidation, private loans, rocky time, undergrad

I am a full-time college student with income of about 00 per month. I am 22. I was in between jobs a few months ago and during that time went more than 30 days late on all of my credit cards. Since then, my interest rate has went to 32%. I missed payments again last month and now my minimum payment on one card alone is 473 dollars. I don’t make enough money to get it caught back up, and they are unwilling to help me. I don’t know what to do. I hate to file for bankruptcy at age 22.
I owe about 13,000.

Technorati Tags: bankruptcy, credit cards, full time, interest rate, jobs, minimum payment, time college student

I would like to know rather bankruptcy would be a good option for me.

I have a 10,000 car loan. Several other loans that equal about 10 thousand. I have a HUGE credit sheet that equals about 30 thousand in medical bills and other. The bank is taking me to court over the loans.

I have not had a job since Dec and just found a job but for 10/hr and will not start for a while. I am a single mother with no child support and live with my grandmother (who is really bad shape and needs tons of help money wise).

What should I do????

Thanks
To answer the questions that I have been getting…

I don’t get child support because the father is serving a five year term in jail for abuse and drugs.

My father refuses to give any care for his mother. He has not even spoken to her in six monthe. At one time he was helping her, but he took all of her money (60,000) and ran for the hills.

After I file, I plan on going to school full time and drop down to a part time job. And pay for school through the FASFA program and out of my own pocket. I refuse to have to get over my head ever again.

Technorati Tags: bad shape, bankruptcy, car loan, child support, credit sheet, drugs, full time, grandmother, loans, medical bills, money, part time job, single mother

I’m getting legal aid to file bankruptcy and I was wondering how long it will take for the whole thing to be finalized after everything is submitted … it will be Chapter 7 because I’m not working (I’m a full-time student) and I have no assets.

Technorati Tags: assets, bankruptcy, chapter 7, full time, legal aid, time student

My divorce was finalized in October and I’m currently not working and I’m attending college full-time. I lost my old job about a year and a half ago, and haven’t been able to find one since. I live in Michigan and the job market is awful here. I graduate in about a year and a half. I’m living with my boyfriend now and he provides for my needs.
I have about 00 in outstanding debts and another 00 in attorneys fees from my divorce.
Some of the debt is from my ex-husband who was ordered to pay his part and was given 90 days to settle with me. It’s been well over 90 days now, and I cannot locate him and his attorney hasn’t been able to find him either. My attorney said that in order to file a motion against his not paying, she needs to be paid what I already owe her.
I obviously cannot pay this without a job, and my boyfriend doesn’t make enough to pay my bills.
So, I was wondering, would I be better off just filing for bankruptcy or waiting to try to pay these things off after I graduate and hopefully obtain a good job?
If I do file bankruptcy, would the attorney’s fees that I owe from the divorce be able to be dismissed under the bankruptcy?
Any help would be appreciated!
Thank you!
I have a 2 year old son that I take care of full time during the day while my boyfriend works. My classes are at night so my boyfriend watches my son while I’m in school. A minimum wage job would not cover the cost of daycare in our area. Believe me, I’ve looked into every reputable place there is. an hr at a burger joint, even working a full 40 hr week … take home would be around 0 per wk. Daycare runs about 0 per wk. Being away from my son all day long is not worth making per wk.

Technorati Tags: attending college, attorneys, cost of daycare, divorce, filing for bankruptcy, full time, good job, minimum wage job, old job, outstanding debts, reputable place

I am a student and I will be going back to school soon. I have FINALLY been offered this awesome financial aid package which includes grants, scholarships, and government loans. My only problem is that they require me to go to school full time. This will decrease my monthly income because I will not be able to work as much. I have having trouble making the monthly payments on my credit cards… but I am currently current. A debt settlement program says that it will mess up my credit in the short run, but that I will have better credit in the end once the balances have been paid in full. I need some way to reduce my monthly expenses… and negotiating myself means payments that I cannot afford! I just want to make sure that this would not bar me from obtaining new Stafford loans every year for school.

Technorati Tags: credit cards, debt settlement program, financial aid package, full time, going back to school, government loans, grants, monthly expenses, scholarships, stafford loans

I like to spend. Some might call me a super spendaholic. Charge it! I always say. I like to go out to fancy dinners, get really really good wine and just put it all on the credit card and so I don’t have to worry about it until I want to worry about it. Well now my bill is like ,000 and I’m getting charged absolutely insane amounts of money every month in interest as my rate is 22%. I only work a part time job and I don’t want to quit it for a full time one because it’s a pretty cool job with no stress or responsibility. Should I file for bankruptcy? I personally don’t care about my credit score. If I can get out of this mess by bankruptcy I will.

