Question by : ,000 in credit card debt, an hour, long story HELP!?
Okay, long story short (I hope!) I mortgaged two rental properties until October of last year (2008) BOTH tenants moved out, SAME DAY (seriously) without me knowing. I had trouble paying bills after that and HAD to pay the remaining prop taxes in order to give these properties back to bank in the form of “in deed of lieu’s” in April 2009.
I used my credit cards for medical bills, prop taxes on rental homes, etc…. because I make $ 11.00 an hour and have NO medical insurance. It worked for awhile as I was doing just fine……Until the tenants moved out. After that, the $ 700 in credit card bills started coming in, the mortgage on my home is only $ 515, but when you make only $ 11 an hour that is a lot. I have a car payment of $ 300 which I need to pay because my job requires 12,000 a year for travel. I do get mileage checks, but there is NO TAXES taken out of those checks, so they should NOT be taken into consideration for income as I do not have to claim that income on my yearly taxes.
I cannot afford my credit card bills and am already behind. I called ALL of them and some worked with me, other’s not so much. I will be embarrassed to have my wages garnished as I do work for a federally funded program and even though it only pays $ 11 an hour, I have been there 15 years and know everyone pretty much.
What can I do? What can I expect? I already did the “credit counseling” thing….they said I already did my job in contacting all my creditors in making a deal. they could do no more than what i did, but some are still not budging.
I would like to pay the minimum due on the cards I can afford and not pay on the ones I can’t. Should I stop paying all of them?
AND BEFORE SOMEONE SAYS i SHOULDN’T HAVE GOT MYSELF IN THIS SITUATION IN THE FIRST PLACE…….I called ALL my creditors to TRY to work out a plan, so I did my part. I agree I owe on these cards! I cannot file Bankruptcy because my father purchased a cabin CASH for 8 grand in 2000. He decided to put it in MY name because eventually it will be mine. SO, when I knew I was getting into trouble, I transferred the cabin BACK to him April of 2009. I have to wait 2 years for that to clear.
I need help. Please let me know what i am to expect…..
Best answer:
Answer by abcdefg
I’m 30,000 in credit card debt, and I’m unemployed (so is my wife) — no savings.
My wife ran up my cards over 4 years, buying starbucks, clothes, lunch at applebees, etc.
I didn’t use my cards and she’d always say, “oh i charged a little but I paid most of it off”.
And I believed her………ha, I’m dumb.
Anyways, you’re going to just have to pay it off……….maybe work two jobs if you have to.
Maybe you’ll get lucky and meet a generous millionaire or you’ll end up making more money.
Either way, it’s your debt and you have to pay it or you’ll be totally screwed for like 10 years.
Give your answer to this question below!
Question by Sam: Collection agency sueing for past credit card – in Texas?
Ok, so I screwed up big time in college and got a credit card my freshman year. During my last year I was pretty much living on ramen noodles and said screw the credit cards (stupid, I know) but it has finally caught up with me.
I found out that I am being sued (through one of those stupid “file bankruptcy” companies) and the amount is 3,330.22. At this point in my life, I am able to make payments towards this credit card… So here is my questions:
1. How do they serve me papers since they keep showing up at my parents house refusing to talk to my mom to get my new address.
2. How do I find out when the last time I paid my to see if the SOL affects this.
3. When I go to court, do I need an attorney?
4. I know in Texas they cannot garnish wages, but they can freeze bank accounts, should I be worried about this or am I ok since it is a joint account?
Sorry for the multiple questions, but this is a new (and hopefully last) experience for me!
Best answer:
Answer by Sgt Big Red
Question 1) they (the process server or court agent) can not discuss anything with another party other than you. Hence they can’t ask for your new address. When you say “they” is it an officer of the court or some bozo from the collection agency.
Question 2) Your credit report should show the date the debt was charged off or sold to collections. The SOL for Texas is 4 years, so if this debt was sold off or charged off over 4 years ago, the collection agency has no legal grounds to file suit.
Question 3) It would be advisable to hire an attorney but you can appear “pro-se” (represent yourself).
Question 4) Your right, they can not garnish wages. If it a joint account they would have to figure out how much is yours. You can simply move the account to an out of state bank to keep them from garnishment.
Now to my question, did this occur due to your hiring an agency to file bankruptcy for you. If this is the case, then this debt should have been listed in the bankruptcy. If you listed it and they failed to include it, then you may have legal recourse against them.
Hope this answers your question.
LEGAL DISCLAIMER: The advice contained herein is for informational purposes only. It is not to be construed as Legal Counsel nor Legal Advice.
What do you think? Answer below!
Question by : Can a mortgage co, not included in bankruptcy, report “discharged in bankruptcy” on my credit report?
I filed for Chapter 7 bankruptcy in 2005. I only included credit cards in my bankruptcy. My mortgage company, however, reported on my credit report that the mortgage was included in the discharge of my bankruptcy. I was never late during the entire time of my bankruptcy through 4 years later when the home was sold. This record on my credit report is showing to be negative information and has an impact on my score from only credit reporting agency. The other credit reporting agencies that do not list this information has my credit score 36 points higher. I disputed the information and was told that the creditor reports the information to be correct. I contacted the mortgage company and they informed me that they had a right to report that information on my credit even though they were not included. Is there a remedy to remove this negative information from my credit report?
