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I am $16,000 in debt with a credit score of 548. Should I file bankruptcy?
I need to reestablish myself. What is the best way?
Asked by
duckjames
5 months ago
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I would check with Greenpath credit counseling. They are highly recommended and I have been recommending them since I started on this board about 2500 questions ago. They help consolidate, reduce payments and balances, help with budgeting etc. Good Luck.
nandog 5 months ago
forget credit couselling... they are charging you money for things you could do your self at no cost... start by pulling a fresh up to date credit report f4rom all 3 bureaus, with scores... FROM ALL 3 BUREAUS. you may not be as deep in a hole as you thought,. then look at the dates of first deliquency on all of your negative items... if it is older than 5 years, then you would be better off just lettiing the accounts age off your credit reports as the statute of limitations runs out... filing a BK will foul you up for the next 10 years, and in this case might do more harm than good...
matman1490 5 months ago