Announcement

Collapse

Forum Rules (Everyone Must Read!!!) (updated: 04/28/2015)

Welcome to the Bankruptcy Forum. Bankruptcy (BK) Forum is known as BKForum.com and will be referred to as BKF hereinafter. In order to ensure a long term success of our vibrant community, we have established certain rules and guidelines to which everyone must adhere to. Please take your time to carefully read our rules, before you start to participate in the community.

Things you agree to do:
BKFORUM.com (BKF) users agree to use the search function before starting a new thread. This prevents duplicate discussions and allows for better organized topics.

All BKF users agree to read the sticky posts which may be available at the top of a forum page. These Sticky posts often contain valuable information. They may also outline more rules and guidelines specific for that particular forum, stickies are put in place by that forums moderator(s) or admin(s).

Things you agree not to do:

All BKF users agree not to call people names or write a post simply to make a personal attack, or get a negative reaction; this behavior is not allowed on our forum. The use of derogatory language aimed at anyone will be severely dealt with. There is no need to agree with each other, or to even like each other. However, by signing onto BKForum.com you agree to treat each member and guest with the respect they deserve. No threats or personal attacks will be allowed.

All BKF users agree not to discuss, engage, or encourage any behavior or activity which violates the law. Discussion of drugs, violence, murder, theft, vandalism, fraud or any other issue which could be used to help individuals break the law is strictly forbidden.

All BKF users agree not to "bump" old threads, unless there is a specific benefit to the community by doing so. But in most cases, please don't post in very old threads, instead start new threads.

All BKF users agree not to attempt/use another members account. It is against BKF rules to use any account other than your own. Impersonating another member will result in an immediate ban. It is also against the rules to open more than one account in your own name without permission from a moderator or administrator. If you have been banned for any reason, it is against the rules to open another account. If you were banned temporarily and you are caught using another account you will be banned permanently. Choosing a moniker which is similar in either sound or spelling as a moderator or administrator is strictly forbidden.

All BKF users agree not to private message any moderator, admin, or other member with questions related to their personal circumstances (Questions about the forum or issues with the forum are ok). This forum only works when members share their experience and insights with everyone.

Things you agree not to post:
All BKF users agree not to post any derogatory/racist/or sexist remarks. This includes attachments, links and all information contained within posts, signatures, and avatars, failure to comply with this rule will result in a permanent ban.

All BKF users agree not to post any copyrighted or trademarked information without the express written permission of the owner(s) / proper citation of source.

All BKF users agree not to post any real names, addresses, telephone numbers, email addresses, social security numbers, or any other personal details (their own or other people's).

All BKF users agree not to post links, pictures, attachments, videos, or the like of pornographic content, objectionable material or extreme violence, whether cartoon or real.

All BKF users agree not to use BKF for advertising purposes without a written contract between yourself/company/agent and the administration of BKF. Blatant advertising will result in a ban.

All BKF users agree not to spam the forums. Spam includes but is not limited to posting erroneous, non-relevant-useless, off-topic, or meaningless posts. Spam may also include posts which contain no text, or large areas of blank space between lines. Simply posting emoticons without text is considered spam. BKF is the largest bankruptcy message board and all the content is intended to help other users. Please help us improve the quality of our forum by making sure that your posts are well-worded, spell checked, grammatically correct and syntaxed.

Regarding actions of moderators and administrators:

The forum is no place to air out your opinion or be judgmental of our staff and its capabilities.

All BKF users agree not to abuse or mistreat moderators or administrators. It is against BKF rules to post any information regarding bans or any other action taken by a member of the moderating or administrative team. If you wish to discuss bans or warnings please do so via PM. To place a complaint against a moderator, send a PM to a super moderator. All Moderators are equal, any decision made by a moderator must be adhered to. If a moderator tells you something you do not like, do not go to another moderator looking for a different answer. If you are caught doing this you will be banned. The moderators work as a team and respect the decisions made by their peers and will help enforce them unless an administrator tells them differently.
If you have an issue with how the forum is run, then notify one of our administrator and we will look into the situation. We have in the past and still do appreciate any input that you offer this forum. But critical input and/or judgmental postings towards the staff will result in you getting banned.


Should you find a thread offensive or out of line, then notify a Mod in a PM so they can evaluate the situation and do the action deemed necessary.

All moderators do have active "other" lives outside of the forum and help moderate this forum in their spare time throughout the days and weeks.

If you have a problem with a member or Mod follow the proper channels of reporting it.

