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Bankruptcy Versus Serious Delinquencies

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MB2714
Regular Contributor
‎06-07-2014 04:58 PM
‎06-07-2014 04:58 PM

Bankruptcy Versus Serious Delinquencies

I'm  wondering which is worse or better? Bankruptcy or Continuous late pays on certain accounts and collections? If you have at least 2-3 positive trades you've had for a while is it better to pay the rest late. And pay when you can? Or go Bankrutpcy route. 

Chapter 7 Discharge April 2015. .Transunion 662 07/2017
Equifax 652 07/2017
Experian 657 07/2017
Cap One QS $2,200; Cap One QS$2,950; Cap One PSVisa $1,100; Nordstrom Visa $3,500; Target $300; Syncb/Walmart $500; VonMaur $500; Cap1/Saks $500; Barclays MC(AU) $6,400; Buckle $250; Syncb/Car Care (AU) $2,500.
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simi_go
Frequent Contributor
‎06-07-2014 11:52 PM
‎06-07-2014 11:52 PM

Re: Bankruptcy Versus Serious Delinquencies

If it is possible to avoid bankruptcy by having a few lates, I would say do it.  Of course eveyone has to make their own decisions, but I would leave bankruptcy for and absolute last option.

My wallet: Newest to oldest.





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