In October 2008 I lost my job. I have 2 credit cards through Capital One and could not afford to make any type of payments on them bacause I had to pay for food and housing and a baby. I am single so no support from a spouse either to at least pay a little towards card.
I have received my phone calls and I have informed them I was unable to make any type of payment as I do not have any type of income. I have now receieved a letter from a Lawyers office and they are telling me I must pay account in full which both together is only 3,000 dollars which isn’t near as much as some peoples debt I canunderstand. I however have no way to pay at all.
They informed me if I do not pay that legal action will be taken and I will be sued.
I called the office and told them what are my options that I have no income at this time and the man I spoke with told me it didn’t matter if I did not pay, Capital One will sue me for the monies owed and that was it.
What can I do? I own nothing, no home, car, no pensions, 401k, I have nothing to my name at all.
What can I do should I just file bankruptcy and be ruined which my credit already is, so what is the difference, I know there is money to pay for bankruptcy also, do you have any suggestions.
I am actively searching for a job , currently my parents have been helping me, but they are barely helping thierselves so I can’t ask them to pay my bad debt and they are my only famly.
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The AnswerI Had a Baby, Lost My Job, and Can't Pay My Credit Cards. - Amanda by Steve Rhode