BKF reserves the right to delete any posts which contain anti-BKF comments or discussion. Any bashing of moderators or administrators, or any of their discussion or actions will also be deleted, and the responsible posting party(s) will be banned. Any public anti-BKF advertising, communication, or posts on another forum will result in permanent bans as well.

All warnings and bans are decided by individual moderators and administrators. Warnings are preferable to bans however, for serious offenses and repeat abusers bans will go into effect. The length of the bans can vary from several hours to permanent.

All messages posted or sent including through PM are the property of BKforum.com.

All BKF users agree not to advertiser on the forum (Niether by posting, private messaging or using your signature). If you are a company/attorney/legal adviser wishing to advertise on the site or sell a product, you must contact the head administrator and inquire about our advertising packages.

All bankruptcy related opinions expressed on BKForum.com are those of their authors and not necessarily of BKF, its staff or representatives.

You agree not to copy any material/post/content from BKF without written permission from our head administrator .

By posting on this forum you agree to these terms and conditions, including any punishment deemed appropriate by moderators or administrators in the event of an offense.

Administrators/Moderators can change these rules at any time without prior notice.
See more
See less

12,000 debt @ $12/hr in Illinois

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

  • 12,000 debt @ $12/hr in Illinois

    55 years old.

    90% is consumer credit at 20%+ interest. I went thru thousands in savings during recent unemployment to keep everything current.

    I found work I do in a dying industry trending toward temp help for workforce.

    Recently (Jan2012) I had an emergency visit for anxiety (didn't know it at the time) resulting in $4,500 bill. Thankfully charity care took care of $3,700.

    I'll get health care after a few months at new job.

    Bad back, knees, et al. But, I got heart.........I am trying.

    Being heavy into animal charity started me to debt. But, things were decent a few years ago. Now, I use my maxed out credit for basic needs.

    Lordy, Lordy, Lordy.....................

    I really hate to file Chapter 7, however.............................

  • #2
    Hi and welcome to the board!
    You are lucky to have found a job at 55. I know, cuz we are in the same boat and trying.

    What's your house/car situation? That's a big key.
    The good news is your debt isn't huge. Are you making payments? Regardless of what your plans are, you should probably stop.
    You may be able to work out a settlement for 3k or less. Call a few attorneys and set up some free consultations.

    Keep On Smilin'

    Comment


    • #3
      Originally posted by keepsmiling View Post
      Hi and welcome to the board!
      You are lucky to have found a job at 55. I know, cuz we are in the same boat and trying.

      What's your house/car situation? That's a big key.
      The good news is your debt isn't huge. Are you making payments? Regardless of what your plans are, you should probably stop.
      You may be able to work out a settlement for 3k or less. Call a few attorneys and set up some free consultations.
      I share a 2 bedroom apartment with a long-time friend. She and I each pay 1/2 of costs.

      I own 2 vehicles........both 20+ years old. Other than that, I own zilch.

      I have a couple vices.........smoking and gambling. I used credit cards to fund about $300 last year into an ADW account. Nothing serious, just a little pleasure venture.

      Comment


      • #4
        If gambling is part of the problem, you may want to work on that. You will never get your fresh start if you can't fix that.
        You are probably a slam-dunk 7, no problem. Or could be you could settle for what an attorney would cost you. I've had offers as low as 13%. They won't work with you if you keep paying, tho. How many cc's do you owe?
        Make a few phone calls tomorrow.

        Keep On Smilin'

        Comment


        • #5
          Originally posted by keepsmiling View Post
          If gambling is part of the problem, you may want to work on that. You will never get your fresh start if you can't fix that.
          You are probably a slam-dunk 7, no problem. Or could be you could settle for what an attorney would cost you. I've had offers as low as 13%. They won't work with you if you keep paying, tho. How many cc's do you owe?
          Make a few phone calls tomorrow.
          Gambling......I TOTALLY agree with you on that. Realistically, one can't be funding a wagering account a few hundred dollars here and there, and then find they can't pay their credit obligations.

          I need people to work with me, but I gotta work with myself first.

          I've been having trouble sleeping the past couple years. I'm taking an OTC sleeping aid (Melatonin).

          I need to work this out.

          Comment


          • #6
            Get yourself to GA TODAY.
            Also, friend of mine had great success with hypnosis. Just a thought. Could be your insurance will cover some/all when it kicks in.
            Good luck, keep us posted.

            Keep On Smilin'

            Comment


            • #7
              I've had my job for 5 weeks. Weekly hours have been..........35, 45, 22, 45, and 50.

              It's the 3rd time in 10 years I've worked for this company. The other 2x I worked for them they basically ran out of work and hours went to minimum.............just enough to keep one from getting unemployment.

