19yrs old w/$115,600 cc debt

This is a discussion on 19yrs old w/$115,600 cc debt within the Debt Collection forum, part of the BANKRUPTCY & DEBT COLLECTIONS category; I did not realize I had to pay it all back so soon. I thought it was like a 30yr ...

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Old Apr 2nd, 2009, 06:01 PM   #1
Pinoy
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Big Grin 19yrs old w/$115,600 cc debt

I did not realize I had to pay it all back so soon. I thought it was like a 30yr payment deal. My parents said I could pay over 30 years on this. I signed up for 7 credit cards all over maxed 21% apr on most. I offered to make payments of $10 over the 30 years but they said no. Help
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Old Apr 2nd, 2009, 06:52 PM   #2
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Default Re: 19yrs old w/$115,600 cc debt

Yikes---I would see no alternative other than bankruptcy if you don't have the funds to pay it back.


That is an unusually high amount for somebody 19. Not sure how they even allowed it to get that high? How did that happen?
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