Friday, May 20, 2011

Debt Settlement is better than Bankruptcy

Credit Debt Settlement Is Better Than Bankruptcy For Settlement Of Debt?  Millions of Americans are facing a mountain of debt and unsure about how to pay for it.  What are the options of getting out of debt when you have your back against the wall?  You can consider credit settlement, debt management, debt settlement program or debt consolidation.  Bankruptcy should be your last of the debt solutions you should choose when trying to get rid of or manage your debt.  Remember that a bankruptcy can have a negative effect on your credit for up to 10 years.  A credit debt settlement program will have no negative effect on your credit.  A credit debt settlement program is not reported to the credit bureaus.  The the credit companies it just looks like you paid off your delinquent debt.
Is Credit Settlement A Scam?
Credit Settlement is not a scam.  However you do need to check out the company carefully.  Before signing up for a credit card settlement program check with the better business bureau.  You may even want to google the company name and see if anyone has blogged or written anything negative about the company.
Before signing up for any credit debt settlement program you should consult with your professional adviser.  This information is of general interest only and should not be relied on.

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