Credit Card debt

[Nightfly]

If you let the CC go to charge-off, it could be well over a year or two before a collection company decides to file a judgement against you. Even if a judgement is filed, you can work out a deal with the collector before the whole mess gets before a judge. If a judgement is filed, the burden is on the collector to actually get the money. If you still don't have a job at that point, the collector can't (as the saying goes) draw blood from a turnip.

As many of the other posters indicated: focus on finding work, and paying for essentials. Don't worry about the cc right now. The charge off might work its way through two or three collectors before one of them decides to file a judgement.

[naomibatac]

Credit Card Debt

I have been in that situation before. I am always on time with my monthly payments, but something happened that forced me to quit work and I was only delayed for 2 payments. The bank demanded full payment of the balance. What I did, I negotiated for a structuring and asked for a minimal monthly amortization. I paid the everything and was not given a bad record. I now have a Visa unsecured card. My advice, pay it off in order not to ruin your credit terribly.