assessing likelihood
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Posted by Armadillo
(12.213.78.230) on June 29, 2003 at 23:40:36:
In Reply to: Re: Part 2: Assessing likelihood of credit card companies filing lawsuits posted by scott on June 29, 2003 at 01:31:08:
I don't mean to assess risk so I may charge up more debt [before a hypothetical default]. Rather, I mean to assess the situation so I can decide whether to 1.) declare BK; 2.) think about working out a personal payment plan/consolidate debt; 3.) approach the CC companies with an 'on-the-dollar' settlement; or 4.) simply to 'let it go' and face the collectors' tin-pan orchestra -- the last, a legitimate option. My debt now is simply a fait accompli, and paying it all back is beyong the means of my unexpected new circumstances. -- Arma
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