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I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college |
I got credit cards to pay for stuff, food, and books for college. My grades going down so i quit my job the cards went into collection and collection agencies. Can collection agencies sue me or bring me to court? Should i be worried 'cause i can't pay until i graduate with decent job in finance. My credit debts don't erase from credit report until 2009. I just wanna hide until i make some money. Starting life with a bankrupcy doesn't sound a very happy beginning to me, why not get a credit card with ZERO interest for 12 months then pay the debt with it? I would visit http://www.CreditCardHelpDesk.... if you need some help. Report It well if you file for bankruptcy then that should do it try contacting a bankruptcy lawyer since your young it shouldn't hurt you too much You can be sued and brought to court. You should not just hide. You're already in a bad situation because the cards went into default. You need to try to work something out with the collection agencies. Or you could try working with a credit counseling service that will be able to negotiate with the card issuers - -make sure you find a non-profit or other low cost service (try your state's consumer affairs office). Credit card debt is not like a student loan. The debt will be sent to a collection agency. I would recommend paying at least the minimum amount on the credit cards if at all possible. Another possible solution is speaking to a debt management agency. There are many that are not-for-profit and therefore do not charge for their services. Also, take it from someone a little older and still paying for the cheeseburger I charged my freshman year of college (circa '99). It is better to starve than use credit cards! Cut them up! Credit counselling is the answer; click on the credit counselling portion of this link: |
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