my car got reposessed last week, any they won’t let me get it back by bring the late payments current at all. So what’s next, will i have to hire a lawyer? When will they take me to court? Should i file for bankruptcy?
well they said they wanted the whole balance, which is 12,000
well if they sue me for 14k, then i would have to get a lawyer and proceed to file for bankruptcy, which i never wanted to consider, ever
i was a few months behind and it was not a buy here or pay here lot, i tried making two payments but my check bounced

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I was young, (22yrs old) had 2 jobs and made good money. I decided to trade in my old junk of a car and buy a brand new car. I had no credit history so my then bf helped co-sign for my new car. My interest was sky high but I didn’t care at the beginning because I had no idea what I was doing. I paid a very large amount per month and then after about a year, I lost my main job. A few months after that, I lost my other job. I now was collecting unemployment and went through HELL to make sure that car was paid off every month. I started making late payments and my life was just a mess because not only did I have to pay for that car, I had the insurance, rent, etc. I was no longer able to pay my car and that day came when Mr. repo came knocking on the door. They took my car after 2 years of me working my butt off and they auctioned it off for SO cheap (almost had a heart attack at how much they sold it for!)

This was in 2008 and 2 years later, I’m still struggling financially in more ways than a hundred lol…I have really bad credit, I can’t even open a bank account and I feel like my once so organized and amazing life is now totally off track. I don’t know what to do. These are my questions:

1. If I open a bank account, can my lender seize all my money? Not a savings, a checking account.

2. Being that I did not pay the upside down on the car (,000) should I file for bankruptcy and is it too late to do that after 2 years? And for those who want to suggest that I pay off the 16 grand, I’m not because I’m not going to pay for a car I don’t have anymore and you might say well you’re stuck with it you should have never bought a car you can’t afford I don’t want to hear it because you don’t know my story. I want serious answers, not answers that are going to sound mean and not help.

If there is anything that I’m missing? Please, any advise would be GREATLY appreciated. Thanks in advance

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I was young, (22yrs old) had 2 jobs and made good money. I decided to trade in my old junk of a car and buy a brand new car. I had no credit history so my then bf helped co-sign for my new car. My interest was sky high but I didn’t care at the beginning because I had no idea what I was doing. I paid a very large amount per month and then after about a year, I lost my main job. A few months after that, I lost my other job. I now was collecting unemployment and went through HELL to make sure that car was paid off every month. I started making late payments and my life was just a mess because not only did I have to pay for that car, I had the insurance, rent, etc. I was no longer able to pay my car and that day came when Mr. repo came knocking on the door. They took my car after 2 years of me working my butt off and they auctioned it off for SO cheap (almost had a heart attack at how much they sold it for!)

This was in 2008 and 2 years later, I’m still struggling financially in more ways than a hundred lol…I have really bad credit, I can’t even open a bank account and I feel like my once so organized and amazing life is now totally off track. I don’t know what to do. These are my questions:

1. If I open a bank account, can my lender seize all my money? Not a savings, a checking account.

2. Being that I did not pay the upside down on the car (,000) should I file for bankruptcy and is it too late to do that after 2 years? And for those who want to suggest that I pay off the 16 grand, I’m not because I’m not going to pay for a car I don’t have anymore and you might say well you’re stuck with it you should have never bought a car you can’t afford I don’t want to hear it because you don’t know my story. I want serious answers, not answers that are going to sound mean and not help.

If there is anything that I’m missing? Please, any advise would be GREATLY appreciated. Thanks in advance

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im about 5,000-6,000 in debt…i can never make my monthly payments because i have 2 kids to take care of…every paycheck goes to paying the bills,food,gas,and my credit card payments…any advice about what should i do?….does credit counseling really work?…should i try to get a loan even though my credit is REALLY bad now…or should i file for bankruptcy????…help please!!!….hate being broke for the mistakes i made when i was younger…

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I know my best option is to talk to an attorney, but I’d like to get some pre-attorney advice on here before hand.

The big question is, should I file for bankruptcy? I am only in my early 20’s, and I made some mistakes when I was in my teens. Without getting in to the story, what I will say is that, all of my credit cards were charged off, and sent to third party collection agencies. I owe about ,000 all together.

I was told that a charge off looks horrible on your credit account, and the only way to recover from a charge off is to wait the seven years for it to wash off your report. How do seven charge offs look compared to a bankruptcy? I am still struggling to pay them off, and my monthly income is sufficient to live off of and pay things such as rent, food, utilities, and for my dependents. There is legitimately no money left over to even think about negotiating the money. I know I owe it, and I’m not denying that, but I’m trying to figure out my options from here.

What are the benefits from filing for bankruptcy VS waiting it out and paying them off later down the road?

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Help!!! my car has just been reposessed, if you been thru it before , please give me some good advice?
They reposessed the car last week, and told me i do not have the option to bring the payments current , they now want the full balance which is k, they also told me to get a loan with someone else, they done doing business with me. I have tried paying my car note on time, but i have had some financial woes lately, raising a little baby by myself without the father’s financial support, so it has been tough for me. My major concern right now is when they will take me to court for the remaining balance, because i definitely will not be able to pay a k car note without having the car, i simply can’t afford it, should i get a lawyer to represent my case against the bank, or should i file for bankruptcy, i never even wanted to file bk, but i may have to……i need your advice, thanks
Category
i will use my tax refund next year to buy a car with cash outright and just fix it up if need be

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Since 2005 i messed around with alot of my credit cards. I have a big debt on my head becuase i am unable to pay for the payments. The charges are mearly careless things such as resturaunts , purchases, medical, and more. When i started using my cards it was only for a few months time. Since then i havent used my cards. I have a debt of 7000 dollars. I an unable to pay it back as for i am unemployed. I decided to live off my cards a little more because thats the only solution for now. Should i file for bankruptcy in order to get rid of this big debt and start all over? Can i file for bankruptcy? IS it a hard processs? please advise.

