How to avoid filing bankruptcy? We should revert to the old rules of family finance, even guru Suzie Orman agrees. Remember, those Depression era folks? Some are still around, like my in-laws. They considered it damn near a sin to borrow money. Pay interest? No way. Never had a credit card or a car…
Tag Archive: borrow money
Feel Guilty Filing Bankruptcy? Good!
G Is For Guilty image credit: Dreamstime Most of us have been taught to pay our bills. If you borrow money, you should pay it back. We get mad at our “friends” who don’t pay us back. Whether it is money for furniture, a truck, a car, a boat, a house, a vacation, a student…
Payday Lending V. Credit Cards
As banks tighten lending standards, or, should I say, go back to having standards, they turn down more borrowers. Over the last 20 years, a new industry has sprouted in between traditional lenders and traditional oan sharks a la Tony Soprano. Payday lending. Some states, not Michigan, have gotten rid of these parasites. They get…
Christ’s Message For Family Finances
Render unto God that which is God’s, and unto Caesar that which is Caesar’s. So said Jesus when the elite of the time tried to trip him up with a question about a Roman coin. I cannot find anything in the New Testament that says God will give us every material good we desire. Some…
Five Myths About Bankruptcy
Some still common myths about bankruptcy, in no particular order. ONE: My spouse has to file bankruptcy if I file. Uh, no, no one ever has to file bankruptcy. The law does provide for involuntary petitions, where creditors can get together and force a person or company into bankruptcy. But you can file without your…
How Does Bankruptcy Affect Credit Rating?
Unfortunately, if you are behind on your bills, your credit is already be bad. Bankruptcy will probably not make things any worse. A bankruptcy can appear on your credit record for ten years from the date your case was filed. Bankruptcy discharges out your old debts, you will be in a better position to pay…
How Will Bankruptcy Affect My Credit?
There is no clear answer to this question. unfortunately, if you are behind on your bills, your credit may already be bad. Bankruptcy will probably not make things any worse. The fact that you’ve filed a bankruptcy can appear on your credit record for ten years from the date your case was filed. But because…
