Credit Counseling Government Agency
How can I overcome my past financial irresponsibility?
I used to spend (and eat) emotionally.
Well, I finally realized what I was doing, and why I was doing it.
Now, I’m screwed. I just got laid off, and have way too much debt than any single person should have.
I am close to bankruptcy, but I’m not even sure the government allows individuals to file it anymore? Even if I do, I think it will ruin any chance for a house (not that I’m considering buying one), and some employers won’t hire you with bad credit.
Duh to them! I want to fix my credit, therefore, need to work.
I also thought about one of those Credit Counseling agencies, but have heard a few are scams themselves.
Does anyone have any information or resource information I might use?
As I type this, I am pricing various items I own, to sell. I don’t own a car anymore (talk about a money-drainer), don’t have any real assets. I do feel extremely embarrassed about my situation.
What can I do to climb out before I end up on the streets?
If you aren’t working look for a job now. If you are in over your head like it sounds you might have to file bankruptcy, and that isn’t easy any more. Legal aid doesn’t always file for you so you could need a lawyer (in some places there are volunteer lawyer groups that might help). You will have to go to bankruptcy court and take the classes they make you and report to an appointed representative of your finances. All while they might be draining any money you have in the bank and garnishing your wages. You might have to turn your income tax return over to the bankruptcy court.
You are right about some of the Credit Counseling Agencies being scams, I learned that the hard way. They don’t always pay your bills on time and can get you in more trouble.
There are a lot of people in your situation their spending or credit just got out of hand. If the debt isn’t ridiculously high you might be able to make payment arrangements with each of your creditors. It is better than bankruptcy. Some of them will take very small amounts each month.
You should sell what you can and try to pay as much as you can. My friend couldn’t even rent an apartment because they did a credit check, and it took her months to find a job that would take her.
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