Technorati Tags: credit card, credit score, fancy dinners, full time, insane amounts, money, part time job, should i file for bankruptcy, stress, time one, wine

I am currently a full time student and we are looking at filing a chapter 13 for other debts outside of my student loans. I am wondering what effect if any this will have on my ability to gain new students loans, just the stafford subsidized and unsubsidized? Also, I paid my lawyer 800 to retain him for this bankruptcy , can I back out and get a refund? I am in washington state if that makes a difference.

Technorati Tags: bankruptcy, chapter 13, debts, full time, lawyer, new students, student loans, time student, washington state

I am 25 years old. I am a full time College student (I go to school with the help of financial aid). I live in Chicago, IL if it matters. I am ,000.00 in debt, mostly due to interest and overlimit fees. I have a car that I pay 0.00 a month for which will be paid off in 2 months. However, I only make 0 a month. That 0 includes my gas bill, electric, cell phone, car payment, insurance, groceries, ect. What should I do? What are my best options? I can only pay about 0 a month towards my debt? Should I file bankruptcy?
Sorry, I forgot to mention that I haven’t paid any of my creditors in almost 2 years. Also I was summoned by a sheriff yesterday, I am being sued by a collection agency (for an HSBC cc) in the amount of 00.00. I have court tuesday morning.

Technorati Tags: car payment, cell phone, creditors, financial aid, full time, groceries, insurance, overlimit fees, should i file bankruptcy, time college student, tuesday morning

"Jeff", 21, is a full time college student and can no longer work because he doesn’t have the time. His dad lost his car for driving without any credentials, so Jeff now drives him to and from his low paying, thoughtless job every day. He drives him anywhere he needs to go – bank, store, church. It’s been going on several weeks, and the father has said nothing about getting a new car since he can’t afford the 00 ticket. The father spends most of his time partaking in church and football watching on tv. He has no aspiration to get a second job, because as long as he has his routine church, football, and weekly steak, he is happy. Honestly, he isn’t very bright, for he can’t even understand basic things that Jeff or I talk about – he isn’t bright at all. It seems hopeless.

The father has lied to the mother, who cares but is going bankrupt anyway, so it’s not like she can financially cover her son, Jeff. The father even lies that he is paying Jeff’s car insurance, when really he isn’t paying for his or his son’s.

The father does give weekly twenties to Jeff for gas, in addition to cash for any of his car repairs. It’s not enough though, so I give money to Jeff as well. Ever since the father’s dilemma occurred, Jeff has been far more anxious and tired than normal. He is so busy, he has little time to consider a plan. He also doesn’t have much time to complete the startup process of his online business. He is driving illegally (no insurance), so this must be corrected. What can he do, and does it benefit that I inform the mother of the truth?

Technorati Tags: aspiration, car insurance, car repairs, credentials, dad, dilemma, full time, insurance, little time, money, new car, quot, second job, time college student, truth

I’m 19 years old and have been evicted (fees thereof are unpaid) and owe money for two different credit cards.My debts reach about 4,000. I am a full time student with barely enough time to work just to support myself, so I really won’t be able to pay off my debts for another 4 or 5 years.

I was thinking about declaring bankruptcy since I have no valuable assets (ie-car is under my fathers name, don’t own a house, etc). Or, would it be better to try and pay it off? How long will these debts stay on my credit report and how long will the debt collectors come after me?

If I just ignore it, will it go away?

Technorati Tags: 19 years, assets, credit cards, credit report, debt collectors, debts, declaring bankruptcy, fathers name, full time, money, time student

I have at least ,000 in hospital bills, i owe 2 banks total about ,000, 2 apartment leases ,000, IRS 3,500, Credit Card 0, a car REPO about ,500 and i am only 24 years old. What should i do? I’m a full-time college student and work full-time and i can’t get a second job. PLEASE HELP!!!!

I was thinking about paying one of those credit companies 200.00 to clean up my credit or should i just file bankruptcy?

