And I guess, well, the prime other solution if you have
a whole bunch of debts, and again we've already said it, the person who is our client who has a payday loan has in total around $ 34,000 of unsecured debt of which around $ 3,000 is payday loans.
I normally like to avoid companies with
a whole bunch of debt on the balance sheet.
Are they about to let
a whole bunch of debt - beat retirees put their balance sheets at risk?
I have
a whole bunch of debt from my BFA, but I don't regret it at all.
In fact, I had
a whole bunch of debt.
Not exact matches
In the second example, a
whole bunch of your business is run off
of a loan and 50 %
of your company is
debt, which means, basically, that if the company does poorly, it'll do poorly much faster (because it has to pay interest every month, etc.).
So, the most common solution by far if someone is a homeowner but also has a
whole bunch of other
debt, is a consumer proposal.
What we do is we take all
of the data from all
of our clients over the last couple
of years, because if you file a bankruptcy or consumer proposal with Hoyes Michalos, obviously it's a legal process, we're required to gather a
bunch of data, obviously your name and address but a
whole bunch of detail on your
debts, your assets, your income that sort
of thing.
While many
of us use credit cards for genuine reasons, some people exploit loopholes in the rewards system to get stuff for free or very cheaply, accumulating a
whole bunch of credit cards along the way, and sometimes — when they're not so lucky — get into debilitating
debt.