I joined a debt settlement agency in august because i couldn’t keep up with my credit card debt. They took on all but one of my cards. I have gotten notices from VISA and AMEX offering to "opt out" and lower my APR, but this is not helpful, I still don’t have the money to pay. I wrote back telling them this and forwarded it to the company who is supposed to be my POA. They (the debt settlement people) just responded with telling me to continue to do what I’m doing but to date, none of my creditors have settled with them. I’m worried about what to do and don’t want any surprises. Should I just try and file bankruptcy?

Technorati Tags: amex, bankruptcy, cards, credit card debt, creditors, Debt Settlement, money, poa, settlement agency, surprises, visa

i had a credit card 5 years ago but unable to settle my account due to my financial difficulties then. Now im working outside my country to gain financial freedom. I traveled regularly to Europe and Asia but had difficulty in getting US visa. My question is since i had bank debt before, will that bank somehow blacklisted my name and send the info to US Embassies???

Technorati Tags: asia, bank debt, credit card, embassies, europe, financial difficulties, financial freedom, visa

I got a letter today from Midland Credit Management, asking for a debt in the amount of ,181.56. The Debt is from Aspire Visa, a card I used to have .. I could not pay it all off since I lost my job and i’m having trouble finding a new one. I can’t pay off this debt in this amount .. it originally was NOT over ,000, it was 0. They added on all these late fees / interest when I could not pay over a amount of time. I tried to make small payments, but obviously they didn’t help, it just got larger and larger. The account has been in collections for a while and so, it doesn’t matter how much I pay, it’s still not enough.

They sent me a letter saying:

"This letter is to inform you that Midland Credit Mangement, Inc. Is Considering forwarding this account to an attorney with the intent to initate legal action to settle the debt.

Please call our office immediately at 800-939-2353 to make arrangements to pay this debt and prevent any legal action on your account"

What do I do?? I cannot afford this .. I have absolutely no funds, and there no point in calling telling them that because well, what are they gonna do?

I’ve told them that I can pay it when I get a job, which I am currently looking for, but if the case goes to an attorney, what are they gonna do? even if I will have to go to court, that’s still not going to get them money .. because I don’t have it. I also have no assets, no car, no house, or anything. So what can they do?

I’m really worried. I am still trying to find any job I can, but even if I do, it will take me a while to save up that much money.

Thanks for your help.
oh, and if you’re wondering, i’m posting this from my aunt’s house, I cannot even afford my own internet. LOL
CAN they take me to court though, over this debt??

Technorati Tags: amount of time, assets, collections, credit management, job, late fees, midland, much money, thanks for your help, visa