Quote:
Originally posted by Amputate Your Head
it's a trade off bro.... you gotta make the decision which means more to you.... credit re-establishment, or nuking the debt as painlessly as possible.
The credit relief will HELP you... you still pay the debts.
Bankruptcy nukes all the debts (unless they're student/government loans or child support) instantly.... you don't pay back a fucking dime. But your credit is fucked for a decade. (normally less for credit cards.... but fully for things like buying a house)
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He is a chonic gambler. That is how he got into so much debt. He owns a single wide mobile and an old car. His job only pays him $8.40 per hour, so I don't know how he even qualified to get so many credit cards with between 10 and 11 thousand indebtedness. Let me see if I am tracking this right. It sounds like just not paying is not an option. If he delcares bankruptcy this ruins his credit for ten years, but wipes out all of the debt. Will he be allowed to keep his car and mobile, both of them combined are probably only worth $8,000.00. These credit relief programs will make him pay through the nose until all of the debt is paid, but his credit remains good. Do I have it correct?