In June I enrolled in a debt settlement/consolidation plan with a company. They said they would settle my debts and as long as I was putting the money aside I was supposed to then everything would be fine. They would be contacting my creditors and I should no longer talk to them. Well that is all well and good until I am contacted by an arbitrator and a law office. My accounts were fast tracked to arbitration when they found out the program was in. Each has offered me a settlement but I can’t afford it without a loan. I have perfect credit except for these two past due credit card balances and that is preventing me from getting a loan. The law office said I could make payments, but they would be nearly 00 for six months. There is absolutely no way I can afford that. What can I do? I’m really scared because I thought I was doing a a good thing and ended up in a terrible situation.
I have contacted the debt settlement company and they keep saying I’m not even supposed to talk to the attorney. I am so scared of them taking me to court though. I am putting the correct amount of money aside each month. The attorney’s office told me to go to ripoffreport.com and look up debt settlement companies and I found a lot of other people in this situation.

Technorati Tags: amount of money, arbitration, arbitrator, consolidation plan, credit card balances, creditors, debt settlement companies, debts, getting a loan, settlement company, six months

They asked me if I was working. And i said yes, part time. Then they told me to bring six months of paystubs. Do they ask about unemployment?

Technorati Tags: part time, six months, unemployment

Just today I printed my credit report and I called to start settling all my debts. All went well considering and I made arraignments to pay my Capital One credit card bill off in six months. My Chase collector is in TN where I used to live. The lady informed me they will be serving me in a few days. I hadn’t yet told her my new address as I did for my other collectors. She said I could pay the 1,515 (my credit reports it as 989). I spoke to my mother afterwords and she told me someone was by her home looking for me. I am 21 and haven’t lived at that address since I was 18 and I applied for the credit.

What is the likely-hood they will settle when I explain to them tomorrow I don’t live in TN, I live in OH. I am a student who receives non-garnishable federal-aid. I am a server that makes .00 a week in a state that only lets you garnish 25% MAXIMUM of expendable income. I don’t have a bank account to freeze. I don’t own a car or home to put a lien on, and frankly I am offering them all I have when I say I’ll pay you 0.00.

I asked a similar question earlier but more people were focusing on telling me to get some integrity or make sure they are even really suing me. They are trying to serve me…but what do they have to really gain from that when they could just take a hunk of change. It will cost me what I have to give them to get to TN ,if they can sue me there, just in travel.
I am trying to get as many points of view and opinions based off experience and understanding of what they legally can do out of my jurisdiction. There are a lot of conflicting answers but I need well articulated answers.
To who asked me how I am settling my others. I make 50.00 in paid wages. I make like 200 in tips a night. They don’t know that. I know I probably seem retarded when I keep asking but my point is, how can they even touch me in OH with a TN court decision that I havent been served for! Why bother serving people if you dont have to? I get they are probably going to get their settlement…and I’ll just pay it. Its not even really THAT much, I just can’t understand, again, how TN who has very different laws as to collecting after a judgment can push those on me here. I seriously dont even object to them suing me here where I can be present and aware of it. Beyond it all, I think I am most annoyed that the company on my report wasnt even these people. They had passed it on to two other agencies that I had to hunt down just to try and make it all right. Thats why there is nothing about this 500 buck increase anywhere in the past 11 months on my report and its my dumba$$ for looking for it.

Technorati Tags: afterwords, arraignments, capital one, capital one credit card, court decision, credit card bill, credit report, debts, expendable income, few days, hunk, integrity, jurisdiction, own a car, six months, wages

Six months ago, I was involved in an auto accident (my fault) and my insurance policy had expired a week before. There were no injuries or fatalities but my car was totaled because I was knocked out of control and hit a guard rail. I have been paying my car notes even though the car is sitting in some impound lot, but until recently I have not been able to make anymore payments. I owe about ,000 on the car although it is worth ,000. I am 100% sure that my car finance company will sue me. I have debt totaling about ,000 (car loan included). If I file bankruptcy, can they still sue me or garnish my wages. What is my best way to get out of this without have to pay much? I also qualify for SSDI (which can not be garnished by creditors), should I just quit my job, get the SSDI, and lay low until this storm blows over?
I live in Texas (BTW)….

Technorati Tags: auto accident, bankruptcy, btw, car finance, car loan, creditors, finance company, guard rail, insurance, insurance policy, job, six months, ssdi, wages

I am about to file ch 7 but a company I owe already sent me court papers in a law suit. I retained a lawyer six months ago but have not filed it yet. Thanks for any advice..

Technorati Tags: ch 7, court papers, law suit, lawyer, six months

My husband is 21, unfortunately he has made some horrible decisions in his life regarding money. He is now considered ‘high risk’ by EVERY loan company you can think of, including the NO CREDIT BAD CREDIT NO PROBLEM people, lol. Now his (not mine, my name is not on it, and please remember, I just recently became his wife!) car is up for repossession. He leaves for basic in January, and that will solve many of our money problems. However, we NEED this car, myself and my daughter, while he is in basic and up until that time. How long will it take them to come get it? And the real question I am asking is–with his credit being this horrible, and owing all this money that’s so terribly behind, should he just file bankruptcy?? I know it will freeze the repo and we can at least keep the car. He is only 21, I know that is young, but his credit report is four pages long–of crap he still owes. Would it be better to start over even with a bankruptcy? (my credit is good.)
That is–keep the car for an undetermined amount of time. His mother (imagine that, the apple doesn’t fall far from the tree) filed bankruptcy earlier this year and drove her truck for free for over six months.

Technorati Tags: amount of time, apple, bad credit, bankruptcy, credit report, decisions, high risk, loan company, money problems, repo, repossession, six months

How many copies in stock do they make for just one series? How could they be confident that those products are gonna sell. If they don’t make profit, how could they go on telling customers what they will release into the next five to six months?

Technorati Tags: six months, stock

My wife and I virtually broke and can’t afford the house anymore. We are thinking about having her stay home with the kids in a few months after the house is disposed of and file Chapter 7 bankruptcy.

Do you have to file Chapter 7 bankruptcy at the same time as foreclosure or can you wait six months to a year?

Technorati Tags: chapter 7 bankruptcy, foreclosure, home with the kids, six months

I need to file Chapter 7 Bankruptcy. My income for the last six months is about ,800, well below the median test for NY State. However, my salary comes from my small business, which is an S Corporation. I am the only owner, and I pay myself out of that corporation. Am I able to continue to run my company and declare Bankruptcy at the same time, or would I be forced to close the corporation?

Technorati Tags: chapter 7 bankruptcy, s corporation, salary, six months, small business

About 3 years ago my life turned upside down, I had clinical depresion, lost my job and quit school. I did not care about the world, about six months ago I had major surgery and now I owe about ,000 in medical bills, I have a ,000 credit card judgment on my credit. I need a fresh start. How do I file bankruptcy? I don’t own anything, not home or car. What can I do? Please help me.

Technorati Tags: 3 years, bankruptcy, clinical depresion, credit card, fresh start, job, judgment, life turned upside down, major surgery, medical bills, six months

About 3 years ago my life turned upside down, I had clinical depresion, lost my job and quit school. I did not care about the world, about six months ago I had major surgery and now I owe about ,000 in medical bills, I have a ,000 credit card judgment on my credit. I need a fresh start. How do I file bankruptcy? I don’t own anything, not home or car. What can I do? Please help me.

Technorati Tags: 3 years, bankruptcy, clinical depresion, credit card, fresh start, job, judgment, life turned upside down, major surgery, medical bills, six months