Q: I have a remaining balance of 1,400 on signature lone and I can’t pay on it anymore what do I do
I have medical things that need done but can’t even afford the copays
A: If you are so far in debt and your income is limited you have an absolute right to file a chapter 7 bankruptcy (8 yr between bankruptcy filings). I have a cut off of around $10,000 in debt as when a person really needs to follow up with bankruptcy. If you do not pay they sue you and garnish your wages or lien your real estate. You can not pay and run/hide . Or you can try to come up with a lump sum and negotiate a flat lump payment. Sometimes it has to get over to the collection agency to get this to work. Remember no option will keep your credit rating from plummeting.
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