have been laid off for a while. I have a personal loan, phone bills and about four credit cards. All my credit adds up to about 20k. I just got a new job and I am making about 2400 a month. My rent is 600 a month and I have about 200 monthly bills. All my credit went into collection agencies. Does anyone have any advice…Its not so easy just to pay it off because of my other expenses and settlements usually require 2 or 3 payments to pay off the whole debt. My loan alone was 8 thousand dollars. I want to pay all this off. Can you please give me advice how to pay it all off and than gradualy how can i rebuild my credit. Another option is bankruptcy…I live in New York. If I do bankruptcy, how bad would that affect my future. Also, would it affect me inheriting a house? Would it be a good option? I know it stays on my credit report for 10 years but can i still build credit after filing bankruptcy and how soon? thanks.

Technorati Tags: 10 years, collection agencies, credit cards, credit report, filing bankruptcy, new job, personal loan, phone bills, thousand dollars

….If they never signed a contract or any kind of written agreement?

My grandfather loaned his sister’s grandson, Zach,(my second cousin) a loan of twenty thousand dollars. He claimed he was going to better his life by taking flying lessons to become a pilot. He convinced my Papaw that this was basically a "education" loan. My grandfather, being the generous and giving person he is lent him the money and set up a payment plan with Zach to get the money back over time. This was in April of 2009. My Papaw was diagnosed with cancer in June 2009 and passed away in November 2009. Zach made payments until November 2009, when my Papaw passed away.

Before my Papaw passed, he told my aunt (which is over his estate) to make sure that Zach keeps making payments. Now Zach has become extremely disrespectful to our immediate family. He doesnt make any payments, he doesnt return calls or texts and he gloats and posts pictures of a new small business he has opened on Facebook. My aunt even met with him and lowered his payment so he would be able to pay.

So what I am wanting to know is, without having any written agreement between Zach and my grandfather, can we take him to court to get the money back?

Also another detail is today we ran into him at the bank and he said "I just filed bankruptcy, my lawyer should be in contact with you"

Technorati Tags: bankruptcy, cancer, education, immediate family, lawyer, lent, money, papaw, pilot, second cousin, small business, texts, thousand dollars

My b/f is currenty filing for bankruptcy. We got credit cards when we bought our house and we just got way out of hand with them and are now in alot of financial trouble. There are about five cards out of the many that I am a "joint" user on with him. We didnt know the difference between joint and authorized user when we were signing up for the cards or we would have never put me on as a joint with him. Im afraid that the creditors are going to come after me once the case has went completely through, because according to what I have read online they are allowed to. Is there anyone out there in this same situation or anyone that has went through it?? His lawyer told me that they dont always choose to go after the joint user but if the debt is over a thousand dollars they may. Is it true that they can not go after me if I am unemployed?? We had thought about filing together in the beginning but we are not married so we were not allowed to do that and would have to pay for two seperate filings when most of the debt is only in his name and about 6500.00 of it is in mine….

Technorati Tags: alot, credit cards, creditors, filing for bankruptcy, financial trouble, lawyer, thousand dollars

It’s really bad, and it’s not from me being irresponsible. But I was diagnosed with a heart condition when I was 20, and didn’t have health insurance. I was hospitalized a lot, and raked up some health bills. And yea, I will admit….after my credit was already tarnished and I knew I would have to file bankruptcy, I started to not care anymore. I have about 30 thousand dollars in bad credit…and I dont know where to start. Is bankruptcy the only option I have? My husband is army and I am a stay at home mom…although I will start working again once he deploys. Anybody have any advice for me…or any numbers I can call?

Technorati Tags: army, bad credit, bankruptcy, health bills, health insurance, heart condition, insurance, stay at home, stay at home mom, thousand dollars

In 2001 I started a job. On the day my insurance kicked in I had to have emergency gall bladder surgery. I gave the hospital all the information I had, when I got the bill (upward of ten thousand dollars) I contacted them yet again and gave them the information. This went on for years. I have disputed these charges over and over and yet I can’t get any relief. That is the largest debt I have. I also have a judgment against me for 00 – the woman who has this judgment against me is not really open to working with me to say the least. Should I send her payments regardless and try to dispute this hospital bill -still- or should I file a Chapter 7? Any advice is appreciated.

Technorati Tags: chapter 7, gall bladder, gall bladder surgery, insurance, job, judgment against, ten thousand, thousand dollars

I am 21 years old when I was 19 I bought a car and took out a loan for it. Then six months later I lost my job and soon after I surrendered my car up to be repossessed. Then like six months after that I got a letter saying I owed the company over seven thousand dollars for the money they lost. also at the same time my sister who was 16 ran up my cell phone bill and i had to disconnect it. adding another 400 dollars to the already 900 dollar phone bill. Since I lost my job I was not able to pay these bills and when i finally did find a job I barely made enough to cover the bills i had. now I am just wondering if it would be easier to just file bankruptcy and start over or should I try to pay the thirteen thousand dollars. With all the stuff on my credit it comes up to a little over thirteen thousand dollars in debts. What do I do?

Technorati Tags: bankruptcy, cell phone bill, debts, dollar phone, job, money, six months, thousand dollars

I have three real estate properties that were recently forcelosed on, and I only have a few thousand dollars of credit card debt. I want to file bankruptcy but do not know how it will affect my security clearance in the Navy. What are some of my options?

Technorati Tags: bankruptcy, credit card debt, navy, real estate properties, security clearance, thousand dollars

I am on the borderline of filing for bankruptcy, i have about 9 thousand dollars in debt so i would really like to avoid bankruptcy if possible…i just dont know the different alternatives…BTW my account was charged off so they told me i couldnt workout a repayment plan…they told me that i would have to come up with the amount in full or they could settle for about 60-70% of what i owe em but i still dont have that kind of money

Technorati Tags: filing for bankruptcy, money, repayment plan, thousand dollars, workout

We are refinancing our house to pay off some credit card debt. I have heard that the debt management companies will negotiate on your behalf and either lower the interest rates or lower the amount they will accept to pay off the debt. I have also heard you can do that yourself.

Anyone have any experience with this tactic? I have also heard that trying to settle for a percentage of your balance will wreak havoc on your credit rating. Is it worth it to save a couple of thousand dollars?

Do you try and reach an agreement with the first CSR you talk with, or does it only count if you negotiate with a manager or other official? Should you get the agreement in writing, as well as any effects on the credit rating? What is an appopriate percentage to ask for (50%? 60%?), or does it depend on factors like amount owed, past payment practices, etc.? Does it help to threaten you might be filing for bankruptcy if they do not settle?

Technorati Tags: credit card debt, credit rating, csr, debt management companies, filing for bankruptcy, havoc, interest rates, payment practices, tactic, thousand dollars

any one know how to file bankruptcy by yourself in the state of california exempting your Workman’s comp settlement coming into you on your own since you cant afford to pay thousand dollars for them to do it for you i really don’t want my money garnished and i don’t want my settlement taken away from me what do i do some one please help me

Technorati Tags: bankruptcy, money, state of california, thousand dollars, workman

I have somewhere in the neighborhood of 20 thousand dollars of dischargeable debt. I am college educated and usually able to logic my way out of a box. There are lots of online bankruptcy programs that would save me a considerable amount of money. But am I setting myself up for failure if I use an online program instead of an attorney?

Technorati Tags: amount of money, bankruptcy, failure, logic, neighborhood, thousand dollars