Don't kid yourself . . . you may be able to buy

Posted By: Former bank manager . . . on 2005-08-31
In Reply to: Bankruptcy is not that bad- filed earlier this year and - fleming

a house, truck and more, but you will pay a much higher interest rate, the other terms of the loans will be worse, and that BK will follow you for MORE than 10 years. Credit applications ask if you have EVER filed, not if you've filed within a certain time period.

So, although sometimes BK is seen as the only way out, it certainly isn't the best solution in most cases.

Complete Discussion Below:

marks the location of current message within thread

Consumer Credit Corp. ? Anyone have any info? (sm) - nn
- Baaaad experience with CCCS - been there
  - nonono - msbeanctr
- We went with CCCS about 4 years ago. - see msg
- This is the worst thing you can do, next to bankruptcy... - Former bank manager . . .
  - Forgot to add my accounts say "Closed at request of consumer." - SDK
    - We closed our accounts before going with CCCS. Have been very pleased with the way they have handle - account. nm
  - That's funny because after we went through CCCS our score went up significantly. nm - SDK
  - Bankruptcy is not that bad- filed earlier this year and - fleming
    - But you have learned nothing. Ever hear of paying cash for what you want, instead of financing? - nm
      - You go! - Outraged
    - Proud?!?!?! - Outraged
    - Don't kid yourself . . . you may be able to buy - Former bank manager . . .
      - After paying on my truck and house for a year I can - fleming
        I hope it all works out well for you . . . - Former bank manager . . .
        Quick question for x-bank manager - Excellent credit here
        Having a couple zero-balance accounts open is okay . . . - Former bank manager . . .
        Another question, please - Excellent credit here
        The older the account, the higher the score . . . - Former bank manager . . .
        Since your a former bank manager- how can I get - frost
        Without knowing the details of your finanacial situation . . . - Former bank manager . . .
        Thanks for the advice!!! nm - frost
        You're very welcome! :) nm - Former bank manager . . .
- I went through consolidation with CCCS - PJ
- Check out Genus - in debt
- RE: Consumer Credit Corp. - bea
- Consumer Credit - Patti
- You might do just as well negotiating - Listenup
  - You can't go wrong with Suze and take her advise, cut up cards but do NOT close accts. Just don&# - use them, better for credit rating to keep them op
    - This is not true if you have multiple cards. sm - R
      - Actually, NOT having open credit accounts hurts your FICO score. - tired of FICO
      - Do not close credit card accts with 0 balance - Excellent credit here
        You really should close some of them. sm - R
        That was the old advice before FICO scores came out. - still hate FICO scores
        Where do you get your info? - Excellent credit here
        Info from 2 different mortgage officers.sm - R
        Well, that is incorrect information. You should leave your 0 balance accounts open sm - Chrissy Consumer
- consumer credit - duck

The messages you are viewing are archived/old.
To view latest messages and participate in discussions, select the boards given in left menu

Other related messages found in our database