Reminder: Answers to your credit questions start Monday

Thank you for your credit questions.

On Monday, personal finance experts from the Consumer Credit Counseling Service of Greater Atlanta will begin answering the questions you submitted.

They will answer about three questions a day on this blog. The answers will run each morning for about a week.

Thanks again.

2 comments Add your comment

Jeff

July 24th, 2009
8:45 am

I am 64, on kidney dialysis, aabout to lose my job and have to go on SS disability because I can’t physically put in a full day’s work. I have a commercial mortgage on a piece of property that I am going to have to let go into foreclosure. I know this will kill my credit scores, but I have no choice. My question – if I don’t plan to buy another house, or another car, before I die, why do I care about my credit score?

The Dogfighter Returns

July 25th, 2009
9:27 am

Jeff Your credit doesn’t matter if you pay cash for everything. The foreclosure will not have a huge impact on your credit as you would think becasue there is an asset to satisfy the loan you defaulted on.

If you can get the bank to agree to a short sale you could avoid having a foreclosure on your credit report.

You have bigger problems such as your health to be concerned about.

Find a good lawyer and sue your employer for not accomodating a disabled person. You are disabled as a result of your kidney. You will be guranteed a victory. Do not quit your job let them fire a disabled person. You will walk all the way to the bank.