Tag Archives: file-bankruptcy
Debt Consolidation Wastes Time and Money
Does credit card management or debt consolidation work?
While there are some good arguments about why it might work, my experience is that there are many reasons to avoid credit counseling and consolidation.
All it does is delay the inevitable… kind of like paying your mortgage with your credit card.
Go here to see the original: Debt Consolidation [...]
The Mortgage Crisis
John Stossel has some interesting thoughts about the mortgage crisis, subprime crisis, financial crisis, disaster and credit crunch.
Thoughts?
Continued here: The Mortgage Crisis
a2a_linkname=”The Mortgage Crisis”;a2a_linkurl=”http://www.frenzydebt.com/2008/04/24/the-mortgage-crisis/”;
How long does bankruptcy stay on a credit report?
This is one of those bankruptcy FAQs: people are confused about bankruptcy reporting, and think it’s like all other credit reporting (seven years).
Question: how long does a bankruptcy stay on your credit report?
Answer: Ten (10) years. Source: FTC
See more here: How long does bankruptcy stay on a credit report?
[...]
Business bankruptcy: Chapter 11 for 2
Frontier Airlines and Linens and Things both might need to have a reorganization, it was reported Friday. Note that these are different than Chapter 13 bankruptcy, which is a much smaller reorganization (and more common).
View original here: Business bankruptcy: Chapter 11 for 2
a2a_linkname=”Business bankruptcy: Chapter 11 [...]
