What is better Debt settlement or bankruptcy 13?

2 Answers

demitrireynolds | 12 months ago

It really depends on your situation. Bankruptcy is going to be much more of a blow to your credit, but there are a number of downsides to debt settlement as well. Here is a law article that discusses debt settlement: http://www.harmonlegal.net/articles/possible-disadvantages-of-debt-settlement.aspx Bankruptcy gets rid of almost all debt at once, where debt settlement can be an incredibly slow process.

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orson10 | 1 year, 2 months ago

Both debt settlement and bankruptcy impact your credit score in a negative manner. Debt settlement has worked for some, but not for many. To determine which of these two options would suit you, you have to consult a debt management company like http://www.debtburst.com. They are debt experts and can suggest the best available option for you. Do read this interesting article to find a more detailed answer to your question: http://www.ehow.com/how_2002283_debt-bankruptcy-settlement.html

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