I have so much debt and mailing $100.00 out of each of my checks is not putting a dent in my $13,000 in collections. At first I thought my mid to late 20s are to pay off the mistakes of my early 20s. All this being a constant reminder of my ex husband who had cost more to take care of than our two children in diapers (at the time). I believe it'll take much longer for paid and unpaid collections debts to fall off than the 7 years of bankruptcy. It turns out some debts can get court orders to stay on again as if to be "renewed". Sometimes paying off collection debts make them appear as new negative credit lines.
So I was wondering if out of my tax return, I should pay $3,000 of the $13,000 in collection debt off or spend $1,500-$2,000 to file for bankruptcy.
Asked by Anonymous at 10:12 PM on Jan. 21, 2011 in Money & Work
Answer by tyfry7496 at 10:18 PM on Jan. 21, 2011
Answer by remomingit at 10:20 PM on Jan. 21, 2011
Answer by Izsarejman at 11:52 PM on Jan. 21, 2011
Answer by ba13ygrl1987 at 11:59 PM on Jan. 21, 2011
Answer by AprilDJC at 1:22 AM on Jan. 22, 2011
Answer by Erica_Smerica at 5:11 PM on Jan. 22, 2011