lothario
Apprentice
Joined: 05 Jun 2005
Posts: 3
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 Posted: 04/20/08 - 09:52 Post subject: |
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| I have had a business until recently. Unfortunately, it has gone very badly and I had to declare bankruptcy. I now have very poor credit rating, I also had some bad credits, and it all amounts to one question. What kind of financing options do I have at all? If anyone could help me with some information, that would be great. Thanks in advance. |
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kale
Apprentice
Joined: 13 Jul 2005
Posts: 11
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| Posted: 05/19/08 - 22:46 Post subject: |
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| When businesses go wrong, it is always very difficult situation. You obviously did not have luck to make it all work out. Unfortunately, there are not many options left for you. First of all, when it comes to bankruptcy and your credit rating, you can possibly start thinking about some cheaper credits. They are not too good, but they are certainly better than the ones most people have. Also, if you still have some money left, it could be a very good thing with certain lenders that do agree to approve you a loan. The more money you have, the better. When it comes to your previous poor credits, you can restructure it with your bank, take another credit to cover that one, and then pay monthly for it. It is only a temporary solution, but currently your only long-term solution is to find some nice paid job (or two less-paid jobs). Best of luck. |
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