what should i do consolodate,bankruptcy, im at my wits end and im only 25 going on 26.I have credit cards,medical bills,and back child support from when i was out of work.I don't have a license and i barely make rent.I've got my credit report to see what i owe but i don't know where to turn
2007-07-08 21:56:02 · 9 answers · asked by cuddlybear 3 in Business & Finance ➔ Credit
Just leave the country !!!!
2007-07-08 21:58:24 · answer #1 · answered by rexxyellocat 5 · 0⤊ 3⤋
You can not bankrupt child support. So how much is your debt after that.
If you bankrupt it could affect you for 7-10 years. (really now a days not that long but it could)
If you can pay your debt off in less time than the bankruptcy .. then do it.. if not then bankrupt.
If so start calling your creditors and make arrangements. even if your paying $5/month to each.. its still progress.
Liquidate your stuff. downsize your monthly bills and start being responsible.
sounds like you have more than financial problems. Your making the right 1st step. Just don't make it worse by only making 1 part of your life better while other parts are still making a hole for you.
You need to stop trying to afford a life your paychecks can't pay.
You may want to use one of those free credit counseling. search the internet.
2007-07-09 05:04:37 · answer #2 · answered by lildulagirl 2 · 1⤊ 0⤋
Yes, you need to file for bankruptcy, and concentrate on paying your child support...that is a financial obligation that you can't bankrupt, nor should be able to.
That will take care of your credit cards and medical bills.
Your debt isn't the reason you can't get a bank account...lots of people have tons of debt, and get bank accounts. You most likely have a history of bounced checks, and a bank will deny you an account if the history is substantial.
You also need to make an effort to getting your license back.
Call a bankruptcy attorney, and take it from there.
2007-07-09 06:30:51 · answer #3 · answered by Expert8675309 7 · 2⤊ 0⤋
There are debt reduction services that may be able to help. They will help consolidate the debts. Often times the creditors will take lower payments and will lower any interest rate. The debt reduction services will help you come up with a dollar amount to pay each month that you will be able to live with.
The child support may be a little different than your other debts but they may be able to help with that too.
Good luck. Make an appointment now - you will feel much better.
2007-07-09 11:05:59 · answer #4 · answered by Patti C 7 · 1⤊ 0⤋
Your best option is to look for a higher paying job. Dont do bankruptcy. Its for idiots and suckers.
2007-07-09 10:50:03 · answer #5 · answered by Anonymous · 1⤊ 0⤋
Live with you parents until your back on track?
But the Africa thing would be pretty cool too
2007-07-09 05:05:06 · answer #6 · answered by Rockstar222 3 · 1⤊ 0⤋
DaveRamsey.com
2007-07-09 04:59:22 · answer #7 · answered by Keith 6 · 0⤊ 2⤋
if you live in new mixico i now one email me to get the info BUT YOU HAVE TO LIVE IN NEW MIXICO
2007-07-09 14:57:06 · answer #8 · answered by viper_fang2002 1 · 0⤊ 0⤋
i heard kidneys play well...too bad you have only 2. sell hair, blood, sperm. if all fails, sell all you can and run in some African village.
2007-07-09 04:59:32 · answer #9 · answered by Maddy 3 · 0⤊ 2⤋