I have four credit cards in collections and I need help.?
I want to fix my mistakes by clearing my debit, however, I lost my job back in December 2006. (I was denied unemployment benifits.) I currently stay home with my two children. (No job will pay what I need to make in order to pay childcare.) Now I am really in trouble. I received a summons to appear in court in July for a debit I could not pay. I receive phone calls all day long for 3 other credit cards. AND we struggle every month to pay our mortgage, car payment and utilities. I can't file for chapter13 or 7. I called about a debit conslidation loan, our rating is too low. I have plans to get financial counseIing. But still what should I do about this mess I am in now? Does anyone have any GOOD ideas?
Asked By: nellytaco - 6/16/2007
Best Answer - Chosen by Asker
First, do not send a full cease and desist to the other creditors. If you send a full C&D they will have no options but to either sue you or sell the accounts... More
Answered By: echo - 6/16/2007
Additional Answers (7)
First of all, you should IMMEDIATELY write the bill collectors a CEASE AND DESIST letter. This will stop them from calling and harrassing you. In that same letter, you may want to also get them to try to validate the debt. It's an incredible tactic in credit repair... More
Answered By: Chane - 6/16/2007
Go to consumer credit counseling they are a non-for profit debt consolidating agency, which will help you pay them one payment every payday and they will take care of the rest. They are a tremendous help. Best Wishes!
Answered By: Janice 10 - 6/16/2007
A man went to the doctor, he raised his right hand and arm over his head, he said Doc, it hurts when I do that. The Doctor hit him in the head with a rubber chicken, and said, Well don't do that!!
Answered By: SWA - 6/16/2007
You have to appear in court or file for bankruptcy. If you realy can't find a job where you work different hours than your husband so the child care problem will be solved, then maybe YOU need to be providing child care to others. The reasons you were denied unemployment will be brought up... More
Answered By: ProfessorC - 6/16/2007
Interesting you can't file for Chapter 7 or 13. I know the laws changed effective October of 2005. Also be advised it is illegal under the Fair Debt Collection Act overseen by The Federal Trade Commission (www.ftc.gov) for a creditor to harass you on a daily basis. In fact, I had this problem with Chase Visa and the... More
Answered By: redvelvetflames4ever - 6/16/2007
You have made the mistake of ignoring these debts. It may be too late now, but normally you can call the credit card companies and explain your situation and ask for a low interest rate to get it under control. They will usually do this for you. It's the interest that is the killer. Call the credit companies and... More
Answered By: Brian B - 6/16/2007
Try going to www.daveramsey.com and find the number for his radio show. Phone his call-in show and ask for his opinion. He'll probably be able to help you lay out a plan.
Answered By: moneywise - 6/16/2007
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Legitimate Survey for Cash.Extra Money for You,Join Here!
$21/hr Start, Avg Pay $72K/yr No Experience Needed! Get Started.
Click. Search. Apply. Free!
Other Career Questions
Do most mechanical engineering jobs offer job security?
What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.
Best-Paying Work-from-Home Jobs
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
2013 Engineering Jobs Outlook
Engineers will find job opportunities in select disciplines in 2013, with candidates who are all-around, client-oriented businesspeople in demand.
Best-Paying Jobs by Major
What could you earn with a particular four-year degree? Find out by checking out this list of the top-paying jobs for 20 of the most common majors.
Eight High-Paying, Secure Jobs
Want to earn a good salary and enjoy a measure of job security as well? Check out these well-paying jobs on tap for fast growth in the coming years.