i want to cry..i finally did the numbers

iVillage Member
Registered: 06-10-2008
i want to cry..i finally did the numbers
15
Wed, 06-18-2008 - 11:42am

my girlish figures...

Come read my daily struggles:  

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iVillage Member
Registered: 11-17-2007
Wed, 06-18-2008 - 8:44pm
In the old days You had to be a total of 90 days behind before you were charged off and the account was either handled by the banks lawyers or it was sold to an outside collection agency and their lawyers.
This might help you. If you can keep the bills under that 90 days Say a month and a half or two months late but not go into that third month. Then they don't charge off they just call you and so on.
It is up to the lawyer if you get sued in the old days. If you own a house if you got a bank account if you have a job. then they will most likely sue you. They sue you get served and then you go to court and then they get a judgement against you. When they get their judgement then they put a lien on your house attach your checking account and take everything that is in it. and then they garnish your wages until all the fees and interest and principal is paid off. Liens on house stay on the houses until the amount is paid.
Sorry I could not help before
Maybe this will help you some
Mary Ann
iVillage Member
Registered: 08-13-2003
Wed, 06-18-2008 - 10:08pm

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iVillage Member
Registered: 11-17-2007
Wed, 06-18-2008 - 10:49pm

Yes that is what Suze Orman said the other night on her show. If you think that you have no way out but bankruptcy then transfer some of your student loan over to a credit card or to a helc because you can not claim your student loans on a bankruptcy.

I am sorry you feel that it is stealing. Is it any different then going bankrupt. I am not a big fan of that either but thousand do it every day.

I am just passing the information on. I don't judge people.
Mary Ann

iVillage Member
Registered: 03-17-2003
Thu, 06-19-2008 - 11:20am
What Mary Ann wrote
Avatar for cl_phocid
iVillage Member
Registered: 03-26-2003
Thu, 06-19-2008 - 1:25pm
Carolyn and Mary Ann are both correct.

All my best,
Danni

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