I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and

I got credit cards to pay for stuff, food, and books for college. My grades going down so i quit my job the cards went into collection and collection agencies. Can collection agencies sue me or bring me to court? Should i be worried %26#039;cause i can%26#039;t pay until i graduate with decent job in finance. My credit debts don%26#039;t erase from credit report until 2009. I just wanna hide until i make some money.

I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college

Starting life with a bankrupcy doesn%26#039;t sound a very happy beginning to me, why not get a credit card with ZERO interest for 12 months then pay the debt with it?

However if you are not working this can be nothing more than a way of putting off the evitable but it will give you time asthough It really does little to correct the problem in the long term. That%26#039;s why many people come back to debt negotiation as a way of getting out of their financial problems and starting fresh start.

More here: http://finance.ebookorama.com

also plenty more to read here

http://credit.ebookorama.com

http://credit-cards.ebookorama.com

http://credit-repair.ebookorama.com

good luck!

I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college

I would visit http://www.CreditCardHelpDesk.... if you need some help. Report It

I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college

well if you file for bankruptcy then that should do it try contacting a bankruptcy lawyer since your young it shouldn%26#039;t hurt you too much

I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college

You can be sued and brought to court. You should not just hide. You%26#039;re already in a bad situation because the cards went into default. You need to try to work something out with the collection agencies. Or you could try working with a credit counseling service that will be able to negotiate with the card issuers - -make sure you find a non-profit or other low cost service (try your state%26#039;s consumer affairs office).

This is not a joke. I don%26#039;t know what your balances are but the collections people could put a lien on your car, your income -- even future earnings. And if you want a new car or a home someday it will be really tough for you.

Good luck and don%26#039;t let this happen again!

I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college

Credit card debt is not like a student loan. The debt will be sent to a collection agency. I would recommend paying at least the minimum amount on the credit cards if at all possible. Another possible solution is speaking to a debt management agency. There are many that are not-for-profit and therefore do not charge for their services. Also, take it from someone a little older and still paying for the cheeseburger I charged my freshman year of college (circa %26#039;99). It is better to starve than use credit cards! Cut them up!

I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college

Credit counselling is the answer; click on the credit counselling portion of this link:

http://hawaiinetwork.com/index.php?optio...