might be a little of topic, but with the all the doom and gloom of the economy (of which i feel is for real) how hard do you think it will be for people to maintain there credit and homes.i guess what im saying is will alot of people trying to repair there credit, hang on to it and stay afloat or will all be in vain any way.
Yes, and they will suffer greatly for it later but with the economy what it is today most of them have little or no other choice. Chrysler and GM downsizing and closing dealerships isn't going to help any either. Cities such as Flint Michigan and more whose economy has been built around their manufacturing plants are in sad shape indeed. Smaller towns that surround such cities are just about ghost towns now. People moving out and boarding up the houses, city governments cutting back heavily on services and eliminating some entirely. Newspapers shutting down. Stores closing forever. Many economists and stock market predictors are saying we are only about 1/3 of the way down the road to recovery if even that much. Problem is that if government don't start revamping it's monetary policies quickly we could easily lose any progress we might have made and head downhill instead. People are heading for the bankruptcy courts in ever increasing numbers and the sad part of it is that in most cases bankruptcy is the worst choice they could possibly make. Far better to stand and fight than it is to run. I'd never even think of filing BK under any circumstances.
