Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Bankruptcy
Profile Image

Question By
MNperson

0 Contributions
0 People Helped
bankruptcy and record of paying loans in others names
Because of a terrible personal situation, I had to stop paying on all my credit cards because I did not have any money for months and all my creditors sent me deep into collections. Several close family members wanted to help but didn't have money to give me so instead loaned me their credit cards to help me get back on my feel a little with the understanding that I would then make the payments on their cards, which I have. I will not default on those payments because they helped me out of the goodness of their hearts, i will not destroy or black mark their credit, but my score is completely trashed (525.) A bankruptcy attorney told me that because I have paid credit cards and loans through my checking account on family members accounts, that the bankruptcy court will go back to my family members and make them pay MY creditors for my cards and loans because I should have been paying them instead??!! I was hoping bankruptcy could give me a fresh start so when I have paid back family members, I could get myself established again and stay on track, but certainly NOT if it means these creditors will go after my family! I feel sick about this....any suggestions?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2791 People Helped

I would find another attorney, that sounds whacked to me.  Also, consider using a non-profit debt counseling company instead of filing bankruptcy.  No cost to you and your credit isn't trashed for 10 years as it is with bankruptcy.  Best of luck!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.