I didn’t want to make taxes with my “ex-husband to be” because he didn’t want to use a special form that allows a direct deposit in multiple accounts. I don’t trust him at all.He started threaten me. I just found out I have been living a lye during many years. I think He pays for everything with credit cards (He said ” be prepare to get 50000 debt.- I made a very little money. from a part time job.While he has a very good job as an engineer. HE TRAVELS A LOT. HE HAS TRAVEL EXPENSES THAT I think he put in his credit card (he used to go to the best restaurants every day , best hotels, claiming now he wants to make it part of our debts ( He get a return every month for those expenses about 3200 dollars every month , which I think He put it in his account and then transfer to his IRA or evergreen.
Well , finally he is going to get BANKRUPTCY.. IS What he said cursing..He said “BE PREPARE TO PAY 50000 DOLLARS IN DEBT, because you owe half of my debts. and he is going foreclosure with our house. …. we have a little daughter
GIOVANNA
GEORGIA STATE
I am about to file chapter 7 bankruptcy. I’ve included all debts in my name. I am not sure if after I file, my ex wife’s bills will start to haunt me. I don’t think IL is a community property state. So, I’m hoping I am not responsible for her credit card or past due utility accounts gone to collection that are solely in her name even though they occured before the divorce was entered. I do worry about those still. But, I am especially worried about the medical bills racked up in her name and my step kids’ names, since they were under my insurance during the dates of service and we were married at the time.
What will happen if i won’t file for bankruptcy? I have about 30K in credit card debts.. i made last payments like 3 months ago, can I just wait 7 years and receive a new credit cards without filing for bankruptcy?I have my car repossessed too 2 months ago..Will everything be erased after 7 years? or it is necessary to file for bankruptcy? I work for cash so I don’t care if they will garnish my wages
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Due to recent economic entrenchment many Americans saw their source of income disappear. Recession has resulted in heavy amounts of debts. People started going under massive debts due to their inability to pay back. Their debt increased with time due to high interest rates. It becomes impossible for the people to pay off so they preferred to file bankruptcy which is not a viable credit card debt solution.
Bankruptcy has never been considered a good option for getting rid of outstanding dues. The economy was already declining and bankruptcy has added a lot in it. One of the best credit card debt solutions that are being offered is debt settlement program. Settlement not only helps the borrowers but it also helps the lenders in getting their money back. This makes possible the flow of money smooth in the economy system.
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Do you want to legally eliminate credit card debts? If so, there are two options open for you. The first option is the traditional method of debt elimination which is none other than bankruptcy. The next option is debt settlement. If you are opting for bankruptcy, you will be able to eliminate the debt in full but at the same time you will lose your credibility for the next 7-10 years and this happens because, the bankruptcy filing report shows up in the credit history for that period of time. If you are going for debt settlement, a certain percentage of the debt is eliminated and you will have to repay the remaining amount of the money to the creditor in one shot. The credit score definitely goes down but once you clear off the remaining amount to the creditor, the credit history becomes clean and your regain your credibility.
But the question is, “How does a legitimate debt settlement program work?” If you want to legally eliminate credit card debts through a legitimate debt settlement program, the first thing that you need to keep in mind is that your overall credit card debt must be over $10k and that it must be consolidated in one single card. If these two conditions are fulfilled, you need to hire a professional debt settlement company. The professional negotiator from the company will have a complete knowledge and understanding of the banking system and knows how things work. The negotiator will then advise you to go delinquent. You need to do this because by doing so, the negotiator can easily prove that you are in financial problem and that you cannot pay the lender in full. Once you stop all the payments, the creditor will wait for 12-16 weeks and then sell off the debt to a collection agency for 20-30 cents on the dollar.
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Credit card debt is one of the biggest problems an individual can face. If not paid quickly this debt can balloon into a huge liability for a person and hang round their neck until they lose everything. It can cause too much anxiety and many problems.
Lenders charge huge interest and penalties so if you are not careful before you know it you are, you are headed towards a financial crisis.
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Before a loan is disbursed to a customer a detailed documentation is done by the credit giving companies ensure that all the legalities are in place and the borrower is aware of the terms and conditions of taking the loan. Within the stipulated time period neither the lender nor the borrower can go back on the basic agreement of loan disbursal.
The same process is followed even in the case of unsecured loans like credit cards and personal loans. There is absolutely no way the customer can deny paying the credit he owes to the financial institutions and banks. Any kind of non payment results in the form of late payment charges, extra interest charges which makes the payment voluminous and difficult to pay back.
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Are you tired of dealing with your creditors sending you delinquent notices in the mail all the time? Let me ask you this, if you had an opportunity to eliminate credit card debts once and for all will you take it?
Generally a lot of people nowadays are in the same position as you. Dealing with credit card debts is a scary situation to be in. The more debts you owe, the worse position you are in which means there is a better likelihood that your creditors will eventually get frustrated and decided to take legal action against you. And this will make your life even more difficult than it is.
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Do you have trouble with your credit card debts. A wide majority of people tend to have troubles with their credit debt. In fact it has become very normal to have at least $4000 in credit debt.
Excessive credit usage is slowly beginning to increase more and more. Some people think that living off of credit is okay. But unfortunately after some time this will eventually catch up to them. After the debt has reached a certain point a solution will eventually be needed.
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my wife, just out of pregnancy with a newborn, is being sued by Capital One for a $2000.00 credit card debt. We offered to pay the minimum but they refused. I’m unsure if I could even afford bankruptcy. We have a large mortgage, living expenses with no disposable income for any debt-consolidation. Facing pending foreclosure. If we are summoned to appear before the court, what would the court possibly expect us to do except what we could afford to do?????? what could we expect from the court from credit card company suits??????
