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Started By
Message
re: Car dealers have so much backlog, some 2022s are "new"
Posted on 12/2/23 at 8:54 am to SlowFlowPro
Posted on 12/2/23 at 8:54 am to SlowFlowPro
quote:
It's a worse option and likely not an option.
How so?
quote:
they want to keep their homes, cars, etc., it's not much of a choice
You can let the debt go and just make your car/home payment or BK so you have many choices
1
Posted on 12/2/23 at 8:57 am to SDVTiger
quote:
How so?
People who are earning decent salaries are going to have trouble getting major relief via BK. I don't even think 7 is an option.
They also likely do have some sort of investment/retirement or equity in their home to offset the debts.
You're coming off as Michael Scott, here.
It doesn't work that way.
And the impacts in the end, even if they could file BK, likely put them in a worse position in this inflationary environment. Getting credit now with a decent score/status is hard enough today. Imagine living the next 7 years in this environment with a BK over your head.
quote:
You can let the debt go
How do you "let" CC debt "go", exactly?
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