OK. I've heard people say that there is no reason to pay creditors if you are planning to file BK and I certainly understand that.
But I'm thinking about what will happen after filing. I know that some companies will blacklist you if you've included them in a BK. So does it make sense to try to pay off some of your creditors before you file so you can have a better chance of getting credit with them in the future?
Capital One, for instance, is one of my lower balances and one that I could probably pay off if I didn't pay my other CC's. When I had some credit issues years ago (late payments, no BK or anything), Capital One was pretty good to me. My first car loan came from them and was at 12%, which wasn't bad considering my credit score at the time.
I'm concerned that if I don't pay off some of my creditors, they'll all blacklist me and I won't be able to get any credit after a BK.
But I'm thinking about what will happen after filing. I know that some companies will blacklist you if you've included them in a BK. So does it make sense to try to pay off some of your creditors before you file so you can have a better chance of getting credit with them in the future?
Capital One, for instance, is one of my lower balances and one that I could probably pay off if I didn't pay my other CC's. When I had some credit issues years ago (late payments, no BK or anything), Capital One was pretty good to me. My first car loan came from them and was at 12%, which wasn't bad considering my credit score at the time.
I'm concerned that if I don't pay off some of my creditors, they'll all blacklist me and I won't be able to get any credit after a BK.
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