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financial hardship question
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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financial hardship question
which is worse:
bankruptcy or foreclosure?
if your only debt is your mortgage
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Posted 10/4/08 6:31 PM  |
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KateDevine
*
Member since 6/06 24950 total posts
Name:
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Re: financial hardship question
I'm not an expert, but I'd think foreclosure. At least with bankruptcy it looks like you are doing something about it, KWIM?
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| Posted 10/4/08 6:56 PM |
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CkGm
They get so big, so fast :(
Member since 5/05 13848 total posts
Name:
Christine
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Re: financial hardship question
I think it depends. Both will pretty much ruin your credit but I think as a county people haven't seemed to care about that lately I would say foreclosure since it would be difficult to find housing due to debts and the costs of renting.
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| Posted 10/4/08 7:06 PM |
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bklyngirl
COULD THIS BE MY YEAR??
Member since 6/05 15758 total posts
Name:
Gail
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Re: financial hardship question
foreclosure
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| Posted 10/4/08 9:34 PM |
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Re: financial hardship question
Message edited 9/11/2011 1:37:02 AM.
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| Posted 10/4/08 9:38 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: financial hardship question
I am going to say bankruptcy is worse.
It is possible that the government may come in and do something about all these forclosures. Maybe either adding aid for them or changing the laws on how they affect your credit.
They both suck though.
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| Posted 10/4/08 9:58 PM |
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