Personal Debt-Information On Average Personal Debt, Personal Debt Consolidation Loan, Personal Debt Consolidation

Michael R asked:


What I am asking is highly unethical and possibly illegal, if that is the case please let me know if it is illegal so I don’t get myself in trouble.

I currently have an LLC, I also have a large amount of Credit Card debt.

If I put all my Personal Credit Card Debt under my LLC, (LLC credit and so on) make a good faith effort to pay off that Debt, but have to declair bankruptcy on my LLC, How will that effect my Personal Credit rating?

Also since the debt it under my LLC because I used that to pay off all my personal credit card debt, could collections come after my personal finances?
But if I open a bar with my LLC, and the bar goes under…the creditors can’t sue me to collect the debt because the LLC protects me. Am I not understanding that aspect of LLC’s?

Using that, if I pay off my Credit Cards with the bank, using my LLC credit, defult on my LLC debt…my LLC should protect me.

Unless I am completely miss understanding what an LLC protects you from.

Jewel Sweatmon

CHRIS M asked:


is unsecured debt payed by a lien on your personal belongings and or house

Dorothy

Simple Words asked:


Where I can talk to a live person prior to applying? I have bad credit and want to get rid of my debts and start fresh. There is no regular bank that would approve me and all I’ve found online are automatic loan sharks that only offer payday advances, and that is not what I’m looking for.

Is there a site where I can speak to a live agent so I can explain exactly what I need prior to applying?

Chuck Norris

justifiedsins asked:


Like from Canada to Bahamas, Mexico, etc? In terms of debt I’m just talking like only $5000 credit card debt.

Cara Larose

barbie asked:


OR who can lose their professional license for having bad personal debt

Carol

Melissa G asked:


I have about $23,000 in credit/medical credit card bills. I tried personal loans with 2 different banks, but I didnt qualify because it was it was considered “too much unsecured debt”.

Denny Benchoff

Ray J asked:


I am with Bank of America and i can’t seem to find on there website where to get a personal loans to pay off debt.. Or am i suppose to go directly to them?

Ivory Flaming

John E asked:


I have good credit but because I got laid off work my ratio is over .50.

Charley Smaldone

kelly g asked:


Does anyone know of a loan company or a credit card company that specializes in that kind of loan. My credit score is about 680. I make about 70000 a year but my check only shows about 30000 so i need a company that doesnt check income or understands that i am on i tip compliance with the irs.

Darron Venuti

Pelat asked:


Which is better debt consolidation loan or a personal loan??

Tressie Orvin