Everything I own that is of any value like my car and tv and computer and shit is all purchased with cash. I rent right now, and with my situation, age and short future I won't be purchasing a home for a long while. Over the last few years I racked up like $6000 - $7000 in debt, and wasn't able to pay it off for certain reasons of my own.

They hunted me down and tried to collect for a while, and I avoided (a lot of you have been there), and I now it's kinda serious. Apparently the juice was running the whole time, and I owe appx $10,000 to $12,000. I just started back in school and am using loans for the time being. I have SOME cash in the bank... until Jan then I get a little more but some of it is going to school and living expenses. I do pretty ok still with things on teh side, but my taxable income is like $500 a month. Last years taxable income for the year was $5000. Taxable .

I never had much credit and the little I did is messed up now. I am thinking of just starting a clean slate and filing. Anyone have any experience with this before? What do you all think?