I currently owe 40K on several cards. My income has been severely reduced and I can no longer pay even close to minimums. I need to get clear on Judgments since I own two vehicles (not worth that much) and the home in which I lived is paid for & in a trust. I couldn't care less if they recover what's owed after my death (I'm 64 & partially disabled) - it's while I still breath that scares me. Also, I am not that concerned about negative credit ratings or inability to use a card, ever again! Thanks, appreciate considerations of legal professional.

I am not a legal professional, but have been somewhere where you are at a time, but not quite as bad. I still don't care about negative credit ratings, but I do keep everything current and pay cash, never run a balance on my one Mastercard. It is through my union so easy to manage, but still learned my lesson after debt consolidation.

Have you considered filing for bankruptcy. I am suggesting this because it would take care of immediate concerns. I put it out there, but stay tuned, I would really like you to hear from others here.

Best of luck deciding what you will do with this.

Tick

Thanks, bankruptcy not option.

Quote:

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Originally Posted by LakeCoHarold

thx, bankruptcy not option.

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Hi Lake, most people don't want to file bankruptcy because of the stigma attached to the procedure; friends finding out, associates finding out; too proud to do just that. I am not digging but you know here we ask a lot of questions, and you will find out that we like getting to the heart of the matter to help people with a pertinent question. Yours is definitely a 'pertinent question'.

So, I ask, and we don't know you here, you are a name only, why is bankruptcy not an option ?

Tick

I do not want a federal judge in my life!

Hi again Lake, yes, I can understand that, point taken! But you see, I am in Canada, so its handled a little differently here.

Tick

Okay, I am done, but if you want answers, don't use the comment feature.

Tick