COMPREHENSIVE TRANSCRIPT show #87 with Ted Michalos
ItвЂ™s the very last show associated with thirty days, and itвЂ™s time for our frequently asked questions show here on Debt Free in 30 as we do at the end of most months. Of many frequently asked questions shows weвЂ™ve got a summary of five or 10 concerns. The list is much shorter today. WeвЂ™ll probably just arrive at two concerns however they are two questions that are important.
exactly What would take place you just stopped paying it if you owned money on a credit card or bank loan and?
In many cases in the event that you are deep with debt, a customer proposition or even a bankruptcy could be the necessary solution, but exactly what would happen in the event that you simply stopped spending? You didnвЂ™t file a consumer or bankruptcy proposition, you simply stopped spending.
ThatвЂ™s todayвЂ™s first concern so to answer it IвЂ™m accompanied by my Hoyes Michalos partner and co-founder Ted Michalos. Therefore, Ted could I stop paying just? Exactly exactly just What would take place if i simply strolled far from my debts? WhatвЂ™s the procedure?
Ted Michalos: Well, letвЂ™s break this down and speak about different sorts of financial obligation. Therefore, one of several plain things you talked about ended up being charge cards. ThatвЂ™s a pretty common issue for individuals to have, therefore are you able to walk from your credit debt? Continue reading