unemployed and can't pay bills

by beth
(Eden Prairie MN)

I look for work full time. I have been unable to find a job and keep a job. The last one was temp and lasted 3 weeks. I cannot pay my bills.

Do creditors have to give you time because you are unemployed? I want to pay but cannot. If you make a payments when i can shouldn't that stop collection agencies? don't know what to do

Reply from DebtCollectionAnswers.com:

Beth,

We are really sorry to hear how long you've been unemployed. It must be horribly stressful for you.

Creditors or collectors don't have to give you a break because you are unemployed. It's not clear what the status of your bills are, but credit card companies are typically required under banking regulations to charge off accounts when they are more than 180 days behind. Partial payments won't stop that process unfortunately.

However, the reality of your situation is that if you can't pay, you can't pay. They may try to collect, but there may be nothing they can go after. In other words, you may be
judgment proof.

If that's the case, you may simply have to tell the creditors or collectors that you can't pay, explain why, and if necessary, send a cease contact letter asking them to stop contacting you.

Please be sure to at least
read the first chapter of Debt Collection Answers online for free so you understand what they can and cannot do when they try to collect from you.

Hang in there. We hope you'll be able to get back to work soon.

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