Ok, so back in 08' I racked up a 6k credit card debt with ANZ... it was entirely my own fault.
Anyways, I was overseas for about 9 months, during this time I didn't contact ANZ and by the time I did call them to discuss the debt it had already been sold to Baycorp... 4 years later I get a call from Baycorp who are demanding I pay this debt (which is now 7.5k @ 9% interest).
I tell them the truth, I'm currently a full-time uni student who's also enrolled in tafe...living off centrelink benefits. I can barely afford to make ends meet at present let alone pay off this debt, but what can I do?
They told me to ask my friends/family for a loan... when I said that's not an option she threatened to take legal action against me... Argh !
I know I'm an idiot for digging myself into this hole but would appreciate any advice...