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And since none of this is YOUR fault, I guess you'll just sit at home and watch TV on the Plasma TV that you bought with the credit card you now refuse to pay?
And since none of this is YOUR fault, I guess you'll just sit at home and watch TV on the Plasma TV that you bought with the credit card you now refuse to pay?
Hey Loose Canon,
Let me give you some sound advice and not criticize you, I have been where you are and after losing my job I could not pay my cc debt, it's enormous. Anway call a debt settlement company, and have them negotiate a smaller amount to satisfy the loan, then over time rebuild your credit, if you do not pay this they will find you and can seize bank accounts, cars, anything of value and if you get married they can also attach garnishment to your spouse. Your balance is not that high you would be able to take care of this in a short time, and you will sleep at night not being hounded my collections and them finding you anyways. The price you pay for ignoring debt can make your auto insurance higher, you can be denied a bank account or job because of it, these are facts. I wish you well and please don't make the same stupid mistake I did.
Hey Loose Canon,
Let me give you some sound advice and not criticize you, I have been where you are and after losing my job I could not pay my cc debt, it's enormous. Anway call a debt settlement company, and have them negotiate a smaller amount to satisfy the loan, then over time rebuild your credit, if you do not pay this they will find you and can seize bank accounts, cars, anything of value and if you get married they can also attach garnishment to your spouse. Your balance is not that high you would be able to take care of this in a short time, and you will sleep at night not being hounded my collections and them finding you anyways. The price you pay for ignoring debt can make your auto insurance higher, you can be denied a bank account or job because of it, these are facts. I wish you well and please don't make the same stupid mistake I did.
jadbad
False statement . CC debt , is unsecured , . With out a judgment , thru a lawsuit , they can not do much of anything. You do not need a " negotiator," a waste of money , just when you need it the most. make your own deals with the CC companies , document it well , have proof , should it come back to bite.
Unless the CC debt is over 100,000 , most likely they will not bother with a direct lawsuit. Your bad debt , will be sold to various " collectors" , who ever collects , gets a major portion of the spoils. If uncollected , after three years , it goes away , they give up. ( Your credit score will be affected for some time). However , a lot of people don't care about that ether , especially when they are facing a foreclosure, and , have no place to live. Food and housing should always come first , preserve your cash , you will need it even more when you are homeless.
That is what i was referring to ..That a judgement can be made against you and I spoke with an attorney because I received a summons I was being sued, I also found out they may not be able to directly take my VA disability but once it is in my account it can and will be seized. I was letting them know and anyone else it will not go away...And some CC companies will not negotiate directly with you, I tried this with mine and was flatly denied.
That is what i was referring to ..That a judgement can be made against you and I spoke with an attorney because I received a summons I was being sued, I also found out they may not be able to directly take my VA disability but once it is in my account it can and will be seized. I was letting them know and anyone else it will not go away...And some CC companies will not negotiate directly with you, I tried this with mine and was flatly denied.
It does depend on what state you are in also. savings and loan banks, credit unions , are the worst. If you are in that bad a fix now , don't put anything in the bank. cash all your checks , do not do direct deposit.
The credit card companies and their collectors , will always take the easiest way . They will look up your last payment , the bank it was written on , and , go there first. Same goes for judgments , there is protection out there , they can't take everything. Seek legal help , someone who knows the laws as they apply in your state. Bankruptcy may be your best avenue , once you file , the nightmare will be over.
Thank you, this is what I plan on doing, I know that this debt I received a summons for was sold off, the others do not state that but I figured why take a chance that they will not continue to threaten me, the last account I made a payment on does not get much activity but my VA, I have since moved to a different state and have a different bank for my living expenses here. I only hope once I tell them I'm filing bankruptcy they will not push for a quick court date and garnish my husbands wages before the bankruptcy is actually filed. Athough I have been told that they may not because they know any judgement they get will be discharged.
What's wrong with being in debt? I have $15,000 in unsecured debt and $17,000 on a car loan. Because I kept my nose clean, played it smart and took advantage of balance transfer offers, I have a combined interest rate of 4.3% on all of that debt, and once I get the AmEx paid off, it'll be 3.8%. In that situation, it's not why pay it.. it's why pay it off? After the inflation effect, it's like financing for free.
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To Loose Canon
