Walk Away
Can you actually legally walk away from debt as commercials claim?
I keep hearing various commercials about how you can legally walk away from debt. Is this true? I’m sure there’s a catch, but what? What are the rules if it is possible and how does the process go?
Of course you can walk away from debt, by financially ruining yourself. Basically your credit score will suffer the hit. You could declare different types of bankruptcy, or you could simply stop paying, get turned over to credit agencies, when the credit agencies call, tell them they are causing you undo stress and that you demand they stop calling you. By law they must stop calling you then, or go get a lawyer pro-bono and have them send a letter 
. You could also try debt consolidation (combining all your loans). You could also negotiate all your debts and close the accounts by “paying less then is due”. While this hurts your credit its not as bad as going BK.
Anyways, if you have debts that are noncollectable then what can they do to go after you. Of course if you own a home or other levy-able assets they can lien those or repo them. Its not illegal to run out of money.
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Leslie Sansone – Walk Away The Pounds:The Ultimate Collection W/Stretchie (DVD) $10.88 Description not available. |
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