February 6th, 2008 by Questions
if you go thru creditor proof will it affect my beacon score or will they close my cards once i have them paid off…my income has now dropped to 14k per year
One Response to “creditor proof”
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February 07, 2008 at 9:40 am, Barton Goth GCO Bankruptcy Trustees said:
I am not sure what you mean by `going through creditor proof`. Creditor proof is a state not a process. It means you have insufficient income and assets for the creditors to be able to force repayment of debts.
However, it doesn`t clear the debts, the debts sit there and assuming you don`t make any payments on them your creditors will continue to report this to the credit bureau.