Common Misconceptions?

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22 Jun Common Misconceptions?

There are several common misconceptions that many people have when it comes to debt. Some of the most popular misunderstandings are:

  1. Co-signers- yes, co-signers are affected, unless they file a Proposal or Bankruptcy also;
  2. Spouses- no, spouses are not affected by their partner’s debts UNLESS they co-sign them;
  3. Bankruptcy- lasts seven (7) years? No, that is the credit bureau duration IF you are a 1st time bankrupt only.

As you can imagine, there are many other issues that can cause misunderstanding, and we would be happy to help sort them out for you-the initial meeting is FREE