disabled in debt

[diane123]

What is the name of your state? LA
I am in debt with several credit cards and a student loan. I was injured at work and am temporarily totally disabled. I did have excellant credit, but now that so many are past due the collection agencies are calling all of the time. I sent certified letters stating that I was not working and to please stop calling as it was making my health worse. One or two sent a letter saying they would stop; the rest still call. How long will this go on? I guess I am basically ignoring it all at this point, since I only receive workers comp and that could end anyday. Will they usually sue you? The most on a few of the cards is 10,000. The rest are small, and the student loan is 14,000. Is bankruptcy for me, since I really can't pay anything? Will they continue even if I am unemployed indefinitely? Sallie Mae keeps warning of default; what is so terrible, and is it worse to ignore it? I am able to make my mortgage and car payment for now, as a family member is willing to help with this. Is is likely than any of these companies will sue to take my house or car? I don't have much equity in either. I am a single parent, so this was my only income;do they consider this? If I am able to do some sort of work in the future,probably only part time, will they come after me then? If I get a small workers comp or discrimination settlement (eeoc), can they take either of those? thanks for any help, it's nerve-wracking to worry about all of this.

 

[Veronica1228]

What is the name of your state? LA
I am in debt with several credit cards and a student loan. I was injured at work and am temporarily totally disabled. I did have excellant credit, but now that so many are past due the collection agencies are calling all of the time. I sent certified letters stating that I was not working and to please stop calling as it was making my health worse. One or two sent a letter saying they would stop; the rest still call.

Did you send a C&D letter CRRRM and did you get the receipts back? Is so, the next time they call tell them that they are violating the FDCPA. If they argue with because the are the Original Creditor, explain to them that the State of Louisiana FDCPA laws include the OC. Also report them using the link at the bottom of this message.

Will they usually sue you?

Many creditors will take you to court to seek a judgement against you. It is not something that I can answer for certain, however.

The most on a few of the cards is 10,000. The rest are small, and the student loan is 14,000. Is bankruptcy for me, since I really can't pay anything?

Bankruptcy is a very serious decision, but it could be an option for you. If you decide to go this route, make sure you do it soon before the laws change. However, if your student loan is a government funded loan, you may not be able to declare it on your bankruptcy.

Will they continue even if I am unemployed indefinitely?

Yes.

Is is likely than any of these companies will sue to take my house?

Only if the win a judgement against you, and if it is allowed in your state. However, they would place a lien against your home, not take it.

I am a single parent, so this was my only income;do they consider this? If I am able to do some sort of work in the future,probably only part time, will they come after me then?

They could garnish your wages if they win the judgement.

If I get a small workers comp or discrimination settlement (eeoc), can they take either of those?

Chances are that this type of income would be exempt, but someone else here would know for sure.

At this point you have not been notified about any kind of legal action being taken against you. If you really feel that your financial situation is not going to improve, then you might want to seriously consider bankruptcy. If you have any questions about how to go about it Ladynred would be able to help you.

Good luck.

http://www.creditinfocenter.com/