Many factors contribute to a person’s credit score and overall credit worthiness. People are faced with high Medical Bills, Repossessed Cars, Foreclosures, Apartment Lease Re- Letting fees and many others. Contributing factors are Un-Employment, Disabilities, Death in the family, Alcohol and Abuse problems, Etc. People have an option to ignore the bills as they stack up and face creditors being relentless and calling at all hours of the day. One can also choose a Debt Consolidation Loan at a fixed interest rate, which now ties them to yet another loan, they hope to not default on. Bankruptcy is choices that some use and as regulations tighten; it almost makes it impossible for people to file a chapter 7 and find them tied to a chapter ….
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