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Im getting sued by a bank/credit card company! So much debt!

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I just got a summons today saying that Bank of America is suing me for 6,000 roughly. Im 25 yrs old and made the mistake of taking out several credit cards a few years ago at a young age. I was in college for 4 1/2 years and also had about 20,000 dollars in student loans. I have a extensive history of anxiety and depression in my family. I thought i didn't get any of it until i was about 21. I started sleeping too much, missing class, giving up on everything. I stopped paying all of my bills and got really really behind. I struggled with them all for a few more years until i became so distraught by the fact that the only payments i could make only took care of the never ending interests. My depression made me feel hopeless. I still spent money though, the little that i made, on things to make me feel better. Shopping made me temporarily feel better. I grew up with a poor family so they cant help me. I work as a waitress in a small town so i barely make anything either. I had to stop going to school because of my depression. I couldn't make it to class even though i wanted to so badly. The school took away my loans and grants so i couldn't finish (even though i only needed about 18 more hours to get my degree). I was in a huge hole and became even more severely depressed. Ive been on so many medications since then. I came to the point where the only way to make myself feel better was to forget my debts. I acted like they didnt exist. It kept me from crying. I don't know what to do! I cannot pay this amount. Can i somehow tell them about my situation and get them to negotiate?? Im so lost.




First thing I want to say is welcome. There are many people here that have been where you are, including myself. Although I was never clinically depressed my debts made it very difficult for me to live my life. It seems to overtake every part of your life. You have to make a pledge to yourself that your health and well being are so much more important than collection agencies. You can only do what you can do. So take a deep breath and know that you can make it through this. This forum is a place you will feel welcomed and no one will judge you.

As far as the summons is concerned I know someone will be along soon to advise you.

Sub: #1 posted on Tue, 02/19/2008 - 05:44

spatterson_40 spatterson_40

(Posts: 400 | Credits: 55.28)

Thank you :)

Sub: #2 posted on Tue, 02/19/2008 - 05:59

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Have you seen a bankruptcy attorney, maybe a fresh start would help. Most attorneys offer a free consultation.

Sub: #3 posted on Wed, 02/20/2008 - 02:56

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No i havn't. Ive been too afraid. I read somewhere that you cannot use bankruptcy on student loans anymore unless you have unbelievable circumstances and its a very long process. Ive also heard that in the past few years, its so much harder to go bankrupt, especially arkansas (where im at). I guess i should go see an attorney. That would help clear up or confirm any of these rumors.

Sub: #4 posted on Wed, 02/20/2008 - 03:56

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Candipoo, definitely go consult with a lawyer. There are certain instances where you can stop any and all actions due to mental health. It will also depend on when you were diagnosed. Your attorney will be able to address the laws regarding these circumstances.

Sub: #5 posted on Wed, 02/20/2008 - 13:56

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Dont worry its just a dept. U wont go to jail for this. Be happy.

Sub: #6 posted on Thu, 08/28/2008 - 10:11

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