I decided to file today but it wasn't a easy decision. I don't have much credit card debt but I have a repo from Capital One reporting $7,162 and Hunter Warfield (the creditor from hell) is reporting in the amount of 2,367... the other 11 delinquent accounts on my credit are a few hundred to thousand dollars. The total of my unsecured accounts is a little over 15,000. I also have 73,000 in student loans that I haven't paid a dime on. Although my unsecured debt is not that much I haven't been able to pay anything because I have been out of work for 7 months. 2 months ago I was facing eviction (I used my income taxes to pay my back rent and thankfully I am able to stay in my apartment), Midland Funding served me with court papers for a 3 year old credit card balance, and Capital One Auto started sending me letters requesting for me to pay 700.00 a month towards my balance to settle the account (I was worried about getting sued by them too). It all became to much for me as I am a single mother as well.
I hope within the next few months I can obtain employment, rebuild my credit and finally start to make payments towards my student loans.
Thank you. I actually feel good about my decision. I know I probably had other options but at least I don't have to worry about any extra bills for now.
I included some old bills that I had that are no longer on my credit report but are still hindering me from obtaining certain services (Verizon, Sprint, Comcast, and Direct TV) plus a few others. So once I sat down and thought about everything I think the bankruptcy will open up more options for me besides just credit cards. I'm looking forward to making better financial decisions. Thank you