Archive for May 31st, 2009
May 31st, 2009 | 
Author: 
Arjay V asked:
hi, i recently racked quite a debt due to my gambling addiction. i owe credit card companies about 40k. that amount is not from purchases but from balance tranfer checks that I cashed to use for gambling. basically, i didnt use any of the check to consolidate debts. I know my credit is ruined because I haven’t paid them in a while. I do however, want to pay them back but I cant afford to pay all of it. I need help deciding if I should file for bankruptcy or apply for debt consolidation. I have a stable job but it would take me a gazillion years to pay all of it. I want to start fresh and start rebuilding my credit. Please help!
Hassan Handel
hi, i recently racked quite a debt due to my gambling addiction. i owe credit card companies about 40k. that amount is not from purchases but from balance tranfer checks that I cashed to use for gambling. basically, i didnt use any of the check to consolidate debts. I know my credit is ruined because I haven’t paid them in a while. I do however, want to pay them back but I cant afford to pay all of it. I need help deciding if I should file for bankruptcy or apply for debt consolidation. I have a stable job but it would take me a gazillion years to pay all of it. I want to start fresh and start rebuilding my credit. Please help!
Hassan Handel
Posted in Personal Finance | 
Tags: Credit Card Companies, Debts, File Bankruptcy, Gambling Addiction, Personal Bankruptcy | 
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