Hi,
Thank you for all the great posts within this forum. This is fantastic information that many are not aware of.![]()
I have a question about my personal debt. I have a total of about $30000 debt from unpaid credit consumer credit cards. the last payment made on any account was August 2002. I have had unstable employment and credit cards were all I had for tuition and general living expenses for a couple of years after 9/11/2001. Over the past four years I have moved about 5-6 times. Collectors would catch up, then address would change, I would not respond because I was depressed cause I could not pay.
Times have changed for me over the past two years of stable employment with two different organizations....I earn a salary of about 70K and have one open account for my car that was purchased Feb. this year and my first home...a small 100K condo. During the last two years I had heard little to nothing from collection/lawyers. I am attempting to rebuild my credit via my car and home payments now. I quadroupled my monthly payments for my car since March, such that I have paid about 75% of the finanaced amount...very draining as I keep very low cash on hand.
This morning I got some upsetting news. My brother informed me this morning that a lady with some type of badge had come by looking for me at his house (my most recent address prior to condo...2 months) and attempting to get me to take a summons package from State of Georgia. I just know it is from my past debt issues. I was hoping to get by on the SOL (Georgia) but it seems they are turning the heat up on me. My brother said that he told the lady that I no longer lived there and he does not know where I am. She thanked him and left with the package. It is pretty obvious to me that whenever I make large payments to my open account (car), they have access to this information and attempt to find me.
Can you give me some advice on what to do? I would actually settle for 25-30% or so, but I have only been working for a couple of years now and have finally made a living for myself. I only have small amout in bank as I pay down my high interest loan...(Car)These big creditors preyed on me in college and I had no other choice after 9/11/2001. I lost my job two months after the attacks and did not start working again until mid 2003. Oh yeah, during the past four years almost exactly since last payments were made, I have only opened accounts this year as I am getting back on my feet. (car 02/06, mortgage 06/06).
Thanks so much for your time.

