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How Can I Deal With My Magazine Subscription Debt? – Shawn

“Dear Steve,

I have been out of a job for a few years, I have been looking for work but so far there has been no response. My problem for me is that I am in debt to a magazine company and it didn’t help that I tried to go to school twice but I didn’t succeed and was forced to quit both of the schools. As I stated above I have no job no money and no source of income at this moment and I’m a little stressed.

My question is what can I do, I have tried to tell the magazine company that I have no money, no job and no source of income hoping that I could cancel my subscription and maybe cancel any future payments. Though I’d doubt they would do that, I’ve informed them before over the months that I can’t make payments but they keep harrasing me. Is there anything that you could suggest for me on the debt with the online schools and magazine companies? I’ve been thinking of going for bankruptcy but I looked and I have to find a class 3 months before filing. Is going for bankruptcy even a viable option?

Shawn”

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The Answer

Dear Shawn,

There is no way of telling if bankruptcy is a viable option for you without you talking to a local attorney licensed in your state. You can find a local bankruptcy attorney by clicking here.

I would not hesitate for you to call the customer service number of the magazine company and explain your situation. In fact I’d suggest that you do it in writing and send your letter by certified mail, return receipt requested, so you have proof they got your request.

Be sure to include a copy of the mailing label that is on the magazines you receive. It will contain information helpful for them to locate your account.

After you do all of this, you should realize that you are still going to be financially obligated for the issues you’ve already received, and they may even say there is some agreement between you in which you agreed for a specific subscription period.

Bottom line is that you have no money, no income, and they can send you to collections but what are they going to get at this point.

The best way to manipulate you for payment will be intimidation. Just be firm in your position and if they actually do send you to collections then you can deal with that when you find work again.

Does that sound like a reasonable approach?

Please post your responses and follow-up messages to me on this in the comments section below.

Big Hug!

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
  • Shawn

    Hi Steve

    Thanks for the reply, I’ve done what you suggested about calling customer service for the magazine company several times before. The problem is that when I tell them how do I pay my bills I tell them that I live with friends who let me stay there for free without paying anything like rent etc. Even though I tell the company this they still call or send letters and keep telling me to pay my bills. The only bills I have to worry about is the magazine company and the schools.

    • http://GetOutOfDebt.org Steve Rhode

      So here is what we are left with, you signed up to receive some magazines, I don’t think that’s disputed. As a result of that you owe a bill for the magazines you’ve received.

      You can always start a comprehensive refund request process by following this process.

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