Technorati Tags: 24 years, apartment leases, bankruptcy, banks, car repo, credit card, full time, hospital bills, irs, second job, time college student

Two months ago I maxed out all my credit cards and opened an unsecured personal loan because I needed cash for family emergency. Now I have approximately ,000 debts from credit card companies and bank (all unsecured). After one month, I couldn’t afford to make the payments. For my situation, I don’t think I am able to payoff all the debt. What are my options now? When would the credit card company sue me? Can they garnish my salary? If the debt transfer to collection company, how much can I bargain off for a lump sum payment? Should I settle the payment myself or go to debt consolidation company? How many years the bad record would stay on my credit report?

I live in California. I’m working full time with ,000 annual salary. The only property I own is a free-and-clear car (2007). I might able to borrower ,000 from my girlfriend if a lump sum payment is offered.

Please answer as much as you can. Your help is much appreciated. Sincerely thanks.

Technorati Tags: annual salary, credit card companies, credit card company, credit cards, credit report, debt consolidation company, debts, family emergency, full time, girlfriend, lump sum payment, unsecured personal loan

I’ve recently been contemplating filing for Bankruptcy (Ch. 7) because I am in so much debt it hurts my brain to even think about it!! I am currently over k in debt. Most of the accumulated debt I owe is from past bills I ran behind on due to some unnecessary circumstances. Right now I am attending school full time and working part time making a measly 20/month as my take home pay. With my salary I pay for all the usual bills: rent, utilities, wsg, car insurance, car note, and use whatever I have left over to pay down my debt. For the past year and a half I haven’t opened any new credit accounts and I’ve been on a tight budget. I take full responsibility for all of the finanical debt I put myself into but am stressed and afraid that some of the creditors I owe will soon take legal action (as some have stated in their threatning letters). I’ve attempted to set up payment plans and have tried to negotiate a reasonable payment plan with my creditors but even with some agreeing to this others are not as willing. I am just seeking some advice because my credit is already horrible and even if I decide to paydown my debt it will take well over 5 years relinquish. I figured if I file for Chapter 7 it will stay on my credit just as long as if I tried to paydown all my debt on my own.
Big T: THank you very much for the advice and the many suggestions. I have been trying to stay optimistic about the whole ordeal and I have to give it up to you because I understand first hand how hard juggling work and going to school full time can be. I understand my debt is nothing compared to others but it is still a debt I have to take care of. I appreciate the encouragement and will look into other wage earning opportunities and try other ways to cut back!

Barnaby J: Thank you, I didn’t really factor in my wage earnings after college because they are still unbeknowest to me. (maybe if I looked into a crystal ball I’d know for sure..lol) But, since you have mentioned it I am predicting my salary wages will increase quite significantly after college which will help me drastically in cutting my debt!! However, I am not trying to rely entirely on those predictions! Thank you!!

Technorati Tags: big t, brain, car insurance, ch 7, chapter 7, circumstances, credit accounts, creditors, crystal ball, encouragement, filing for bankruptcy, full time, insurance car, lol, ordeal, part time, salar, salary, tight budget, wage earnings

I wanted to know what my options are in terms of settling old credit card debt. The debt was charged off in september of 2009 and now they are looking to seriously collect as I recieved an official "summons" with no court date. I called the lawyers office who are repesenting the creditors and they said I can still mediate the account by writing a letter stating how much I can settle for or how much can I pay monthly on the account and they will report to the court the agreement and cease legal action. Is this really the case? or do i automatically have a judgement/lien against me being the fact that they took the step to start action with a summons. Called this morning and he said it is just the initial step. How do I approach this?

Should I write a letter to settle the account? For how much?
Should I pay monthly and then settle later on or pay in full over time?
I cannot afford to pay in full up front. Just graduated in 2008 but just started working full time.It is an old debt and credit cord from my college years coming back to haunt me. I use to make regular minimum payment without missing a beat until mid last year and then they charged it off.

Now it is at a collection company who is now being represented by a collections attorney company.

I am interested in pay for delete off my credit report but do understand that it would remove my oldest credit account on my report which would negatively affect me. How should I apporach this and what should I state in my general repsponse letter to them?
the account is about ,000 from student credit card from bank of america. It is now with cavalry portfolio after going through FIA CArd services.

I just could not afford the payments at the time
Does the summons and/or me sending a settlement letter to them after the fact show up on my credit report as a consent judgement or just a charged off account being paid on?

Technorati Tags: bank of america, cavalry portfolio, collections, credit card debt, credit report, creditors, fia card services, full time, initial step, judgement lien, lawyers, minimum payment, student credit card, summons, writing a letter

I am a single mom of 3 with no financial help. I work full time and have a pt time job to support us and get no other help financially. I have about ,000 in credit card debt. I have not been able to pay consistantly on them in about 6 mos. I want to get the debt paid and am trying to budget to do so. Is it better to try to settle myself or hire an agency to do so?