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my car was reposessed last week, any they won’t let me get it back by bring the late payments current at all. So what’s next, will i have to hire a lawyer? When will they take me to court? Should i file for bankruptcy?

Technorati Tags: late payments, lawyer, should i file for bankruptcy

I have about 00 in credit card dept and another 6 in medical. Its not that I didn’t pay on them its that I was in a car accident and my medical went into collections and messed my credit up and when I went to do a balance transfer I was denied..so I couldnt make my minimum payments when my rates went up after the initial 6 months. I would make what I could every month but adventually I couldnt keep up. HSBC would not work with me and sent me into collections. I was very supprised they woldnt work something out other than 0 payments per month. should I file for bankruptcy? I wont ever be able to make good at this point with my income and financial standing. I am not willing to go through a 800 credit debt program I work for a financial institute and they said you end up paying way more than what you owe this way. What other options do I have?
how much does fileing bankruptcy cost about?

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I have about ,000 in credit card debt. I don’t have any income or assets of any kind (unless you count clothes–I’m living with my parents and borrow their car if I need to). The credit cards have been slowly going into default ever since I lost my job two years ago and now I haven’t been able to make any kind of payments for about 9mos, so they’ve all gone into collection. I won’t be working again for at least a year or two. I’m sick of all the harassment from the CC companies, and also am concerned about them taking all the money I make when I’m eventually able to return to work.

But I’m concerned because a) I can’t make payments of any kind on a bankruptcy settlement and b) I could only afford maybe a few hundred dollars for lawyer fees and everything.

Should I file for bankruptcy or just ignore the debt? Will they take all the money I make when I’m finally able to return to work if I don’t declare bankruptcy?

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Can I file for bankruptcy or Should I file for bankruptcy? Yes I have a job, but I can’t afford to pay all the bills off and I don’t know what to do. I would like to just start over I want to be able to buy a house in the future…

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I have been married for 6 years. When I was first married, my husband would use my ssn for his own personal usages. Such as, adult chat lines, and utilities… I was not working for the first three years, and in that time, he opened credit cards, fell delinquint on our utility bills, and never paid a single bill.

I am now 26 with two children, and I am tired of having to move every year because he won’t even help to pay rent now that we are both working. He makes twice, if not three times what I make annually.

To sum up, my credit is a mess, I need to clean it up and I am not making much working my full time job… I would love to have a home one day in the next few years or so, but need help.

Should I file for bankruptcy?

(please, no comments about divorce. I am not looking for that type of advice)

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I have fines that are preventing me from getting my liceinceback. Should I file for bankruptcy?

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I lost my job 3 months ago and now my bills are getting out of hand. I’m about 10,000 in credit card debt. Should I file for bankruptcy? or are there any other options. I know once I find a job I will be able to get back on top but its really hard… any advice?

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I am K in debt (credit cards and personal loans). Monthly payments consume over 50% of my income. My husband is debt free has a good income. We have an interest-only home loan that will change to an adjustable Jan. 2010. There is no way we can afford this new loan monthly payment if 60% of my income is going toward my credit card debt. We also cannot sell or refinance because our home has lost 35% of its value. Not having to pay 60% of my income every month would help us immensely.

Any suggestions? Should I file for bankruptcy?

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i have several rental property, i am renting them and i am bearely getting enough money to pay the mortgage., this year i gota pay taxes insurance close to 36k in taxes, and i dont have that money., should i file for bankruptcy? should i let the houses just go foreclosure? what is worst? pls help

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I have unpaid Medicals bills that are in collections (about 11, in the amount of 7,000 $$) With 2 positive current loans on credit report. Should I file for bankruptcy? Please offer Pro & Cons. Keep this in Mind I would like to purchase a home within a year or two.

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Ok, here is my situation.

When I was 19, I was stupid enough to let my family get a house under my name under one of those "liar loans" (the ones where they falsify tax returns to make it seem like you earn more than you actually do. The house was under two loans, I lost the house to a foreclosure. I had a car that I was not able to keep making payments on, it was repossessed. I also had a credit card that I was not able to pay back. It was also closed. (I actually had two, but I was able to pay one off)

I currently have only a pickup truck to my name.

What do you guys think I should do? Should I file for Bankruptcy? What about the foreclosures and repos? How long do they stay on my credit? And the credit card….I can probably pay that one off. (it’s in collections)

I honestly have no idea what to do. I also have a student loan i’m having trouble repaying, but I already know those are exempt from bankruptcies.

I need help…bad. Guys any advice you can give would be greatly appreciated. I realize I was living beyond my means and ultimately this is MY fault. But I want to make things right again. Thank you for your time, I know this was a very wordy question.

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I am permantly disabled and only recieve VA disability and SSD. I have appx 70K in CC debt. Should I file for bankruptcy or just let it go since they can not collect anything since I am judgement proof. When I contacted a lawyer he asked me why I wanted to file for bankruptcy when they could not collect. I need imput

RS

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I have 3 unpaid debts on my credit report from 2003. The debts total almost 10 grand. I am disabled and unable to pay them. Should I file for bankruptcy or will they fall off my report after 7 years? (next year being the seventh year)

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