Credit Card Debt National

About nine months ago I lost my job and have been unemployed anot have not been able to pay my credit card debts. Some of my credit cards have been charged off and some are not. Just recently I was offered a job and been trying to make as much money to pay some of the credit cards. But with a full time and a part time job I cannot pay some off the credit cards that have balances of $1600. Collection angecies have threaten to take me to court and having said that I think if I consolidate my debt the counseling angency will stop them from taking me to court because I will be making payments to the agency through Credit Counseling. So what is a best option for me? I'm too deep in debt? I like to consildate by my monthly payments will be $330 each month. I'm also paying a car payment of $275 each month. That totals about 600 each month; I'm also trying to be a part time student at a University. What should I do?

So you probably have around a minimum payment of $166 - 200 a month.

First off, a credit card company may take you to court, but if none of them are worth more than $1600 they probably are just talking crap. Remember this... credit card collectors are usually the biggest pieces of lying filth in this world.

The one thing you should always remember when dealing with them is to NEVER give them any more money than you can afford. If you send the 1600 balance company $20 and they cash that check, chances are they aren't going to take you to court.

Let me just tell you what I did.

I had three credit cards, student loans, college tuition, a car payment, and an overdue phone.

What I did was I talked to each of the credit card companies and told them all my monthly payments from rent, food, car, phone... everything. Then I told them my complete budget and said all I can afford to send you is X. I never had a company tell me that wasn't good enough. If they were going to pull that I would have told them to sue me. Credit card companies cannot garnish your wages. All the credit companies stopped charging me over limit and late fees, and one even put my account at 0 % interest. The student loan put me on loan rehabilitation, and now it's not even on my credit report. I got current on the car payment and sold the car and started driving a paid for beater. The phone settled for half of what I owed.

I basically started slow, knocking out the smallest debts and worked up to the largest ones. Next month I pay off my last debt with the exception of the student loans. It's been three long years... and it required a lot of diligence.

I didn't want to do it any way but doing it on my own.

you should check out...


http://www.daveramsey.com

2008-03-24 19:52:16 by Pinto B

Link From: www.newzzcafe.com College students aren't just carrying massive text books around campus, they also have the burden of debt ...

I don't know, but, Bush did tell Americans to go shopping after 911. I guess he took his own words to heart.

2008-05-19 05:50:47 by MRF

Price: $100.00

Or should I consolidate my debt with the National Foundation for Credit Counseling which is a national organization? Is this a good idea to do or should I try one of those debt mangment programs like Allied or CareOne debt program?

What is the best thing to do right now for me?

Your ability to file for a bankruptcy is NOT determined by your amount of debt, but your ability to repay the debt.

To even be able to file for a Chapter 7 you are going to have to pass two means tests. The first is if you earn more than the average for your state, the second is if you have at least $100 in disposable income each month to pay back a portion of your debts. If you fail on either of these you could be forced into a Chapter 13 bankruptcy.

Now, if you are even considering Debt Management, it sounds as if you would be determined to have the ability to repay at least a portion. So you probably would not even qualify for a Chapter 7. So I would go the DMP route at first. If after you talk to them you find you can't afford to do that then talk to a bankrupcy attorney. Most will give you a free short consultation.

2008-03-12 22:03:54 by Pinto B

Bush came in with a national debt at $5000 billion - and will leave office with a debt of $10,000 billion.

He's been spending more than was coming in - and has put the shortfall on the 'American Credit Card' each year.

Whoever gets elected will have to start making some payments - if only to pay off the interest - but would be better to start paying some of it off.

WHich candidate will handle the economy better. And won't follow Bush's overspending.

Palin will sell Alaska on ebay to settle our debts

2008-09-15 15:59:15 by Richard_SM

That's $3400 credit card debt per person (including babies) and $34,000 national debt per person. That does'nt account for the unimaginalbe supprime mess, the trade deficit and city, county and state debts. Which one is in your opinion the most irresposible? Just curious.

Most people do not understand how our monetary system is set up, and if they did understand it, they would be very, very angry. The debt you are talking about is due to the printing of U.S. money by a PRIVATE CORPORATION: the Federal Reserve. That's right -- the Federal Reserve is not federal at all. It is not a government agency, and the government has no oversight over it. The U.S. (and the entire world) have long been taken captive by elite international banking families. They are the ones who own the Federal Reserve, and they're the ones who have created this miserable debt based society that we currently live in! Almost every country in the world is run the same way by these same 13 elite banking families -- also known as the Illuminati. It is a complete monopoly. They let it appear as if our money system is controlled by the government. But it is not! It is the banking tycoons who really run the show! How these crooks do it is to simply create money out of nothing, lend it to the government and collect interest on it. The same applies to credit cards for the masses. They loan people money (out of nothing), and force people to pay it back with interest. Debt is really not necessary. They encourage debt as a means to keep us under their thumb. We will never escape this madness unless 'We the People' put a stop to these elitists who have stolen all of our power.

Please watch the video to learn more about how this happened:
http://www.youtube.com/watch?v=JAcjTqLBu zA

2007-11-15 06:02:36 by clambacke