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Butterfly_sky
I am not a big fan of filing BK except in certain situations and this is one of them.
As others have suggested please go talk to a BK attorney. Also this is not the time you want to find the "cheapest one", you mention that these medical bills are the only "debt" you have in your name are you joint on any of your husbands credit cards? This is why you want a good attorney he will be able to tell you if you can file separately without involving your husband.
The only correction is the BK will stay on your credit report for 10 years not 7 like regular credit reporting issues.
But as others have said in a year or 2 you can start rebuilding your credit history.
one of the reasons our healthcare system is so bad is because we have so many spongers, and we are going to have a lot more with nationalized healthcare. good times!
No, the problem with our health care system is that it cost 30 grand to pop out a kid, and putting a band aid on requires an overpriced MRI and a tracheotomy @ 20K a pop and a hospital stay that cost more than going to a five star Caribbean resort, all substantiated by an industry of doctors and managers, equipment manufacturers and pharmaceutical companies who are able to "substantiate" the operating cost of said technology (the "we provide the highest quality health care in the world therefore the price is right" argument) through the magical vehicle we call inelasticity of medical care demand. Geniuses figured out you can price gouge the service and people will always opt to load up with the financial burden, even when clearly incapable of doing so, rather than opt for death or disease. People going to the ER for a cough is a side symptom of the current architecture of our health care networks and a mere deflection of the real issue. It's profiteering in its essence and a rather obvious by-product of health care as a for-profit business model. It's perfectly acceptable for fire and police services to be socially subsidized but touch health care and now we're all a bunch of flaming socialists. Meh...Take the BK, hell there's people getting do overs in houses they never were supposed to dwell in to begin with, your case is morally ahead of the mortgage homeloaners, take the credit ding and move on with your life....
Wow! That's all I can say. Can you ignore it? I mean, you kind of have to do that, right? Think of it like the Feds ignoring the federal deficit. If it makes no dent of difference to your current quality of life, ignore it. I'm sure that sound nuts to some people. Bankruptcy make the most sense for you to investigate. Look at EVERY option, I say. Its like that credit default swap mess that burst the global economy's bubble back in 2008. What's wrong with using bankruptcy? In your case, you should be using it.
"there's no way in hell you can pay this" <-- What jimj said, yes, that's it.
OMG, stop responding to ooooold posts. Here i'm writing an answer, confused about the OP's age thinking it was written resonantly. When I go back to read op again I realize it's from 2008! Why are you all digging up 7 year old posts?
Unless you are making tons of money and you are able to save tons of that money to pay off debt there is no way you will pay off that debt. You'll be paying it off for the next 10 years, at least. Do you want to be doing that?
If I was in your situation I would definitely just go the bankruptcy route. In seven years the bankrupcy will be removed from your record. After the bankrupcy you'll probably have a hell of a time getting any form of credit, which IMO, is a good thing. You'll be forced to pay for everything in cash and live within your means. Credit these days does more harm than good for the average joe. Also by the time you are 32 and the bankrupcy is removed is when you will probably be a decent position to purchase a home, if you want to of course. You don't need credit when you are in your 20 somethings. If you asked me, the only reason to get a good credit score is to get a low fixed rate mortgage and that is it. Once you've got that it won't really matter what your credit score is.
I know this post is old but reading this post irked me.
A more important reason for keeping good credit is so that you can get financed at low rates and lenders don't turn you down when applying for a asset. Getting a low mortgage rate is one reason but not the only reason for maintaining a good credit score.
In 2004 I became very sick, almost died after going to Mexico. It took me 3 years just to get a diagnosis, which they found to be incurable. I haven't worked since 2004 when I had a great job at the State Attorneys Office. I'm 25 btw so I'm young and very in debt.
I had an mystery disease at the time and I can't say how many doctors I've seen but I'd say well over 25 and been to the ER close to about 30 times. I always had health insurance but not all was paid for by them.
Right now I'd say I've got between $50-$70,000 medical debt. Thats the only debt I have.. My husbands credit is good and he has a great job in the Law Enforcement field.
I don't know what to do. I'm currently applying for disability but I just can't pay these bills and its hard on one income. I fear we'll never be able to buy a home, or a car. I've never had a credit card offer in my life.. The thought of Bankruptcy scares the living s*** out of me. I've called the collection places, the hospital etc and they won't work with me cause I owe too much and I can't pay off every bill every month when you're talking 30 bills a month coming in.
Help.. there has to be some kind of option other than Bankruptcy.. I don't want to be this young and in debt. I feel like literally my future is over and I'll be suck living in an apartment struggling the rest of my life
Nope your only option is bankruptcy. Better now than later. You'll be debt free and won't have anymore medical bills.
I'm confused. Are you 25 now and therefore were 14 when you went to Mexico and worked in the state atty's office?
Or were you 25 then and are now 36?
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