I have 12000 in debts due to a divorce I have no ability to pay its so horrid will they always stalk me?

I Have moved 2 times since and they always are able to locate me and my cell number. I have been thru so much with the divorce and what he did to me. The charge cards were my sourse of food and clothing for myself and my daughter until I found a job. I have a job and have been working for 2 years now I am able to pay rent and provide a life for us not any extras but I am OK! Finally! I dont make alot now but I am standing back upright! I feel no one will ever want to marry me with this 12,000 debt over my head.(various cards) If I were to ever get married will the creditors come after the new husband. It has been 3 years now. Can anyone help me with advice? Thanks in advance

I have 12000 in debts due to a divorce I have no ability to pay its so horrid will they always stalk me?
If you file for Chapter 7 bankruptcy, your credit won't be any good.





On the other hand, it's already "not any good."





If you file now, you can be on the path to re-establishing good credit. Good credit doesn't just make it easier to borrow money. It can make a difference in how much you pay for insurance, and whether you get offered a job. (A promotion?)





If someone really loves you, your debt of $12,000 isn't going to stop him from spending his life with you. You don't need the state's permission, or even the church's, to stand together before God and commit yourselves to each other for life.





You can stop the calls from collection agencies by telling the callers that you will not negotiate with anyone but the principals.





But you seem to be a prime candidate for Chapter 7 bankruptcy. (N.B. There may well be an organization locally that helps people file for bankruptcy without a lawyer. Saving the $300-500 lawyer's fees, and paying only the $299 in legal filing fees, will make it easier for you and your daughter to get a fresh start.)
Reply:your life has become messy...





ok, here is my advice.





aim for a simple life, that is less materials things.





keep the essentials example mobile phone with prepaid card if possible.





don't sell all the things as some items are very basic needs!!!





if you have a house over your head, find appreciation you have a roof top.





if you have a job, tell your creditors you have a job but also lots of repayment and you are divorced with many other creditors but you are willing to pay by instalments.





aim to pay back the creditors but not at your total expense!!!





have some cash for basic expenditures and simple meals.





everything is start from basics and simpleness.





i took about 2 to 3 years to repay my mobile phone debts and it is very tough but i made it and so can you!!!





but the right way!!!





mercury of love
Reply:There are three things that can help you out if you intend to pay off this debt. 1. Consolidation. 2. Reduction in Interest rate. 3. You bring the debt current.





$12,000 may seem like a lot but its not that bad. At 9% interest your payment would be about $121 per month for 15 years. I know my Credit Union at 7% would pay off in 10 years at $139.





I would start by gathering together your debt and making a list of the amounts and the interest rates. Go to your bank or for me I would work with a Credit Union because they usually have lower interest rates and are more receptive to refinancing plan. Tell them what you want to do and see what they say. You maybe able to get the credit card company to forgive some of the debit but you can discuss that with the after you secure the consolidation loan from the bank.





You could file bankruptsy that's your choice but if you do that your credit is pretty screwed up for a fairly long time.





You could try a credit counselor bu there only going to do what I and others have just told you and they'll take a little for themselves.
Reply:Find an attorney that can help you take action to clear things up. You can set out to start repaying this debt or file bankruptcy. Just get it settled and go from there.
Reply:Paul has excellent advice, I totally concur.





The only thing I can add is "don't wait, just go do it!" you will feel SOOO much better!!!! I had to file due to my divorce in 2000. In 2003, I bought my first home all by myself, and now, my credit score is back over $700!!!
Reply:Yes, they will always stalk you. Yes, they will come after a new husband if you remarry. File bankruptcy, or get into a credit counseling program now, before they sue you, and it's too late. Once they get a judgment against you, they will garnish your wages.
Reply:Short of declaring bankruptcy in which you will retain your car and personal belonings, and house if you have one...


There is a way out of this nightmare.





Creditors are not allowed to "stalk" you. They have rules and guidelines they must follow. Call the State Dept. of Consumer Affairs in your state and find out what those rules are. Have a plan:





Contact each of your creditors, tell them what you have written above (in your question) and ask them to accept less than you owe, such as 50 cents on the dollar, or 70 cents. Then ask them to work out a payment plan that you can manage, such as $25 per month, or less if you can't manage that. Tell them that as you advance in your job and make more money, you may eventually be able to pay more each month.





For your own peace of mind and for unforeseen emergencies, I strongly urge you to "pay yourself first." That means you start a savings account for emergencies and put in a fixed amount or a fixed percentage of your earnings each payday.





This is how you dig yourself out of debt. Also, cut up your credit cards, or put them on ice, literally. Freeze each credit card in an ice tray so it will be harder to use, and you'll thereby have more time to think about whether or not you really want to charge more on credit. (Hint: You don't.)





As a public service, many credit unions hold free seminars on budgeting. Look into signing up. Good Luck and God Bless...

safety boots