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Should I file bankruptcy or can I get a off?

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Anonymous
Not applicable

Should I file bankruptcy or can I get a off?

I.C. SYSTEM, INC
Original creditor:
T MOBILE USA INC
$1.608
Balance updated Feb 13, 2022


PROFESSIONAL DEBT
Original creditor:
BROXTON BAY LUXURY APARTMENTS
$11,155
Balance updated Feb 11, 2022


PORTFOLIO RECOV ASSOC
Original creditor:
SYNCHRONY BANK
$4.683
Balance updated Jan 30, 2022


LVNV FUNDING LLC
Original creditor:
PENTAGON FEDERAL CREDIT UNION
$2,469
Balance updated Feb 07, 2022


PORTFOLIO RECOV ASSOC
Original creditor:
CITIBANK N.A.
$4,725
Balance updated Jan 30, 2022

 

MIDLAND CREDIT MANAGEM
Original creditor:
CAPITAL ONE N.A.
$9,436
Balance updated Feb 02, 2022


PORTFOLIO RECOV ASSOC
Original creditor:
SYNCHRONY BANK
$5,629
Balance updated Jan 30, 2022

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2 REPLIES 2
OmarGB9
Community Leader
Super Contributor

Re: Should I file bankruptcy or can I get a off?

You've given us very little information to work with. All I can tell you is that 5 of your 7 collections do PFD (Pay for Delete): Midland, Portfolio (x3), and LVNV.

 

But we need a lot more info such as: currently open credit cards (if any)/limits/balances/APRs/minimum payments; currently open loan/balances/APRs/minimum payments; any other derogatories, such as charge offs/liens/repos; amount of money you have monthly to put towards debt.


Last App: 1/10/2023
Penfed Gold Visa Card

Currently rebuilding as of 04/11/2019.

Starting FICO 8 Scores:




Current FICO 8 scores:


Message 2 of 3
SoCalGardener
Valued Contributor

Re: Should I file bankruptcy or can I get a off?

Please provide the information @OmarGB9 mentioned so we can move forward with some [hopefully] helpful ideas.

 

On a personal note, I've gone the bankruptcy route and really, truly hated it. It's a sore point for me that I just can't forget, and really want to stress how long it and its ramifications stick with you. From what Omar said, it looks like you have a good shot at getting SEVERAL of your debts resolved/removed by making pay-for-delete arrangements. If that's at all possible for you to do, that would be my first choice.

 

Think long and hard before pursuing bankruptcy. It's a ten-year ball and chain...

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