Drowing in Debt and need a fresh start
November 20th, 2008 by Questions
I am 37 years old and have simply been very bad in the past with credit cards. I find myself not being able to get any cards due to bad credit… I have not filed taxes for a few years because I did not have any money to pay what I owe anyway -and of course I have had an assesment sent to me telling me I owe monies now to the government. In total I owe money to a large loan… a car loan which is more then the black book value of my car…. and money in back taxes.
Now I am in a better career and make ok money but by the time I pay child support, rent, food, and my car I don`t even have anything left to live let alone pay my debts. I am currently trying to sell my car and get a second job to increase my income but I will then owe remaining money on the car and will still have this huge black credit cloud over me. I would like to be able to look forward to starting to own things and etablish a good financial state in the next year or so… but I just don`t see how I can with a bad rating and the me looking over my shoulder for the tax man. What can I do? Would filing be a wise thing to do in my case? I can`t get any cards… have a $6,000 high interest loan (and I mean HIGH) that will take me forever to clear… how can I start over????
Posted from: Ontario