In my last mania I destroyed my finances seriously. Now.i have 3 choices as to what I can do to solve it.
Not sure what to do
doing nothing won’t destroy your credit forever. Eventually those unpaid debts fall off your credit report. I also ruined my credit via mania and I’m still waiting for those things to fall off my report. Some of them come off in 3 years, some 4 years and some come off in 7 years. The debt management company I worked with told me it’s better to let them come off than to file bankruptcy because the bancruptcy takes 7 years. I’ve managed to reestablish credit and have already started building my score back up. I have about $5000 in credit card debt that will fall off my reports in another year and I’ve managed to get my score up to 630. That’s not too bad since it was under 500.
I’m using creditkarma.com, it’s actually working
Mine is about $25000 in debt. I think doing nothing is my best bet. It’s all just so scary
Did you change your phone number ?
no I did not, I did hang up on a lot of collection agencies though. Does you debt include medical bills? How did it get so high?
No medical
I bought tons for the kids and I
I bought huge amounts of food
I got hooked on an online game
I bought a car.
I got the kids.glasses
I got the kids dental care
My ex boyfriend scammed me out of thousands of dollars.
And it goes on and.on
Is the car in danger of repossession? Other than that, if it’s just small credit cards or other unsecured debt, they most likely won’t take you to court. From what I understand if you have larger credit cards they might take you to court, where you could be ordered to pay according to the judges orders. Then that’s a different ball game. But all my stuff was smaller amounts, just lots of them. So they just sent it all to collections. No one took me to court. I feel bad but I couldn’t pay after I became disabled and I still don’t have any extra income really. I wish I could pay it off but I don’t see it happening.
It is all unsecured debt
25000 in unsecured debt? Jeeze! They were kinda asking for it.
Everyone wanted to give me credit cards and loans. And i fed off it. I hate this disease
I know, I do too. I just got another credit card during this last manic. It was $1000. I already spent $800 before I realized what I had done. I’ve sent back about $250 of the stuff. The other stuff is stuff we actually needed so I’ll just go ahead and make the payments but crap I didn’t want another monthly payment. I’m trying to get my monthly payments down right now.
Another crash…I’m surprised by the economy didn’t crash already
I had a ton of debt. Everything in connection. Never paid it. Mostly medical and little stuff. My credit score was around 500 less than 10 years ago. Now it’s over 750. I only have one credit card and I pay it off every month. It really helps get my credit score up. It went up almost 100 points in one year just doing that.
I would go 2.
I think its only rational to go on debt to make a lot of money that pays off debt and remains some
But I think bankers shouldn’t be so greedy
Having permanently destroyed credit can have disastrous consequences. 1 or 2. Maybe 1 considering paying 3x as much for 2 years less of destroyed credit seems not a good deal to me.
I would file bankruptcy.
I had a bunch of medical bills that just fell off of my credit report a couple of months ago.
Imnot sure how credit card bills work. I would think they charge interest until paid off or you declare bankruptcy.
I’m no expert…
I had a bill for going to the emergency room for an emergency order of detention. It was only $70.00, but I was thinking, “You took me to the emergency room against my will. Hell no I didn’t want to be there. Hell no I’m not going to let you charge me for taking me there.” I eventually paid the bill, but I made them wait a long time.
when I first got sick I didn’t pay on any of my debts…including my car payment…after I finally stabilized some seven months later…all I got was some harassing phone calls from the credit companies and then it was done…
bankruptcy should only be done if you have like half a million in debt…
I have over 9,000 in debt from bills but 37,000 in student loans. I’m trying to get the student loans discharged
I pick number 1. Depends on what chapter Bkr you get. Even with some bankruptcies you still have to repay some of the debt