Technorati Tags: budget, credit card debt, financial help, full time, pt time, single mom, time job

I have ,000 in credit card debt from 5 years ago. I am currently in school full time and simply cant pay anything on it. The collection agency wants me to get a student loan and settle at the origional debt of ,000. He is sending me in writting now that the debt will show paid in full on my credit report. Is it wise for me to do this or would I be a fool?

Technorati Tags: credit card debt, credit report, fool, full time, student loan, writting

A few months ago I took out a ,000 loan for my Father. I declined the first four times he asked. He kept on asking & it got to a point where I felt I was forced to apply & sign the documents because it was someone I had to do for him. He has poor credit & had already maxed my mother and sister out -s o I was next. It was hugely ignorant & immature of me to do so but he insisted it was for business & to "move the family ahead". I also had pressure from my mother and sister as my Dad is very convincing when he wants people to "move the family forward".

Anyway, long story short is that since then his drinking (he has a problem) has spiraled out of control over the past few months & he blew all the money whilst also making our live hell. Finally the entire family has seen the light & he will be moving out by next weekend & we will be getting on with our lives.

My mother is in 150K debt & she has no choice but to go bankrupt (see has been the one earning money over the years but unfortunately she hasn’t seen a cent & she has been forced to sign loan and credit card applications under duress). My sister is a teacher & is well paid so she’s fine. However I’m a full time student & only work 2 days a week & I can’t afford it. It was a huge gamble I took on my Dad’s character in hoping/expecting he’d do the right thing by us & it looks like it’s going to cost me more than I could afford.

Is there anything I could do so he’s accountable for the loan? (I live in Australia BTW) His credit rating is shocking so I can’t transfer it across. Legally is there anything I can do regarding signing under duress? He actually submitted the applications & made most of the phone calls himself pretending to be me (he’s my Father so he knows all my private details). It’s just without his support now the family will be very tight financially & I also have a younger brother who is still in school that needs looking after.

I’m not looking for anyone telling me how naive I was because I’m already well aware of this. However all other replies would be MASSIVELY appreciated!

Technorati Tags: australia, brother, credit card applications, credit rating, dad, do the right thing, earning money, full time, hell, light amp, mother and sister, poor credit, private details, signing under duress, time student

Due to domestic violence in my home, I left my marriage. I drew up a proposal to my (soon-to-be) ex regarding our MASSIVE debt which left me with one medical bill of ,000 (not including interest) and two credit cards of over 00. I also left with only what I could fit in my car and left all our furniture and assets to him. I don’t work full-time, though I’m going to try to soon and I just CANNOT pay these debts. I have no problem with the idea of bankruptcy for myself…however, NOTHING is in my name except our Bank of America overdraft protection credit card and he works for a financial industry and told me that if he has a bankruptcy that he’ll loose his securities license and then his job. It’s not my goal to be malicious and cause that – but I can’t pay these bills. Will it be better for me to wait until the divorce is final and then file bankruptcy on whatever debts the judge gives me? Any advice? I don’t know what to do.

Technorati Tags: assets, bank of america, bank of america overdraft, bank of america overdraft protection, bankruptcy, credit card, credit cards, debts, divorce, domestic violence, full time, furniture, job, marriage, massive debt, medical bill, proposal, securities license

I went to CUNY Laguardia COllege here in NYC back in 2006. It was my first semester as a Freshman and decided to take a few classes. Unfortunately since I was working full time, I did not qualify for financial aid. I was told that I could take my three classes and just pay my debt off to the Bursar Office. Unfortunately I passed only 1 class and because of relationship problems I did not finish the last two. Now I have a debt of ,500.00 to pay off. This has discouraged me from going back to college. I would very much like to go back, but want to take the appropriate steps to resolve this debt in the most affordable fashion. Is there anything I can do to dispute the total amount?? HELP!!!!!!!!!!!!!!

Technorati Tags: bursar office, fashion, financial aid, freshman, full time, laguardia college, relationship problems

Also do you know of any bankruptcy lawyers in the Western PA area?

Basically I went into debt consolidation through a non profit organization. I paid them one monthly payment and they dispersed it to all 3 of my creditors.

