I’m 20 years old, 21 in July.
I currently have about 10k in debt—I know it’s not a lot, but I also know I’ll never be able to pay it back.

I had–NO CHOICE–but to move out on my own at 18. I survived off of 4 credit cards for a while and was paying them when I had a "normal" job.

In the past year I have been laid off, I now work for tips at a hair salon which gives me enough money to live but not pay my debt.

I also have about 2.5k that is due to a college I was going to…and 1.75k to Washing Mutual because I fell for one of those money order scams a few months back–whats even worse is that the person that scammed me was using a stolen idenity so I can’t even go to small claims court. I have reported the scam to the government but they can’t help me.

So my question is…Should I file Bankrupcy? I already can’t use my bank account so not being able to do so won’t be a major shock.
In addition, my bank account which is now closed due to the scam, was joint with my boyfriend..My account, I added him later…if I file, will it clear the bad account from his name?
Thanks to those who answered, but it seems you are not getting the point.

Everyone keeps telling me to pay it off slowly, NOT POSSIBLE. AS I SAID:

I make enough money to pay my rent and my ulilities, nothing more.

I can’t file a FASFA because my father chose to claim me on taxes although he doesn’t support me, I’m not about to sue him though or report it.

Secondly, telling me to sell my 6 year old computer isn’t going to get me jack.
Third, ITS NOT A STUDENT LOAN. I would have said it was a loan.
AND…..

AS for the scam, I was between jobs and was told I was working for a charity, being that it was around the holidays I was caught up in the whole holiday spirit and thought I was helping children. I am not one to sit on the internet all day and had no idea that this was such a common thing, I thought I was working.

Technorati Tags: charity, credit cards, enough money, fasfa, hair salon, helping children, holiday spirit, holidays, job, jobs, money order, old computer, scams, shock, small claims court, student loan

Hi! So I set up auto payments with chase bank to settle a debt, and one of the payments got returned, so they sent it to collections, i settled with collections for 50% off the balance and they said thats it im released of all debt, but chase (not collections) ended up charging me 2 a week later. which i would have thought no more payments would have gone through since the debt is "settled". I called chase, and they said since i authorized the payment before, and I didn’t call to cancel it there is nothing they will do! but the thing that really bothers me, is that when i called chase earlier, they said "I can’t discuss the account you need to talk to the collection agency." What can i do? not only did they charge 2 but that costed me 230 additional in overdrafts fees! what can i do legally? is small claims court an option or am i SOL?

Technorati Tags: auto payments, chase bank, collections, small claims court, sol

Hi! So I set up auto payments with chase bank to settle a debt, and one of the payments got returned, so they sent it to collections, i settled with collections for 50% off the balance and they said thats it im released of all debt, but chase (not collections) ended up charging me 2 a week later. which i would have thought no more payments would have gone through since the debt is "settled". I called chase, and they said since i authorized the payment before, and I didn’t call to cancel it there is nothing they will do! but the thing that really bothers me, is that when i called chase earlier, they said "I can’t discuss the account you need to talk to the collection agency." What can i do? not only did they charge 2 but that costed me 230 additional in overdrafts fees! what can i do legally? is small claims court an option or am i SOL?

Technorati Tags: auto payments, chase bank, collections, small claims court, sol

Is a long story but to cut it short, I can’t get back my money now. I was being setup as boyfriend and gal friend. The girl pretending to be my gal friend told me that she was in financial difficulty and ask me to help her out by swaping my credit card in advance first after which she will pay me back at end of month. She bought herself clothes, shoes & bags which amounted to RM4.5K. It is only through trust and verbal agreement i agreed to help her out. Later on I found out that she was cheating me of my money. Right now, she refuses to settle her debt and even threaten to file sexual harassment report against me not unless I cancel off her debt. I thought of taking this to small claims court but then I was told that if I do not have any written agreement to support my claim it will be of no use. I do have recording evidence but was told it cannot be accepted as an evidence. Has anyone come across this situation before? I do not know what to do now. *sigh* Any advise is welcomed.
The person who passed me the small claims forms told me that recording evidence cannot be accepted. I will check further on the law in my country.
My legal advisor told me that audio or video cannot be used as evidence in court as the contents can be manipulated.

Technorati Tags: amp, clothes, credit card, evidence in court, financial difficulty, gal friend, money, sexual harassment, shoes, small claims court, small claims forms, verbal agreement