rajshukla
Joined: 03 Jan 2012
Posts: 160
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 Posted: Tue Jan 03, 2012 12:32 pm Post subject: hi |
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Spending on luxury goods or personal wants is not really a bad thing--especially if you have the money to pay for it. This is true even if the lifestyle seems lavish. But what if you constantly find yourself running out of money when you need it most or making a purchase using a credit card mostly? After a bankruptcy filing, rebuilding credit is certainly possible. The process can be compared to gaining a spouse's trust again after they have been unfaithful, it takes time to build confidence in the relationship again. So too does it take time for creditors to build confidence in the debtor who had violated their promises to pay.
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