rockstar008
Dec 25, 2007, 01:07 PM
Hi everyone and merry christmas... I have a couple of quesitons about my credit situation...
I have a few credit cards debts, actually I owe about 6 credit cards. I stopped paying them about 4 years ago, and now I have all these collection agencies suing me. I received a couple of judgments.
To be honest between all of them is a lot of money, but I want to get my life back on track.
What would you guys suggest? I received a couple of offers from two of them willing to settled for half the amount... whats the proper way to do this? Someone told me I should ask them to fax me a letter stating that once I pay that 50% settlement then they would send that info to the credit report agencies saying that I paid off the debt in full... would that be the right thing to do? I mean I don't have the money to pay all 6 cards now, if I pay one to start will the other ones keep suing me?I want to pay one at a time...
Or is it better just to o bankrupt?
Been thinking about bankruptcy 'cause I was also hospitalized a couple of years ago and they are after me for 30,000 dollars... I mean I can't pay that amount...
I guess one of my questions is what is the best thing to do, go banryptcy or try to make payment arrangements... I really want to get my life back on track, and would like to restablished credit and have good crtedit sometime again... Please help!!
I have a few credit cards debts, actually I owe about 6 credit cards. I stopped paying them about 4 years ago, and now I have all these collection agencies suing me. I received a couple of judgments.
To be honest between all of them is a lot of money, but I want to get my life back on track.
What would you guys suggest? I received a couple of offers from two of them willing to settled for half the amount... whats the proper way to do this? Someone told me I should ask them to fax me a letter stating that once I pay that 50% settlement then they would send that info to the credit report agencies saying that I paid off the debt in full... would that be the right thing to do? I mean I don't have the money to pay all 6 cards now, if I pay one to start will the other ones keep suing me?I want to pay one at a time...
Or is it better just to o bankrupt?
Been thinking about bankruptcy 'cause I was also hospitalized a couple of years ago and they are after me for 30,000 dollars... I mean I can't pay that amount...
I guess one of my questions is what is the best thing to do, go banryptcy or try to make payment arrangements... I really want to get my life back on track, and would like to restablished credit and have good crtedit sometime again... Please help!!