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Debt Relief – Insolvency – Bankruptcy Information » Bankruptcy Help » IS THE bankruptcy is the last solution for to much credit?

IS THE bankruptcy is the last solution for to much credit?

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5 Responses to "IS THE bankruptcy is the last solution for to much credit?"

  1. heart_and_troll says:
    Question makes no sense. THE bankruptcy? Too much credit doesn’t cause bankruptcy – using it poorly does. I have tons of credit, and I’m not facing bankruptcy.
  2. lilmama24 says:
    depends on the situation. u dont give enough info.
  3. Baby Bunny says:
    I don’t get your question but i kinda do… i don’t think it is ythe last solution…
  4. sarge927 says:
    Bankruptcy should be a last resort because it messes up your credit for a long time. If you have too much credit, look into a credit counseling service. My wife and I went through Consumer Credit Counseling Service of Ventura County, California. They helped get our monthly payments lowered (and the interest they charged), and they only charged us $10.00 a month for their services. It took 2 1/2 years to pay everything off, but once we did they worked with the credit bureaus to help repair our credit rating. I’d recommend CCCS to anyone, but be careful — there are scammers out there who say they’ll help you but just end up taking your money. So check out any credit counseling service with the Better Business Bureau before you do anything.
  5. Pitty T says:
    No, you can opt for a debt consolidation loan

    Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.
    http://debt-trap.com/category/Debt-Consolidation-Basics.html

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