We have learned so much from our readers who are considering a strategic default. One thing we have learned is that the decision to strategically default involves so much more than not paying a certain debt.
It involves understanding the the consequences of the decision no to pay a debt, especially if there is money to pay the debt.
A strategic default is not measured in weeks or months. It is measured in years.
Not only do we want to preserve and protect our cash and investments by strategically defaulting, we certainly do not want a lender, creditor, or third party debt collector chasing us for the debt one or two years later.
The goal of strategically defaulting is protecting your cash and investments for as long as possible.
Well...Please start reading Debt Defense 101 to learn about all of the available news, tips, strategies, and defenses against and about the collection of deficiency debt. It's all about learning the basics.
THE BEST WAY TO DEFEND AGAINST THE COLLECTION OF DEBT IS TO PREPARE IMMEDIATELY AFTER YOU STOP PAYING THAT DEBT.
So please read Debt Defense 101 in conjunction with this this site, so you can learn the basics. So you can protect your financial future as long as possible.
Your comments and suggestions are always welcome.