I owe the IRS about 00 from when I got audited one year. I have 00 in savings and 00 in checking and I’m in fear that they will take it one day. I’ve called the IRS and put a hold on my debt because I’m not working right now. I’m currently collecting unemployment and that money in the bank is all I have.
Ok so me and my friend went to the same school. We both got the same loan. We both got it co signed by our parents.
We also both have been paying the minimum payment cause neither of us makes enough to pay the whole thing off. Her debt was up to 8k from 6k. Same with me. But her dad just paid off her debt for 3 thousand…..
how does that happen? I have money in the bank i have been saving for a car. If i used that money could I do the same thing she did? Where does that missing money go? I"m confused. How do loan companies stay in business if people can settle their debt for like less than half? Her parents are rich too it’s not like they couldn’t pay it off. I thought that loan companies only settled debt when someone was delinquent.
I do not own a house or have any money in the bank. I do own a car. My job has cut back and i can no longer pay my credit cards. I have no money to file bankrupsty. Besides the calls, what can they do to me if i never pay them?
I am unemployed, 50 yrs. of age, no money in the bank, no savings, no retirement, no job. How can I save myself from this mess?