I am a 24 year old in California that is currently unemployed. I am a full-time student and have less than $1,000 coming in every month. I have around $15-$20k in unsecured credit card debts that I have not payed for 6-12 months. I also have a secured car loan of $25k, but fortunately, am able to pay that every month on time. I get phone calls everyday, but have ignored all of them. Since my credit has gone down the drain, should I still ignore those phone calls and have my debt written off? Or should I try to speak with the creditor/collection agency and attempt to repay it? Should I consult with a debt consolidation agency? Lastly, should bankruptcy even be an option for me? I would be appreciative of any advice given...thank you!
2007-05-30
06:37:31
·
9 answers
·
asked by
Michael S
2
in
Credit