They have had problems with American Express accepting a proposal, or accepting a proposal then a month later saying no they wanted more than that. So basically they defaulted my account 2 times for this proposal problems and now they want immediate payment of ,300. I do not have that kind of money. I go to school full time, live it at home, drive a car owned by my mom, and work a part time job.

I have tried compromising with them, but they won’t budge. And my mom won’t bail me out because she feels I need to fix this myself. I know bankruptcy is a major step but I am just trying to look at all of my options.
Also if you know of anyone who has gone through a similar situation with American Express let me know. I would love someone to talk to about this.

Technorati Tags: american express, bankruptcy lawyers, creditors, debt consolidation, drive a car, full time, immediate payment, mom, money, non profit organization, part time job, proposal, western pa area

I work 50+ hours a week and go to school full time. I just recently signed up for 6 classes over the summer and feel I may not have the time to balance both. I did it last semester and found myself stressed more then I have ever been. I work out as well to keep stress levels down but feel my social life is at an all time low. I have stacks of bills to pay every month and without the job I could go bankrupt. I have alot of dreams and aspirations! What should I do!? If I Drop some classes it could take me years to get a BA if I dont work then how will I pay for college/rent/bills! Help!

Technorati Tags: aspirations, ba, dreams, full time, job, stacks, stress levels

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over ,000 in credit card debt. My monthly payments from all my cards combined add up to about 0, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of them are pretty close to being maxed out. Having to make these payments is really hurting me every month. I would like to consolidate all of my cards through a loan from my credit union. HOWEVER, due to having a bill that has been out in collections (0 electric bill) for the past 3 months, my credit score has gone down. I know you’re prob gonna say just pay it because it’s only a 0, but I wouldn’t even be able to pay that right now without ultimately cutting myself short at the end of the month. Would this mark on my credit inevitably prevent me from being able to secure a loan through my credit union?

Also, if that wouldn’t be able to fall through, do I have any other options at all? I am pretty stressed right now about finances and would really appreciate some educated/experienced advice with this type of situation. First hand experience with this would probably offer me the best advice to this predicament–what did you do to get out of debt? Is bankruptcy (which I know absolutely nothing about) even a good option, or is my debt small enough to where there’s still hope for another alternative? Please respond to this i am desperate to get out of debt! Thanks a lot in advance.

Technorati Tags: bankruptcy, cards, collections, credit card debt, credit score, full time, hand experience, high interest rates, maxed, predicament, time college student

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over ,000 in credit card debt. My monthly payments from all my cards combined add up to about 0, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of them are pretty close to being maxed out. Having to make these payments is really hurting me every month. I would like to consolidate all of my cards through a loan from my credit union. HOWEVER, due to having a bill that has been out in collections (0 electric bill) for the past 3 months, my credit score has gone down. I know you’re prob gonna say just pay it because it’s only a 0, but I wouldn’t even be able to pay that right now without ultimately cutting myself short at the end of the month. Would this mark on my credit inevitably prevent me from being able to secure a loan through my credit union?

Also, if that wouldn’t be able to fall through, do I have any other options at all? I am pretty stressed right now about finances and would really appreciate some educated/experienced advice with this type of situation. First hand experience with this would probably offer me the best advice to this predicament–what did you do to get out of debt? Is bankruptcy (which I know absolutely nothing about) even a good option, or is my debt small enough to where there’s still hope for another alternative? Please respond to this i am desperate to get out of debt! Thanks a lot in advance!

Technorati Tags: bankruptcy, cards, collections, credit card debt, credit score, full time, hand experience, high interest rates, maxed, predicament, time college student

