Day By Day© by Chris Muir.

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Wednesday, August 6, 2008

Bankruptcy alternative


http://www.buzzle.com/boards.asp?board=223&message=150800
I saw this post in a board about using a credit union as an alternative to personal bankruptcy. This poster thinks that you can put all your finances in the hands of a credit union and they will manipulate your finances until you are solvent.

1 comment:

Anonymous said...

Credit unions will give their customers lower interest rates but they can't work miracles. If you are so underwater that you can't get out from under your debt no matter how low the interest rate, then you need a financial counselor and to consider bankruptcy. The credit union is helpful if you can still afford to pay your debt back.