Is it "just OK" to declare Bankrupcy?
Yup....tell him to get a second job and get it paid off asap. F
Yup....tell him to get a second job and get it paid off asap. Filing BK on $10k is just insane.
Soaplady, Thanks - though getting a second job - or even a fi
Soaplady,
Thanks - though getting a second job - or even a first job - is not so easy these days.
Anyway - he has ZERO bills - so should be able to pay this off if he stops pffting his money away.
This is for a BOA credit card - I think I will call them to be assured that if he does - indeed - pay off his debt - he would end up with a "paid as agreed" on his credit report.
I agree with Soaplady - he needs to pay this stuff off if all he
I agree with Soaplady - he needs to pay this stuff off if all he has is $10,000 worth of debt.
Having a few lates on his credit report, followed by a "paid as agreed" and then the accounts showing as paid off would look MUCH better than a bankruptcy.
that low of an amount isn't worth filing-has he tried to settle
that low of an amount isn't worth filing-has he tried to settle the debt? bankruptcy is a permanent solutiion to a temporary problem-as filing myself on $150,000 of medical debt 7 yrs ago I know how hard it is to get credit again..at a descent interest rate is still impossible..i strongly agree with soap & suebeehoney70..help him seek other options..much better in the long run
Thank you all for your advice. I thought to ask those whom migh
Thank you all for your advice. I thought to ask those whom might be "up against the wall".
I see from reading here that many are - and my heart goes out to you because I myself was once "there" I managed to claw my way back - and I hope you all can too.
I myself did that by simply "doing without" - for three very long years - to pay everything off - this was in the early 90's. I did not use any of these "debt services".
I wish you all good luck and God Bless.