For a better understanding of my situation, the mortgage company only reported the negative information on my credit report after they received noticed that I filed for bankruptcy. They claimed that it didn’t matter if their debt was not being discharged. They believe they were still entitled to state under the mortgage that the mortgage was included as discharge in bankruptcy since I was in bankruptcy status.
For a better understanding of my situation, the mortgage company only reported the negative information on my credit report after they received noticed that I filed for bankruptcy. They claimed that it didn’t matter if their debt was not being discharged. They believe they were still entitled to state under the mortgage that the mortgage was included as discharge in bankruptcy since I was in bankruptcy status.
Best answer:
Answer by Dan B
It looks like they continued to accept your payments on an account that was discharged in bankruptcy. Since they accepted the BK and reported it as discharged, they weren’t entitled to the money you sent them. You may need to contact a BK attorney and have them write a letter to either return the money or remove the discharge from your credit profile. I think they’ll take the latter.
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Question by Silver Cyborg: To be eligible for bankruptcy you need 6 months of credit counseling now but how much = 6 months?
Six months as in 8 hours a day 7 days a week, or like 6 months = like a 30 min. session a day or what? Exactly around how many clock hours of “counseling” ?
Best answer:
Answer by spifiman1
It refers to being enrolled in a certified credit counseling service for 180-days.
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Question by NYlisa: problems getting a low interest credit card due to bankruptcy 10 yrs ago?
hi, I had to file a bankruptcy 10 yrs ago(in May) due to my husband (who is an ex now) charging up my card almost $ 40,000 and running off with his new girl friend leaving me with a debt I couldn’t begin to pay since I wasn’t working at the time. What Im asking is why am I still being penalized and denied credit or offered ridiculously high apr rate cards after 10 yrs of excellent credit. I now have 2 cards that I didnt go bankrupt on cause there were very low balances on them and I was able to pay them off but in the 10 yrs I have been making payments not only on time but twice a month and very high payments, for example I made a $ 1500 monthly payment on a $ 10,000 balance and always on time or early so I have had really great credit in the past 10 yrs and the bankruptcy wasn’t my fault and still I can’t get a decent low interest card, they keep denying me due to my past “bankruptcy” and the cards I already have refuse to lower my interest rate. Can they do this, I canceled one of my high interest cards, paid it off in full and now I only have one card left with 16.9% interest which I think is still too high so I keep applying for lower rate cards and get denied. I don’t get it, Im a perfect candidate for credit and they still deny me. Meanwhile my sister had a bankruptcy 12 yrs ago and she was able to get a 3% interest rate card with no annual fee. And she had a $ 120,000 balance when she went bankrupt, I only had $ 37,500. It doesn’t seem fair. Sorry this is so long, I don’t know how to make a story short..lol
my 10k balance is now down to 3k, I am paying it off $ 1500 a month. My total credit card debt on all my cards(2) is 4500 and I should have the whole thing paid off in the next 3 months. No more charging for me after that, Im canceling my cards and just using cash. I’ve had it with credit cards changing the rules and doing what they want.
Best answer:
Answer by rmm
If you only buy what you can pay for, and pay off any new cards at the end of the month, then the interest rate doesn’t matter.
Don’t use credit cards as a loan, use them as “convenience cards” – meaning pay off the card each and every month. Don’t carry a balance and interest rates just don’t matter.
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Question by mommy23girlys: How can I get the rest of my debt erased off my credit after bankruptcy?
My bankruptcy has been discharged for two years now. Mostly all the debt on my credit has been deleted, but there are about 6 items left. On the report, it says in the comment section “included in Chapter 7 bankruptcy”. How can I get the remaining ones removed?
Yes, the items remaining were all included in the bankruptcy. They say “included in bankruptcy” and it has been discharged. All the the other accounts were deleted off my credit. But there are 6 still on there. I thought I could just have them removed also since they were with the bankruptcy.
Best answer:
Answer by wartz
It sounds like your credit report contains factually true statements. You don’t state if the creditor is still trying to collect or not.
Add your own answer in the comments!
Question by jefkas532003: Can i declare bankruptcy after signing with a debt relief company like “credit solutions”?
Signed with the Credit Solutions a few months ago, and credit card company is still going to take me to court. I can’t afford the payments even with the credit solutions help. What should I do? Can I declare chapter 13?
Best answer:
Answer by james b
Yes, but I wouldn’t advise it. That ‘credit solution” company is just some third party business you enlisted.
Know better? Leave your own answer in the comments!
AdvantageCCS Gets Approval to Expand Bankruptcy Counseling to 13 New States
Advantage Credit Counseling Service is now able to offer bankruptcy counseling to 38 states total. ACCS has completed over 5600 bankruptcy counseling sessions in 2011. Advantage Credit Counseling Service, Inc. (ACCS) has recently been approved by the …
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Consumer Credit Counseling Service Celebrates 40th Anniversary, Reveals New Name
LAS VEGAS, NV, Jan 26, 2012 (MARKETWIRE via COMTEX) — During a breakfast with the valley's top business leaders this morning, the formerly called Consumer Credit Counseling Service celebrated 40 years of community service and unveiled its new name and …
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Blacks Face Discrimination When Filing for Bankruptcy
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