              I'm not sure how long this will last........or my body will last (very physical job).

              I'm looking down the road at the debt I pay minimum on. It looks rocky.

              The cost of everything is thru the roof.

              Comment


              • #8
                How many cc's do you owe? If it's just a one or two you have a better chance of settling than if it's many.
                It's very anxiety-provoking- save one of your pills for that day- but you probably need to stop making your min pays. Save the cash for the attorney or to make a lump sum offer. And get a free hobby- like walking- to replace the bad one. It's a good stress buster, too.
                Our town has some free stuff for 55 and ups, like a gym and other activities. See what you can find.

                Keep On Smilin'

                Comment


                • #9
                  Originally posted by keepsmiling View Post
                  How many cc's do you owe? If it's just a one or two you have a better chance of settling than if it's many.
                  It's very anxiety-provoking- save one of your pills for that day- but you probably need to stop making your min pays. Save the cash for the attorney or to make a lump sum offer. And get a free hobby- like walking- to replace the bad one. It's a good stress buster, too.
                  Our town has some free stuff for 55 and ups, like a gym and other activities. See what you can find.
                  I've got 10 of 'em. I'll post details later with percentage rates.

                  As far as a free hobby.........I like dogs, and I like to play pinochle.

                  Comment


                  • #10
                    Actually I have 11 credit cards:

                    8 have $400-1,100 credit limits.
                    3 have $1,800-2,500 credit limits.

                    Total CC debt: $11,741.22.........credit limit total $12,625 ( I included recent $200 increase on 1 of 'em + another would allow a $100 increase if I pay $29.95).

                    I am 92.99% of credit limit(s).

                    Min. payments/month: 421.00

                    CC percentages: < 20% $2,827.73...........> 20% $8,913.49

                    Total cash advances: $1,670.11

                    I owe 3 doctors a total of $559.00

                    I make $12/hour in a precarious/seasonal job.

                    I recently checked my 3 credit scores....all at 700.

                    What to do?

                    Comment


                    • #11
                      12,000 doesn't seem like a lot of file bankruptcy over. Gosh I'd try to settle like KeepSmiling is saying. Get into a gambling program and cut up the cc's.

                      I don't know much about credit cards. I had only 1 for $300 when I filed. I've lived a cash only life. So this is just a question really, not an actual suggestion. With a 700 score, is it worth it to open a new account and transfer all the debt to just one card? Then the payment would be lower?

                      Comment


                      • #12
                        Originally posted by TomTea31 View Post
                        12,000 doesn't seem like a lot of file bankruptcy over. Gosh I'd try to settle like KeepSmiling is saying. Get into a gambling program and cut up the cc's.

                        I don't know much about credit cards. I had only 1 for $300 when I filed. I've lived a cash only life. So this is just a question really, not an actual suggestion. With a 700 score, is it worth it to open a new account and transfer all the debt to just one card? Then the payment would be lower?
                        I agree 12,000 seems like a tedious amount, but at $12/hour wages......it isn't. And, in reality, these companies WILL NOT work with you. They say you have to be tenacious when dealing with 'em.............Well, when they say there's nothing they can do............nothing will be lowered. I've tried. I'm stuck.

                        It's amazing I've got a 700 score. I've only been late once in years due to a paperless conversion snafu on my part on 1 account.

                        My next due date on a card is 4/4. I have to make a decision very soon. Once I'm late, that'll start a cascade of events.

                        I've made $2,600 so far this year. Last year I made $17,000. The job market sucks.

                        I have $2,000 in my BOA savings account. I owe them more than that on their CC. That's the money I'll use to pay a lawyer.
                        Last edited by 12000debt; 04-01-2012, 04:52 PM.

                        Comment


                        • #13
                          The interest rates are outrageous. I've gone paperless on all accounts.......they don't have to send me squat. I'm always on time. Yet, I get no breaks from them whatsoever.

                          I'm not Donald Trump.........so they have no reason to work with me.

                          Comment


                          • #14
                            They will NEVER work with you if you keep paying them. You have to STOP paying in order to get their attention.
                            With a dozen cc's, settling might be difficult.
                            Good luck.

                            Keep On Smilin'

                            Comment


                            • #15
                              Originally posted by keepsmiling View Post
                              They will NEVER work with you if you keep paying them. You have to STOP paying in order to get their attention.
                              With a dozen cc's, settling might be difficult.
                              Good luck.
                              Thanks. I kinda felt that way.

                              All the time I get, "At this time we cannot.............".

                              Comment

                              Unconfigured Ad Widget

                              Collapse
                              Working...
                              X