Also 21/Also Bought a Car (24k) and had 15k~ in cc's etc if you have any questions you can send me a message. Usually If yu do not have the money to complete the filing (Pay a lawyer) Then they will suggest chapter 13 (Pay Back The Debts You owe on payment plan) since these can be added to the bankrupcy payment plan. Legally a lawyer cannot accept money from a loan or cc so this would need to be cash (Not cash advance etc) and if you have recieved a large amount of money in the last 6months or close then I would say No go Altogether. Congrats first step just like aa is admitting you have/had a problem now you just half to fix it.
can you get out of the car loan ?
Are you late on the credit card accounts ?
i would stop paying on the accounts now if you can’t keep up the payments. Hold off on bk. That’s the nuke option. You do that when you have judgments that turn into bank levies and garnishments. Some may go after you some may not. Some may let you settle for less which is good if you can borrow some money
I have Santander USA as my bank, and they will not let me get out of the loan. Also, I am a few months late on my credit cards due to my low monthly income. At this point, I just want to get rid of all of it and get a fresh start since it has been stressing me out completely.
I mean get out of the loan by selling the car paying off loan and buying something real cheap.
I would try try to avoid bk. You are young and it could come back to bite you. Filing bk because you are under stressed might seem like the easy out. You should be working to somehow fix this and avoid bk.
Im 3 times older than you and I have seen over the years how bk can have long lasting consequences
If I were I'd listen the OP and do whatever you can to avoid bankruptcy. 28K might seem like a lot of debt, but you are young and you will probably earn more than that in the next 3 years or so. You said you have a job so why not try credit counseling instead? They can combine all your debts into one monthly affordable payment and get the interest greatly reduced.
At least 7 and up to 10 years on your credit report. File only as a last resort.