I just don't know where to start or what to do concerning my debt/very bad credit. I kind of think bankruptcy is the best option for me, because I have soo much debt, I could never pay it off. I know there are new bankruptcy lasw, but I have to research and see how it applies to me. Any suggestions on what to do or where to start would be soo helpful. I don't want bad credit forever.
Here my deal:
I don't currently have a job, and I have NOTHING in my own name. meanign, if I were to file bankruptcy, they can't take anythign from me, cause I own nothing. Not even a car. I don't even have a bank account.
I have 2 car reposessions on my credit. One I believe I can dispute, I had many many issies with the car, including that it was illegally inspected. The engine blew up one day( after just a few months of owning the car) and I was done. Fed up, I stupidly left the car on the road where it died and said go get it. I never heard from them again, and they never attempted to contact me concrning payment of the laon. I found out years later it was listed as a repo on my credit. I was up to date with the payments until I left it parked where it died. My understanding concernign repo's is that they do need to contact you and attempt to collectthe debt. I was never in contact with them. SO can I fight this one? Itwas from 4 years ago.
I have another repo. Totally my fault, bought a car I couldn't afford and it got to behind and they took it. The car sold at auction for 5grand, they now want 19grand from me. Interest buiolt up over the years? This happened in 2000 or 2001. They keep updating my credit report tho, so I don't know that it will fall off in 7 years since the debt, because it keeps getting sold or somethign? it's always updated on my credit report, although I havent heard from them in years.
Medical Bills. All with collection agencies
I have well over 30grand in medical bills just adding up from over the years of not having insurance and not being able to pay them. 2 surgeries a few ER visits, and random other bills.
Recently, I defaulted on my (only) credit card, the interestwent up to 35%and I couldnt pay it. I would make huge paymetns every motnh, but because of the high interest, it went over the balance anyway every month, adding huge fees and no matter what I paid, it was never lowering the balance, and always going over, charging more fees...eventually, I gave up. That acocunt is stil lopen and chargign me hell fees, but I gave up on trying to keep it up. I don't knwo what to do with that card, and I'm just ignoring them. Whatshoudl I do? Close the account and offer payment arrangments?
I have a few other random collections that i coudl pay off, but I always figured, with so many other marks, what's payign off a few hundred gonna help?
Only good things on my credit:
My first car bought in 1999, I took out a loan, paid it on time and paid it off early.
I also had a credit card that I couldn't pay for, so it was closed, but I made a settlement and paid it off. Unfortunatly, it's on my credit as charge off/account paid in full, so i think even though I paid t off, it's still hurting me.
Yes...I have been very very irresponsible with my credit. Lack of medical insurance really screwed me as well.
I just don't know where to start cleaning it up.
I can't make payment arrangements with everyone. It would cost more than I could afford to pay, even after I secure a job. Plus..it would take 20 years to get it all paid off, and I was hopign I could get semi decent credit sooner than that. Or atleast be on the path to decent credit. My score right now is 435.![]()
Keep in mind..I don't strip anymore, and have no plans to do that again, so I won't have that kind of income. I'm tryign to obtain a waitressing job. I'm also a college student.
Any suggestions would be very much appriciated. I'm makign a lot of positive changes in my life, tryign to get on the right path after years of mistakes...and with this..I just don't know where to start.
Thanks so muchSorry for the rambling


Sorry for the rambling
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