antipode12 wrote:Does this mean that it leaves my credit report in 2019? Or is it 7 years from 2014 --> 2021?
As I said above, date of first delinquency. Sounds like you went 30 days late back in 2012.
antipode12 wrote:(fwiw, I sued my ex, and in court, the judge believed her defense that I promised her she would never have to contribute to the debt, and the judge asserted that a couple determines who owes what percentage of a debt. In this case, he said she did not have any explicit obligation to pay any more than 0%. I was stupefied.)
Not surprised. You had nothing on paper and were the main account holder.
antipode12 wrote:So, how's this for a plan?
A) I contact Credit Collectors and provide them with ex's contact info, in hopes that it pressures her to make some payment.
No harm there.
antipode12 wrote:B) I sit and wait, and hope that I do not get sued over the next 7 years.
Or, you could try to pay off the debt you incurred. The costs of your delinquency are figured into the interest rates and annual fees of every other cardholder. I don't particularly enjoy paying for your mistakes. (Any more than Member enjoys bailing out the banks.)
antipode12 wrote:C) If I do get sued, I can then negotiate to pay the debt at a discount. (Hopefully, a deep one by then.)
Don't count on it. If it was me representing the creditor, I'd get a judgment for the $5300, plus costs. That creates a new item on your credit report that lasts for another 7 years - to 2021 at this point. And, depending on your state, the judgment itself can last anywhere from 6 years to forever.
antipode12 wrote:D) When the resulting 1099-c is filed, I will declare insolvency in order to avoid being charged for it.
Now, you're just being a complete deadbeat. So, now I have to pay for your delinquency and for your taxes?
antipode12 wrote:E) In all cases, my credit is equally ruined.
antipode12 wrote:What do you think?
I think you should suck it up, deal with the fact that you made a financial error, and figure out how to pay back the money you owe. I'm ok paying my fees and taxes to take care of people in unfortunate circumstances. You created your own mess and are now weaseling out of it. That's complete bullsh!t.
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