Ok, l have 5 negative and 5 positive credit marks on my credit report.My fiance has 0 positive and 2 negative.We both have a negative mark for a joint automobile.We were both in a wreck (not our fault) and have been w/o transportation and a job b/c of the wreck.It caused a lot of things to become negative marks.
l dont see how l have positives b/c we were unable to pay everything other than rent/electric/water.We got some money from the insurance company for pain & suffering and lost wages.Currently, l have paid off 1 of his negatives (not the vehicle, but the credit card he has)... and 3 credit cards that were negative.l am still months late on one loan (which is still deemed positive).The other credit card l never used and had closed a yr ago.And the other positive l am making minimum payments on (but was late 2 months).

So, all the APRS have shot through the roof... combined, we are about 12-13000 in debt (most being the vehicle, followed by my loan and credit card).The APR on the vehicle is outrageous...and payments more than doubled.Only 1/9 goes towards the vehicle...the other 8/9 goes towards the finance charges.The vehicle is on a Honda credit card.

Should l file bankruptcy?What about 3 yr bankruptcy term (or shorter)?How does that work...will it show in the future after 3 years?
Also....if l filed bankruptcy....would the vehicle be only his repsonsibilit then?How can we get the vehicle out of our life...lol!Its a pain, monthly payments are outrageous...and its not worth what we owe now.
l do have a old vehicle that was given to be as a present a few years ago as a graduation present.Its pretty old, but it runs ok (not well).Its probably only worth about 1000.l use it as backup if l have an emergency...but it doesnt run very well so l dont like to drive it.
If l filed bankruptcy...would they take that away?

Heck yeah, your a great candidate for chapter 7 bankrupcy. Ask yourself this: Is my future any brighter if l stay in this situation any longer? Bankrupcy will be on your record for 10 years. You can rebuild your credit within two years.

Have you tried asking for a deferred payment? If you explain the situation to the credit card companies they may be more willing to do that than to have you file for bankruptcy.