Mike
Site Admin
Joined: 11 Apr 2006
Posts: 11
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 Posted: Thu Apr 13, 2006 1:15 pm Post subject: What about Bankruptcy? |
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| Bankruptcy is everyone's option of last resort. Because it's a last resort, there is never a time when it does not remain one of your options. For this reason, it is not something that needs to be rushed into. Bankruptcy carries with it significant social stigma, and the devastating effects on credit last up to 10 years, and sometimes longer. Even when you can obtain credit, such as for a home or car, you are likely to pay higher rates. Over the life of a home loan, the added interest can add up to more than the amount of the debt discharged in bankruptcy. Debt settlement is bankruptcy prevention! |
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