Is this me pretty much saying "fuck you, leave me alone, you're not getting a dime?" Now I don't think not paying my debt is a good decision. I've brought this debt on I need to man up and pay it. But I have thought about this:lolBIG:
Would a company really go through the troubles of suing over a $900 balance?
Furms right - if the amount of the savings is greater than $600 on the settlement you should get a 1099-C from the bank (or debt buyer).
The other option - and i am NOT telling you to do this - is to "dispute" a portion of the debt and document how you are paying in full on the undisputed portion of the debt. That can also get you out of the tax consequences, i believe - but you're best to consult a tax guru on that one.
and im not the greatest at these things but just saying--if you do not do this right--10 years from now you will be making bank and kicking yourself because you cant the home loan you want or some shit--atleast not at a good rate
I have a kid your age and not preaching, but
PAY YOUR BILLS!!
I have a kid your age and not preaching, but
PAY YOUR BILLS!!
don't forget, with it being the new year you get a free glimpse at your 3 credit reports. i'd say, if your credit is already damaged -- say, into the poor rating area -- i wouldn't worry too much because it ain't gonna get much worse. but if you're still hanging around the fair to above average mark, then you certainly wanna protect it.
some free advice from a degenerate
some free advice from a degenerate
I understand it's nothing to most...but what I make at work covers my rent, groceries, and cell phone. I take 18 hours of courses.
I get called like 50 times a day so I do kinda sweat it. I'm just afraid if I let it get too far, considering I can't do the lump $200 up front they're looking for, I'm going to served or sued or some shit. But on the flip, I can't see a company going through all of that trouble for $1000.
Sooner, where can I see these for free one time? And what's "bad", "not bad,""good?"
i'm not sure the exact link, but google it. it's a consumer law that allows you to check your score with all 3 credit monitoring agencies once per year. don't fall for the free credit report dot com site. here you go....
https://www.annualcreditreport.com
i have a monthly subscription to experian for 5 bucks a month, they notify you when there's a change and what not. i destroyed my credit when i was younger -- repossession, charge offs (credit cards) -- and that shit takes time to work off. i have managed to get my credit back to around average, but it's taken about 3 years, and the score moves slowly. when you check your score, they will give you a rating with the score -- usually something like excellent, good, fair, poor, and very poor. if the stuff you have now has already affected your score to the point that it's dragged you down into the poor area, i'd say fuck it. 7 years and that shit goes off. i made the mistake of paying something that had been in collection, thinking by paying that it would help, but it didn't. it still showed as fucked on my report.
if your credit is still in the fair or better category, i would certainly try to protect it by working something out.
this is just me talking though. in no way do i claim to know what's best.
You can't SOMEHOW come up with $200? Cancel your cell phone, sell your cell phone (hell look around your place for shit to sell), donate plasma, eat Ramen Noodles for a couple months. Don't go out...
If you have a job, get another part time one. This isn't that much money, a little hard work and you can be out of debt easily by years end and not fuck up your credit.
