OP
Hard-core CEG\'er
Joined: May 2000
Posts: 1,228 |
Originally posted by svtcarboy:
Well... if he declared bankruptcy, does he have debt remaining that needs consolidation? I really don't believe in these consolidation services, as they are a big black mark when obtaining credit.
What he probably needs most right now is to establish credit. A store credit card and a major credit card are the best way to begin establishing credit, assuming he needs no major purchases at this time (car...). Responsible use of a credit card and a revolving charge will begin to build a positive credit history.
well, to be honest - it's some personal debt, not really 'creditor debt' - but of course with a bankruptcy you have to re-establish credit... i'm thinking of having him get a personal loan from a good bank and paying off the personal loan, then paying off the creditor's loan early...
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