I wanted to see if someone has some advice , or has been in similar situation-
I just maxed out all my credit cards ( 3 boa - Total 23k ) and city card 10,4 K , and 1 K in medical care credit card, my total CC debt is about 34 K.
I have not missed any payment yet , it is due in 3-7 days, but I have no money to pay , and all my cards have like 5-15 $ left . I have nothing in my name , no savings account, just lots of debt , student loans for around 33k , my car - I still owe 5 years of payments. No house. So , there is not really to take away from me.
basically , can the banks garnish my wages if I have nothing? normally , I have $ 200 left after I make all my payments, rent, student loan, car , cable each month.
I do not care about credit at this point , as I will never be able to pay it off anyway . How do I wait for banks to offer me settle like 20 %25 % of my debt? I have no money saved , but If I know I only need 20 % of 33 K, I could somehow start saving for this . The statue of limitations is 55 years in Florida I think , so maybe I wait 5 years and my debt will go away ? or should I file bankruptcy ?
Should I ignore their calls ? Should I wait for them to send me letters, then ask them not to contact me at my cell ?
should I wait 90 days for that ? of should I just stop paying and wait for collections agencies?
Thanks for advice !!!! I greatly appreciate it !