I have just gotten into contact with my local club and will hopefully make this months meeting because they are going through a restructure.

Well I wish you would have posted here BEFORE closing them out.Length of credit history in good standing DOES affect your credit scores.If you have other credit that has a long history it shouldn't affect you that much.If however closing the 3 credit cards with 7 years of history you know only have a few credit lines with only 1 year or 2 of being open that is not great.In the end it shouldn't hurt you too much.When they made the new credit card rules last year or was it the year before credit card companies raised interest rates and annual fees from no fees.So what happened is the great credit people lost benefits because Obama wanted people with bad credit to not be taken advantage of.The credit companies simply restructured to make the same money.So A law passed that had good intentions but was misguided.The government believes when they pass a law people or companies will just take the loss but it never happens.So in the end these laws are just spinning wheels and not doing anything.I know many people who have closed their accounts once interest rates go up or annual fees are imposed.The downside is people want to maintain credit but some credit companies have been closing accounts if you don't use enough and they make a certain amount of interest off of you.It is getting rediculuos.

@Mark i really appreciate your naivety and lack of pure investment soundness :p @Chris we have some neighborhood organizations but i think theyve been exhausted and havent really done much for years- they need to be restructured, revamped..We a huge church community, a large beautiful motherhouse for the sisters of josphine of carondelet- here is a link to their site.

If so, I highly, highly recommend that you look into finding a new tax professional who should be able to help you restructure your business in a way that can save you a lot of money.And personally, if I had a good tax professional assure me that my business had no way around paying more than 50% effective tax rate, I'd likely close the business and start a different one.

It could also be a restructure of debt.

We have started what we hope to be a successful journey towards our financial restructuring.

You know, I've always wandered when this would happen....and why banks or even listing agents were accepting a loan committment from a non-regulated lender.Sorry to hear your deal fell apart.That will really put the funding brokers holding themselves out as lenders in a bind until they figure out how to restructure and when they do, they better keep in mind SEC regs.

Armed with these violations, you can then approach the bank not with your hands out begging for a loan mod, but with the threat of a lawsuit and demand that your loan be restructured, often times, receiveing funds back that you were overcharged, either in interest, or in fees, sometimes both.Very few attorneys now this real process and many claim to provide the service, but all they use is some computer software to examine the loan documents.

Jon, He had one of those crazy loans early on, then the lender restructured his loan (80/20)(30yr/15yr)(8%/12%).

Don't quit, just restructure your time.