Yet another debtor that has a problem, thanks for being a resource
out there. I feel like I am all alone in this problem. I come from a
culture of 'do-gooders' that would have me prostrate myself before
the system and I dont know the first step back to health in
this area. I am protecting myself from all angles right now
knowing I am in a highly manipulatable position in my life
right now. Any advice will be taken in consideration
and I want to make things right. That being said...
Long story short, I was way extended and used all my credit. At
the time, it was about 22K. I lost my work, and my work history
has suffered since 2001. In the last two years, I can thank God
that I have been able to work consistently enough and pull my
expenses back enough that I have some money that I have
I am in Florida and I have heard about this 'Statute of Limitations.'
I do not live at home with my folks, I live elsewhere. I have been
living wherever I could and since 2001-2002 I have not made any
token payments to these collections agents because I felt there
would be no use. I had no money to give them, I have not had
projectable income in years and now I have a little in there and
want to approach this issue in my life and move forward. The
date of last activity on most of my accounts is in 2002 and earlier
and I have not answered any phone calls or letters since. The
only creditor I have gotten things square with was the collector
on my student loans.
All this being said, what is the first step to resolving this and putting
this problem to bed? Going into this I had no idea about the SOL
and waking up from this terrible depressed dream, I realize that I have
options and the Law may just be on my side to make payments
through an attorney and make this all go away creditor by creditor.
How should I approach this and how much could this cost me?
Thanks for your time.
PS: according to my long and ugly credit report, there are no current
or pending judgements against me at this time. hope this helps, thanks
for the advice. Regardless of all this, somehow my FICO score is in the
mid 630s. I dont know if thats good or bad, but with all this bad debt,
I thought it would be much lower.