www.DebtReliefVideos.com This free video series focuses on credit card debt relief using Credit Counseling, Credit Consolidation, or Debt Settlement to achieve debt reduction, consolidate debt, and avoid bankruptcy. http helps people who are struggling to pay off credit card debt, medical...
http://cinemasnuevaera.com Is Debt Settlement a Better Choice Than Bankruptcy?
Debt consolidation can simply be from a number of unsecured loans into another unsecured loan, but more often it involves a secured loan against an asset that serves as collateral, most commonly a house. Debt Settlement - These type of debt relief ... Debt Consolidation, Credit Card Debt Relief and How to Get Started
There are many courses of action you can take when your debt is taking over your income, and some measures are more desperate than others. A clear understanding of your options will help you make the choice that is best for you.
When your debt has grown to the point where you doubt you can handle it anymore the bankruptcy becomes an option. But how real of an option bankruptcy becomes is completely up to you. The process for bankruptcy is long and expensive, and when it is over it can leave your credit rating destroyed and your chances of getting major financing in the future very slim. You need to be certain that your only option is bankruptcy before you take on that responsibility, and one of the ways to make sure that your only option is bankruptcy is to speak to a debt consolidation company.
It may be that your multiple credit accounts with their high monthly interest payments and their equally as high service charges, are what is driving you to the edge of financial disaster.
If that is the case, then a debt consolidation organization may be just what you need and a debt expert may be able to offer you the solutions to your problems without destroying your credit.A professional can get your high interest rate credit accounts all under one low interest rate loan, and they can replace all of your high service charges with one low monthly service charge. They can help you free up extra cash each month, and they can help you to rebuild your credit rating as well. Before you even think about starting the bankruptcy process, you will want to seek specialized advice first and see if they can help you turn your financial situation completely around.
Related What is Better, Bankruptcy Or a Debt Consolidation Program? TopicsQuestion by Rich R: What is better,bankruptcy, debt consolidation or debt settlement? Best answer for What is better,bankruptcy, debt consolidation or debt settlement?:
Answer by jobenaviphoto
debt consolidation if you have a steady job they can help you , dont file for bankruptcy unless like your terminally ill
Answer by angel_love_daydream
Bankruptcy and Settlements both show up on your credit report for a good seven years and though settlements dont look as bad as a bankruptcy, they certainly don't look good. A debt consolidation loan is nothing more then another loan, hopefully with a lower interest rate that pays off all of the current bills and gives you one new one. It will not only show all old bills as being payed in full (which is what you want them to show) but it also helps you rebuild your credit as long as you make the payments on time every month. Take it from a former collector.
Answer by Steve B
debt settlement (IVA) is your best bet = this means getting your (unsecured) creditors to stop charging penalties and interest and accept partial payment 'debt consolidation' is not a good idea = it means getting a new loan (secured against you house) to pay off your other loans .. this means you could loose your house Bankruptcy means your creditors get a whatever assets you have .. which may be almost nothing. Go to Citizens Advise ASAP.
Answer by Andrea S
Debt consolidation programs give you a loan to help you manage your way out of debt by allowing you to pay off your earlier creditors. Debt settlement, on the other hand, is your rescue ship if you are drifting toward bankruptcy. The bankruptcy tag accompanies you for a very long time--almost seven to ten years after your filing for it. This takes away your financial freedom and books you as unreliable in the eyes of creditors.
Answer by Eds
Debt Consolidation is better. Before deciding to go for credit card debt consolidation, first find out if it is right for you. Start by totaling all the balances on credit cards and store cards and the APR charged on these balances. Be sure to include any other fees and charges applicable to the balance and even those levied if the balance is nil. This will let you get an overview of all your debts on one sheet, to let you compare them at a glance. This information will give you a picture of the cost of each debt in terms of interests and charges and will help you in comparing it against the consolidation loan quotes that you will have to get later on to continue the comparison process further. Asking Loan Quotes From Various Lenders Begin with ...
Answer by Jennifer
Hi, I used "Credit Solution" to settle my debt and improve my credit score.They managed to reduce my debt up to 58%.It's legitimate. I came across this company on NBC News Special Edition.Check it out here: http://simurl.com/lagjaz
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