I’ve made a big mess out of my life by making mistakes I could actually afford at the time. I had a great job making enough money that I could afford my own apartment and a brand new car. Life was great for about 2 years, all my payments were on time, and I had a little extra cash so I could go out with friends on the weekends. I met a guy and he moved in, and everything went straight down the tubes. My boss fired me and didn’t give me an explanation ("something needs to change and we think it’s you" whatever that means), and I found another job immediately but only making about half of what I was making when I got fired. This whole time, I was still paying all the bills for the apartment and car, even when I had a full time roommate because he didn’t contribute a dime for the first 5 months he lived with me. I used up all savings and started to borrow money from family and friends until they all cut me off ( reasonably stating that because I had someone else living there, they shouldn’t have to rescue me and I’m inclined to agree ). so at this point, I’m about 2 months behind on my credit cards and car payments, and my brain snapped and I told my bf that he had to start helping with the bills. at which point, he started "helping" with about 1/4 of the bills for the apartment ( i never expected him to help with the car or credit cards, but I do feel he should have had to help with 1/2 the bills for the apartment, especially since his kids were there on the weekends as well ). I quite stupidly started just flat out ignoring the harassing calls from creditors and collection agencies (hey, I couldn’t pay my bills just to live, sleep and eat much less give anything to the creditors, and they refused to work with me the first couple of times they called). I surrended my 2 year old car that I adored because the creditors told me they had reported it stolen (i don’t even know if they can do that, I was 2 months behind on payments). also adding to the misery, I had co-signed a loan for my brother to get a truck, which he also defaulted on and surrended. So to date, I have ,000 in debt and have no way of paying it back (at least not for the foreseeable future). I do have a job, making less than 0 a week with no possibilty of any overtime and / or supplemental income. last october, I was severely depressed and got behind the wheel of a car drunk, got arrested and charged with a dwi. so now, I have to pay rent, fines and surcharges, my car insurance went through the roof, and my phone bill. at the end of the month, I’m left with about , 0 if I’m really lucky. I talked to a credit counselor to try to get the debts under control, and she informed me that my ONLY option is bankruptcy. I’ve come to terms with the whole bankruptcy thing ( and believe me, I’m not thrilled about it ) but the biggest problem I’m facing now is trying to come up with the money to file for bankruptcy. The creditors are getting more aggressive, I’ve been sued at least twice, and they are threatening bench warrants and garnishing my wages. I can’t afford what I’m living on now! If they garnish my wages, I will not be able to pay for something (most likely fines and/or surcharges) and all of this is going to turn into an even bigger mess.

I’m at the point now where I understand all of my mistakes, realize that I have to pay for them. But I’m also at the point where I am extremely close to suicidal. I can’t eat, I can’t sleep and I can’t concentrate on anything. I’m ill at the situation I’ve created for myself, but I don’t know how to fix it. I don’t even know where to start. I quit drinking nearly 6 months ago after realizing what it had cost me. Is it too late? Am I doomed to be a mess my whole life? It seems like this situation never gets any better, it’s gradually just getting worse, to the point of just giving up completely.
This situation feels completely hopeless. No one has any advice for me. every one just says "that sucks". well, no kidding! I hate to sound so shallow, like money is the only thing that matters to me. I don’t just care about money ( in fact, I HATE IT ). The fact of the matter is that my whole life feels wasted, like I’ll never recover from any of this. I hate no longer being self sufficient, and feel like I will never be able to take care of myself again.

Is there anyone out there that has any advice for me at all? Steps I can take to improve the situation? Or possible jobs I could take on to try to make some extra cash so I can take care of all this with a less than stellar record? I just need some help and this is my last resort. I really don’t know what else to do.

And for anyone who has snarky remarks, IE: you’re on the internet ( so I must have $ right? no, I use my computer at WORK), you made your bed blah blah blah, please keep the comments to yourself. the purpose of my post is a last ditch attempt at trying to get some help, not lose any more of my self esteem, if there is any left.
Thanks

Technorati Tags: 5 months, apartment, bf, boss, brain, brand new car, car life, car payments, collection agencies, credit cards, creditors, enough money, extra cash, family and friends, full time, misery, roommate, sleep, tubes, whole time

First off, I am a full-time college student. Ok, here’s my situation–I’m a little over ,000 in credit card debt. My monthly payments from all my cards combined add up to about 0, and every one of my cards (with the exception of one at 8%) have rather high interest rates (19%, 20%). Most of them are pretty close to being maxed out. Having to make these payments is really hurting me every month. I would like to consolidate all of my cards through a loan from my credit union. HOWEVER, due to having a bill that has been out in collections (0 electric bill) for the past 3 months, my credit score has gone down. I know you’re prob gonna say just pay it because it’s only a 0, but wouldn’t even be able to pay that right now without ultimately cutting myself short at the end of the month. Would this mark on my credit inevitably prevent me from being able to secure a loan through my credit union?

Also, if that wouldn’t be able to fall through, do I have any other options at all? I am pretty stressed right now about finances and would really appreciate some educated/experienced advice with this type of situation. First hand experience with this would probably offer me the best advice to this predicament–what did you do to get out of debt? Is bankruptcy even a good option, or is my debt small enough to where there’s still hope for another alternative? Please respond to this i am desperate to get out of debt! Thanks a lot in advance.

Technorati Tags: bankruptcy, cards, collections, credit card debt, credit score, full time, hand experience, high interest rates, maxed, predicament, time college student