COMPLETE TRANSCRIPT show #87 with Ted Michalos
ItвЂ™s the very last show associated with thirty days, and once we do by the end of many months it is time for the frequently asked concerns reveal right here on Debt Free in 30. Of all frequently asked questions shows weвЂ™ve got a summary of five or 10 concerns. The list is much shorter today. WeвЂ™ll probably just arrive at two questions but they are two crucial concerns.
just exactly What would take place you just stopped paying it if you owned money on a credit card or bank loan and?
Oftentimes in the event that you just stopped paying if you are deep in debt, a consumer proposal or a bankruptcy is the necessary solution, but what would happen? You didnвЂ™t file a consumer or bankruptcy proposal, you simply stopped spending.
ThatвЂ™s todayвЂ™s very first concern therefore to answer it IвЂ™m accompanied by my Hoyes Michalos partner and co-founder Ted Michalos. Therefore, Ted may I just stop having to pay? Exactly exactly What would take place if i simply stepped far from my debts? WhatвЂ™s the procedure?
Ted Michalos: Well, letвЂ™s break this down and explore various kinds of debt.