In this episode of the Get Out of Debt Guy podcast, Steve Rhode and Damon Day tackle some common misconceptions about bankruptcy. They discuss a listener’s concerns regarding life after filing for bankruptcy, especially the challenges of rebuilding credit and accessing necessary resources like a car or a credit card. Damon shares his own experiences with bankruptcy, emphasizing that while it’s not an easy decision, it can provide a fresh start and isn’t as daunting as many people think.
Steve and Damon also explain the importance of considering all options when facing financial difficulties, highlighting that bankruptcy is just one of several paths available. They debunk myths about bankruptcy being a financial death sentence and discuss practical steps for rebuilding credit post-bankruptcy. Their goal is to educate listeners about the realities of debt management and to encourage informed decisions that best suit individual circumstances.
Chapters:
00:00 – Welcome Back to Get Out of Debt
01:03 – Understanding Bankruptcy Misconceptions
07:03 – The Personal Journey of Bankruptcy
10:54 – Rebuilding Credit Post-Bankruptcy
15:03 – Navigating Car Purchases After Bankruptcy
20:45 – The Importance of Rebuilding Credit
26:42 – Exploring Debt Settlement Options
30:42 – Making Informed Financial Decisions
Coach CarlCarl Lawrence AKA Coach Carl Private Investigator Extraordinaire has been in the transportation industry for over 20 years. I was driving cab in New York City before Uber was ever a thought.
As technology changes, we all have to change with all the new innovations that are occurring every day. So with technology, it is time to bring all Cab/Rideshare drivers under one roof. With numbers there is power. So let's drive into the future together...
Coach Carl
