How much debt would it take for you personally make the decision to file bankruptcy?

Posted December 17, 2009 – 9:03 am in: Personal Finance

I know bankruptcy should be a last resort but some people have different personal limits. I would like to know your personal answer. What’s the least amount of debt it would take for you to make the decision to file bankruptcy? And what is your annual income if you don’t mind?

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How much debt is too much when you want to apply for a home loan?

Posted November 21, 2009 – 4:15 am in: Personal Finance

I would like to apply for a home loan, but I have some credit card debt. I have good credit – never missed a payment, never been late, etc. I just don’t know if having credit card debt will cause me to be declined.

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How much debt can I incur on my card without getting my lines of credit lowered?

Posted November 13, 2009 – 11:13 am in: Personal Finance

I have no credit card debt and an an excellent credit report. I am going to do a small remodel on my rental property and plan to use my Home Depot card with no interest no payment for 12 months. I plan to use a few other cards as well. I thought that 30% is [...]

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