Daily Archives: December 13, 2012

Bankruptcy Or Debt Consolidation?

Someone going by the moniker “Good Nelly”, on a debt consolidation site, writes about 6 reasons not to file bankruptcy.

Well, let me go through them.

1.  Your credit is badly hit.

Why are you contemplating bankruptcy if you have good credit?  Now, sometimes foresighted people call me right when they get laid off, or lose their overtime, or the partner bolts, and they know they will be in default soon.

But normally, folks try as hard as they can, as they should, to stay out of bankruptcy, and are behind on virtually everything before they call me.  Their credit, ergo, is already shot.

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One Response to Bankruptcy Or Debt Consolidation?

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