I won’t be able to look at the answers until I’m home from work, but I look forward to seeing how YA users think we could reduce the national debt. It’s well over $12 trillion and still climbing rapidly. It’s not a problem that will go away if we just ignore it, and the interest on that debt is very substantial. The issue of the national debt must be addressed, the sooner the better.
Posts Tagged ‘Debt’
Is financial analysis and consolidating debt really worth it?
Posted by admin on August 31st, 2010
My boyfriend and I just had a financial analysis done but haven’t gotten the results on our options yet. Is it really worth it to go through with this? Has anyone had experience on it? I mean we have debt but not so much we can’t handle. On the other hand we are both mid-twenties and have no retirement savings started and we are not able to put much, if any, in our savings accounts. We will have the option to consolidate debt, start retirement accounts, have money to put in savings, and get better life insurance. Is this just a ploy for the financial company to prey on young people or is this real? Please help!
How much debt would it take for you personally make the decision to file bankruptcy?
Posted by admin on August 28th, 2010
I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer.
What’s the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don’t mind?
