Collection of credit card debt
(Sussex County NJ)
I have been unemployed for almost six years. I used my Bank of America credit card to live, eat, buy gas. It reached $10,000 +/- and now with penalties and interest is $15,000 +/-. Collectors harassed me constantly. Two years ago I signed a consent judgment to pay $50 per month. I stopped paying the $50 per month because I do not have it. Eight months ago, when I had $250 in my checking account, the collection agency took it. I keep less than $25 in my account now.
I am a single woman, almost 62. I own nothing. I live with my son and his family. I exchange room and board for childcare. I am and have been looking for work but having no vehicle makes it difficult.
I have had no correspondence from the collector for many months now.
My question: Is it possible the debt could have been "written off"? My friend told me that credit card companies have insurance for cases that are impossible to collect. If this happens or happened, would the judgment be lifted from my credit report? Do they just give up?
I am considering bankruptcy, if I can even afford that. But if the judgment is lifted, I would not.
Also, if I find a job and start working, can my creditor find my place of employment from a W4 or any other means? Can they find me?
Thank you very much for your help.