Abner |
Wysłany: Śro 9:42, 15 Sty 2014 Temat postu: wucfFCwgpTWQgc |
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I am in the same boat 15k in debts. I didn't bother trniyg to get a consolidation loan because I already knew I wouldn't get approved. What I did do though is go to Money Management International since I didn't want to file bankruptcy. I signed up for a debt management plan. This plan is similar to a bankruptcy in that you can't have credit cards (all accounts are closed) and you can't finance anything.The differences 1) No bankruptcy on your credit report for 7 or more years.2) Completely optional. You don't have to include every creditor and your creditors don't have to accept any proposal. Because of this the 1st month or two can be a bit hard on the nerves.3) You can end the plan anytime. but your creditors will come demanding payment in full immediately on everything owed and don't count on them being willing to make a deal.4) If you miss a payment on the debt management plan your creditors can (and probably will) cancel their participation if they wish. |
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