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I got credit cards to pay for stuff, food, and books for college. My grades going down so i quit my job the cards went into collection and collection agencies. Can collection agencies sue me or bring me to court? Should i be worried ’cause i can’t pay until i graduate with decent job in finance. My credit debts don’t erase from credit report until 2009. I just wanna hide until i make some money.

5 Thoughts on I got 6 credit card debt defaults in collection agencies. What to do should I be worried? young and in college
  1. Reply
    June 7, 2013 at 4:32 am

    well if you file for bankruptcy then that should do it try contacting a bankruptcy lawyer since your young it shouldn’t hurt you too much

  2. Reply
    June 7, 2013 at 5:03 am

    You can be sued and brought to court. You should not just hide. You’re already in a bad situation because the cards went into default. You need to try to work something out with the collection agencies. Or you could try working with a credit counseling service that will be able to negotiate with the card issuers – -make sure you find a non-profit or other low cost service (try your state’s consumer affairs office).
    This is not a joke. I don’t know what your balances are but the collections people could put a lien on your car, your income — even future earnings. And if you want a new car or a home someday it will be really tough for you.
    Good luck and don’t let this happen again!

  3. Reply
    June 7, 2013 at 5:26 am

    Credit card debt is not like a student loan. The debt will be sent to a collection agency. I would recommend paying at least the minimum amount on the credit cards if at all possible. Another possible solution is speaking to a debt management agency. There are many that are not-for-profit and therefore do not charge for their services. Also, take it from someone a little older and still paying for the cheeseburger I charged my freshman year of college (circa ’99). It is better to starve than use credit cards! Cut them up!

  4. Reply
    the dream
    June 7, 2013 at 6:19 am

    Credit counselling is the answer; click on the credit counselling portion of this link:

  5. Reply
    June 7, 2013 at 7:07 am

    Starting life with a bankrupcy doesn’t sound a very happy beginning to me, why not get a credit card with ZERO interest for 12 months then pay the debt with it?
    However if you are not working this can be nothing more than a way of putting off the evitable but it will give you time asthough It really does little to correct the problem in the long term. That’s why many people come back to debt negotiation as a way of getting out of their financial problems and starting fresh start.
    More here:
    also plenty more to read here
    good luck!

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