2006-09-11 04:16:42 · 14 answers · asked by Litta 1 in Business & Finance ➔ Credit
Start by paying...
2006-09-11 04:22:27 · answer #1 · answered by rules27 6 · 0⤊ 0⤋
You are in a very serious financial situation. I really feel sorry for you. You need to pay this debt. That's the only way you will be able to fix your credit. You will never ever be able to get anything on credit for years to come until you pay off your $12,000 debt. If you were to go with a debt management company you will be paying on this debt for the rest of your life. Call or send your creditors a letter telling them that you would like to get these debts settle and they will probaly offer you a settlement of less then what you owe on each. Then again I believe if you just wait it out for 7-10 years they will be deleted.
Good luck with what ever you choose to do.
2006-09-12 15:22:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
So... you think that you can simply ignore your financial responsibilities for years and then just say "oops... sorry" and have everything be OK again???
Yes, sometimes there are extenuating circumstances. Perhaps you are one of those. If you are, understand that the subsequent tirade is not directed at you. However, for the most part these things happen out of purely irresponsible financial behavior.
I find it more than mildly annoying that there are, in fact, ways to repair your credit after such irresponsibility. It is people like me who live up to their responsibilities that wind up picking up the tab through higher interest rates and fees.
Basically you are guilty of theft, not only from your creditors, but from those of us who unwillingly kick into the pot to cover your backside.
Get a job, fork over the dough, and don't be surprised if it is harder to get a loan the next time you ask!!!!
2006-09-11 04:39:57 · answer #3 · answered by Anonymous · 0⤊ 0⤋
I am $12,000 in debt and have not paid on my credit card bills in 4 years.I looked in to banktruptcy and the credit agencies that help reduce your payments and nothing helped.I called a christian credit agency one day and I was told that after 7 years you no longer owe your debt(excluding student loans since these are from the government).If you are not taken to court and ordered to pay on the credit cards you don't owe them any money any more.All you have to do is call the credit bureau and they have to remove the negative charges on your credit report.So my advice is hold off as long as you can.If you don't get taken to court don't pay and wait until they come off on their own.
2006-09-11 06:14:25 · answer #4 · answered by katzgto67 2 · 0⤊ 0⤋
First and foremost you need to call a loan specialist, like me, so they can pull your credit report for free then i would contact you and tell you about all the bad inquiries that you have made. Since i work with a company that fixes credit, then i would have to contact you and see if you want to fix it. Please feel free to call (408) 821-6410 or e mail me at M.Asrat@yahoo.com.
2006-09-12 09:51:52 · answer #5 · answered by Michael A 2 · 0⤊ 0⤋
If you want to improve your credit go to Trinity Credit Services. They can help you get the credit score you deserve. Thier is a consultant there that is just great his name is Bryan. Let me know if you need further info I have his biz card.
2006-09-11 04:20:45 · answer #6 · answered by momof2bzboys 1 · 0⤊ 0⤋
get a loan consolidating company to refinance it for you with a low interest rate and a low minimum payment you can afford and it will take a long time to get it off. OR you could file bankruptcy and start over.
2006-09-11 04:20:40 · answer #7 · answered by Kaysee 2 · 0⤊ 0⤋
I'd go to a consolidation specialist...thats the only way your gonna be able to get your payments low without being broke. You can always just send them as much money as you can for each paycheck. Or you can go bankrupt, but that really isn't that much so I wouldn't advise it.
2006-09-11 04:22:48 · answer #8 · answered by peachez082 3 · 0⤊ 0⤋
You might try filing bankruptcy, but remember that it will show on your credit report for the next ten years.
2006-09-11 04:28:20 · answer #9 · answered by Rudy 3 · 0⤊ 0⤋
This is a joke, right?
It will take you years to repair your credit, unless you somehow assume a new identity.
2006-09-11 04:20:59 · answer #10 · answered by Jack 5 · 0⤊ 0⤋
I really recommend this article for some advice, you can sort this out, but it will take a little time and effort
http://www.quazen.com/Home/Personal-Finance/Managing-your-Debts,-a-common-sense-approach.525
2006-09-11 04:41:10 · answer #11 · answered by welsh_witch_sally 5 · 0⤊ 0⤋