Tristan Dunston asked: Surging numbers of Australians defaulting on their credit agreements has led two of Australia’s credit checking firms to call for major credit reporting reforms to tackle the nation’s growing debt problem.Two recent studies conducted by credit reference agencies, Veda Advantage and Dun and Bradstreet have shown alarming increases in the number of…
Daily Archives: 6:05 pm
Bankruptcy or choosing to default on credit card debt. What are the ramifications of each?
perkins asked: I have A LOT of credit card debt from opening a business and having to sell it in one year because of family responsibilities. Saw a bankruptcy attorney, but the options don’t seem to work for me as there’s no way I could ever pay off these debts. I know it’s very immoral,…