Comments on: I’m Draining My SEP Retirement Funds to Keep Up My Credit Score. – Diana http://getoutofdebt.org/16321/im-draining-my-sep-retirement-funds-to-keep-up-my-credit-score-diana Free debt help and debt advice on how to get out of debt, getting out of debt consolidation scams, and inside information on the debt relief and debt help industry. Fri, 25 May 2012 02:12:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Thomas Fox http://getoutofdebt.org/16321/im-draining-my-sep-retirement-funds-to-keep-up-my-credit-score-diana#comment-17713 Thomas Fox Tue, 22 Dec 2009 18:41:15 +0000 http://getoutofdebt.org/?p=16321#comment-17713 Having excellent credit means nothing if one is so burdened by debt their lifestyle becomes compromised. While it is admirable to try and remain creditworthy, is it really helpful? Essentially, one becomes too concerned with maintaining the means to further the aspect of their lives causing them difficulty -- getting into more debt. In this case, the level of indebtedness may have already compromised the credit score (Amounts Owed accounts for 30% of one's credit score); therefore, this may be a moot point. There is NO shame in bankruptcy if it is an appropriate option. The system is designed to offer people a fresh start. No one gets into debt with the goal of bankruptcy; however, when so much stress is caused by one's circumstances it is wise to act. It may be trite; however, life is too short. Having excellent credit means nothing if one is so burdened by debt their lifestyle becomes compromised. While it is admirable to try and remain creditworthy, is it really helpful? Essentially, one becomes too concerned with maintaining the means to further the aspect of their lives causing them difficulty — getting into more debt. In this case, the level of indebtedness may have already compromised the credit score (Amounts Owed accounts for 30% of one’s credit score); therefore, this may be a moot point.

There is NO shame in bankruptcy if it is an appropriate option. The system is designed to offer people a fresh start. No one gets into debt with the goal of bankruptcy; however, when so much stress is caused by one’s circumstances it is wise to act. It may be trite; however, life is too short.

]]> By: Steve Rhode http://getoutofdebt.org/16321/im-draining-my-sep-retirement-funds-to-keep-up-my-credit-score-diana#comment-17710 Steve Rhode Tue, 22 Dec 2009 18:11:01 +0000 http://getoutofdebt.org/?p=16321#comment-17710 There is no need to call and warn your creditors about filing bankruptcy. If you get a call from a collector you can give them your attorneys name and number. But the most important thing to do is to file. That bankruptcy case number that will be assigned once you do file will show the creditors you actually filed for bankruptcy and they will know what to do once you give it to them. If you have not found a local bankruptcy yet, click here to find a local bankruptcy attorney you like. Make an appointment and get the ball rolling, right now. Steve There is no need to call and warn your creditors about filing bankruptcy. If you get a call from a collector you can give them your attorneys name and number. But the most important thing to do is to file. That bankruptcy case number that will be assigned once you do file will show the creditors you actually filed for bankruptcy and they will know what to do once you give it to them.

If you have not found a local bankruptcy yet, click here to find a local bankruptcy attorney you like. Make an appointment and get the ball rolling, right now.

Steve

]]> By: another single mom http://getoutofdebt.org/16321/im-draining-my-sep-retirement-funds-to-keep-up-my-credit-score-diana#comment-17709 another single mom Tue, 22 Dec 2009 18:08:00 +0000 http://getoutofdebt.org/?p=16321#comment-17709 Yes, but what action should I take prior to? Do I just stop paying my bills??? Then they'll hound me, too? Can't stand for that -- need quiet & to concentrate on my work, etc. I know if I keep paying my bills -- on time, etc. -- it won't look like I'm having trouble, and won't get the help (reductions in payments, interest, etc. -- even temporarily!!!!!) if I do. The mortgage company has turned me down twice! and its like doing a tax return to apply !!!! I wasted my time -- even though I'm not in default on anything yet at this point!!! Where is the PREVENTATIVE help? out there???? What action do I take prior to filing bankruptcy -- if I'm going to????? Call my creditors one last time? to WARN them? (probably not wise, don't cha think) Another single mom with nowhere to turn, and needing answers! (i thought i had this all figured out, but the cc companies have lots of tricks and hold all the cards, it seems)... Yes, but what action should I take prior to?
Do I just stop paying my bills???

Then they’ll hound me, too? Can’t stand for that — need quiet & to concentrate on my work, etc.

I know if I keep paying my bills — on time, etc. — it won’t look like I’m having trouble, and won’t get the help (reductions in payments, interest, etc. — even temporarily!!!!!) if I do. The mortgage company has turned me down twice! and its like doing a tax return to apply !!!!
I wasted my time — even though I’m not in default on anything yet at this point!!!

Where is the PREVENTATIVE help? out there????

What action do I take prior to filing bankruptcy — if I’m going to?????

Call my creditors one last time? to WARN them? (probably not wise, don’t cha think)
Another single mom with nowhere to turn, and needing answers!

(i thought i had this all figured out, but the cc companies have lots of tricks and hold all the cards, it seems)…

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