What excactly happens? Is there a limit as to how much debt I can have? whether theres a minimum or maximum? Does it cost anything?
I owe about $30 grand in credit card debt, I've been trying for so long to pay it off, and it's just not working, The only income is mine, and I only make about $600/month (and thats being verry generous, most months its only about 500). Then there's rent, bills, groceries etc. All I ever pay is the minumum amount, or a few dollars extra depending if I have it or not. I just don't ever see it going away, and I thought if I filed for bankruptcy, at least I wouldn't have to worry about my credit card debt, and I can actually be stress free for once. I honestly never intended on it being this much, and now its to a point where I'm so stuck. Im 27, My daughter and I live with my parents (i still pay rent tho) and with all my debt, I never see myself moving out. Would they even let me? How long of a process is it? My credit card company informed me the other day that they are going to take me to a collections agency. So if you have any info, that would be great.
Asked by Anonymous at 4:04 PM on Nov. 28, 2010 in Money & Work
Answer by Anonymous at 4:23 PM on Nov. 28, 2010
Answer by Scuba at 4:09 PM on Nov. 28, 2010
Answer by ashisamom at 4:10 PM on Nov. 28, 2010
Answer by elizabr at 4:14 PM on Nov. 28, 2010
Answer by Mrs.B3 at 4:16 PM on Nov. 28, 2010
Answer by sweetpea1217 at 4:17 PM on Nov. 28, 2010
Answer by Anonymous at 4:26 PM on Nov. 28, 2010
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Answer by HotMama330 at 11:32 AM on Nov. 29, 2010
Answer by Anonymous at 7:16 PM on Nov. 30, 2010
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