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I cannot pay my debt right now because I am unemployed and I am not collecting unemployment. Will this keep affecting my credit? I don't know what to do.
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Not paying a debt can negatively affect your credit. You may want to contact your creditors and see if they are willing to work with you. Alternatively, if you have significant amount of debt, you may want to consult a bankruptcy attorney.
Answered on Oct 23rd, 2013 at 10:22 AM
The answer provided is not legal advice and it is recommended that you seek advice of an attorney.