Cardinalcyn

Thank God we finally are going to get the consumer debt relief we have all been looking for. A debtor can look ahead to saving themselves around 50% of what the debt was originally. And look to have themselves become free of the shackles of debt within a matter of two to three years for others much sooner. Which makes credit card debt settlement a much more attractive offer than bankruptcy.

I think the vast majority by far of Americans do not know how much debt settlement can help them out. There is also the negative effect of it being on your FICO report for a long time. When you sign any important application or document you by law have to say yes when inquired about your previous bankruptcy, so this does have a long lasting effect on your credit.

Up until late 2004 bankruptcy was to be used for consumers who were having serious financial problems. Unfortunately it was mistreated by thousands of Americans who were trying to avoid paying their debts. Can a bankruptcy be any where near as bad as debt settlement I need to know which is a worse situation because I can not afford to do something that will hurt me financially.

You would have to locate an attorney, go to court and that would cost you a substantial amount of money. There is also the matter of it being on your FICO debt settlement history for a long time. When you sign any important application or document you by law have to say yes when inquired about your previous bankruptcy, so this does have a very negative long lasting effect on your credit.

My boss did debt settlement and now he’s out of debt. There is also the issue of it being on your FICO report for a long time. When you filling out any important application or document you by law have to answer yes when inquired about your previous bankruptcy, so this does have a very negative long lasting effect on your ability to obtain future credit.