When you know that you cannot meet your debt obligations, you should

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When you know that you cannot meet your debt obligations, you should

When you know that you cannot meet your debt obligations, you should

▸ declare bankruptcy as soon as possible.

▸ use alternative lenders such as payday lenders.

▸ contact your creditors directly to explain the situation.

▸ not contact your creditors because it will adversely affect your credit report.

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Personal Finance

Edition: 2^nd

Author: Bajtelsmit

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