Bad debtin collections

[John Kim]

Hello 👋

I am just getting into real estate investing, more in the research and studying phase. But my question is related to personal finance and how it might effect real estate financing.

I have about 17k cc debt that I have been paid because I was laid off last match. I recently got a new job and making money now. During the last few months I've been studying debt and credit and learned there is a way to delete these debts if I choose not to pay the collections account and also not resetting the statute of limitations.

I have a personal Llc and also have a joined Llc with couple friends. We are in the process of landing a business contract that will bring in about 200k and we want to invest that into real estate.

In this case, will my personal credit potentially effect the real estate investment with the join Llc?

I apologize if I didn't explain it clearly

[Wayne Brooks]

Anyone can Not pay their debts....it Will trash your credit, they can get judgments, and They can keep the statute of limitations at bay....I suspect you are reading hocus picks garbage....which even if true, your credit is trashed.....and yes, it will blow any chance of you getting credit, and your LLC getting a loan will depend on your Personal credit.