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  1. #11
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: What Can Collection Agencies Legally Do to Collect Debts

    Forget buying a house with those financials.

    You only make $2200 per month and you bought a $37000+ car. Are you nuts?

    Those are the kinds of damn fool decisions that drive people into bankruptcy.

  2. #12
    Join Date
    Sep 2010
    Posts
    19,901

    Default Re: What Can Collection Agencies Legally Do to Collect Debts

    Ouch. AJ is right. You need to sit down with a counselor and get you financials in order. Taking on more debt at this point would be insane (if any lender would be stupid enough to make a mortgage on someone with your debt ratio and credit history).

    I think you need to seriously think about selling that car.

  3. #13
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: What Can Collection Agencies Legally Do to Collect Debts

    Quote Quoting flyingron
    View Post

    I think you need to seriously think about selling that car.
    And buy one of these. They average about $3000 and they are virtually indestructible.

    http://thumbs1.ebaystatic.com/d/l225...oExj_aXMMA.jpg

  4. #14

    Default Re: What Can Collection Agencies Legally Do to Collect Debts

    No actually that's two car notes combined. My cousin is taking the payments of one, I'm taking over the other one so that's about $23,000 , I needed to get rid of that car (I'm only 30, I'm just really learning right now, I made a lot of bad decisions) .

  5. #15
    Join Date
    Mar 2013
    Posts
    18,340

    Default Re: What Can Collection Agencies Legally Do to Collect Debts

    Quote Quoting kennethwilder1
    View Post
    I made a lot of bad decisions) .
    Better to make them while you are young, recover from them, and learn.

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