I just heard on the news that congress passed the new bankruptcy laws today. So it is in our best interest to understand what the changes would mean for us. Of course the banking industry has scored a major victory. But equipping ourselves with an understanding of the new legislation would make the bankruptcy process go smoother. This NPR article spells out the new law in detail. npr.org/templates/story/story.php?storyId=4600645 [COLOR=red][SIZE=2][Link made inactive as per forum guidelines-Vikas][/SIZE][/COLOR]

I had reason to file this as I was blind sided with a default judgment.

What are the administrative fees for joining?

A collection agency has bought my credit card debt. Now over the last 2 years it has been passed from one collection agency to another(all of which seem to be in connection with ONE lawyer. Its impossible to set up payments as when we call to do so we get paperwork back asking for our budget and what we can afford. Now that sounds great, BUT the minute we send it back they sent it to ANOTHER agency. Now the current agency wants more money then we can afford a month or they plan to take us to court. Any suggestion on what we can do would be helpful.

Husband currently has a collection agency trying to collect a credit card debt he had with Discover. The last time he paid Discover or anyone else towards this debt was about 3 years ago. So im curious what the SOL is and when would it start taking affect? Thank you.

Would it benefit me to either Consolidate with a credit card debt of under $5,000 or should I do debt settlement. Any advice is greatly appreciated.

Hey all - I recently started a new job, after four years of not being able to find steady work. In that time, I have accrued serious debt through credit cards and personal loans, and I would like to start paying them all off on a regular basis. However, in order for me to live at the same time, I need to find a way of consolidating, which is hard to do when I don't own a home. Any suggestions or help getting started would be greatly appreciated. Thanks Justin

Hello, all, I really need some help. When I was in college, I got a whole bunch of credit card and student loan debt. I thought I'd be able to find a job and be able to pay it off, and I haven't been able to do that. Actually, I did have a job and was starting to pay off my debts but my ex-husband was extremely abusive to me, and I had to leave my job, and thus I couldn't continue making payments. I have no idea where to start, I could get a copy of my credit report, but I'm visually impaired, and I'm too embarrassed to have my family go over it with me.

I would like to know where can i start? when i was younger i did a lot of stupid things , and one of them is opening up credit cards whereever i could not knowing the true meaning of credit. I paid them for some time and then i stopped. I want to clean up my report and pay them off now. I do not know where to begin? also i was wondering after everything is dealt with will they still be on my report. and if so what will they say they were paid up.. please help...

If a collection company doesn't accept a settlement for 40% or more and the account is 72 month's old or more, does the consumer have to pay the debt at all? Or can the consumer just wait it out and then make sure that the account is deleted after it's 7 year mark? :(