As always you deliver some solid advice. Will you adopt me, I'll clean up my debt first lolYou should probably not file for bankruptcy.
You should make a debt elimination plan and start shedding costs asap. You should both be looking at any additional work you can do. Things are going to suck temporarily but you're setting yourself up for the future.
The car is not a big deal. Let it go. It was too expensive anyway.
Medical bills need a payment plan. Contact whoever charged you and asked for payment plan. Sometimes this can be as low as 20 or $40 a month. There are often deferments and other hardship things that are offered especially if it's from a hospital. The prices are all fake. They are used to bill insurance companies which negotiate down rates. No one is negotiating on your behalf if you don't have insurance but I'm not sure your situation. Regardless the price goes down dramatically when you're cash paying.
I would not take the credit hit and other drama for only two debts of a total of $26,000.
The car will be auctioned off and you will owe the difference between the car value and what you owe usually. Yes that means you might owe on a car you no longer have. Whatever. A few thousand dollars and shed that debt gone.
He's trying to take your spot @Lars!!!!!As always you deliver some solid advice. Will you adopt me, I'll clean up my debt first lol
He’s my dadAs always you deliver some solid advice. Will you adopt me, I'll clean up my debt first lol
Covid isn’t a viable excuse to get debt relief?
Bravo.If only there were a group of folks dressed as Dracula that could offer advice…
Call the hospital and tell them you know their prices are overinflated and that you'll only be able to make reasonable payments on reasonable charges. Tell them you want an itemized statement totaling all individual charges. Then call and bitch, bitch, bitch until they reduce. They most likely will.The prices are all fake. They are used to bill insurance companies which negotiate down rates. No one is negotiating on your behalf if you don't have insurance but I'm not sure your situation.
Dat squeaky wheel approach. I like it.Call the hospital and tell them you know their prices are overinflated and that you'll only be able to make reasonable payments on reasonable charges. Tell them you want an itemized statement totaling all individual charges. Then call and bitch, bitch, bitch until they reduce. They most likely will.
As always you deliver some solid advice. Will you adopt me, I'll clean up my debt first lol
Coupled with calling them out for what they are, they almost have no choice but to reduce. @Frankinmetz, you should also call a couple law firms in your area. Ask if they offer free consultation. If not, try to squeeze a few suggestions out of the legal assistant on how to negotiate a ridiculous medical bill. They're not supposed to give you legal advice but it can still be informative.Dat squeaky wheel approach. I like it.
I would contact the auto lender and medical companies & explain your situation. Tell them Covid has caused you financial burdens & request relief. Start with asking the medical companies to write off the entire $8k. You should be able to negotiate that balance down significantly. Once you’ve negotiated it down, ask them for financial assistance. 90 day grace period & monthly payment plan after that. Same with the auto lender. Tell them you need your payments deferred for 90 days. They don’t want to repossess the car, send it to auction, etc. They’d prefer you keep paying on it and should be willing to work with you.We owed 18,000 on the car and I'd guess around 8,000 in medical bills. I no financial guru nor do I have the best credit (650's) but I'm not sure how declaring bankruptcy would fuck me over in the long term. I'm leaning towards not to file.