| Debt Settlement Is A Better Option Than Bankruptcy |
|
|
|
|
|
rickbarns
New Member
Cash: $ 1.35
Posts: 6
Joined: 27 Apr 2010
Location: Arizona
|
| Debt Settlement Is A Better Option Than Bankruptcy |
 |
|
A bankruptcy can leave a mark on your credit history
Chapter 7 can result in your property being sold
A bankruptcy can stay on your official court records for more than 20 years — sometimes for the rest of your life —
Not getting into debt in the first place is always the best option, but what about those who are not so fortunate.
Unlike a bankruptcy, a debt settlement program will NOT show up on your credit report. Although any of your debts that are settled for less than the full amount will typically be noted as “settled” rather than “paid” on your credit report
anyone have any thoughts on these two options?
-RickBarns
|
Tue Apr 27, 2010 6:54 pm |
|
|
rickbarns
New Member
Cash: $ 1.35
Posts: 6
Joined: 27 Apr 2010
Location: Arizona
|
| Re: try this youll like it |
|
|
I have been looking at this one.
http://www.thinkdebtrelief.com/
-RickBarns
|
|
Thu Apr 29, 2010 5:07 pm |
|
|
Adria.John
Preferred Member
Cash: $ 32.60
Posts: 162
Joined: 20 Apr 2010
Location: UK
|
| Re: Debt Settlement Is A Better Option Than Bankruptcy |
|
|
quote:
Originally posted by rickbarns
A bankruptcy can leave a mark on your credit history
Chapter 7 can result in your property being sold
A bankruptcy can stay on your official court records for more than 20 years — sometimes for the rest of your life —
Not getting into debt in the first place is always the best option, but what about those who are not so fortunate.
Unlike a bankruptcy, a debt settlement program will NOT show up on your credit report. Although any of your debts that are settled for less than the full amount will typically be noted as “settled” rather than “paid” on your credit report
anyone have any thoughts on these two options?
I agree with you. Bankruptcy leaves a permanent mark on your credit score and also give many restrictions in terms of employment too. Therefore debt settlement is also a better option than this. I like your post and think that many people would also agree with it.
Loan Expert!
Loans Fast | Pay Day Loan | Fast Payday Loans
|
|
Fri Apr 30, 2010 1:52 pm |
|
|
Adria.John
Preferred Member
Cash: $ 32.60
Posts: 162
Joined: 20 Apr 2010
Location: UK
|
| Re: perhaps some levety to chear up those going bankrupt |
|
|
quote:
Originally posted by LottomagicZ4941
Why did Kirmet the frog go bankrupt?
Cuz he ran out of green.
Now thats funny  ....... I think he should also now go for debt settlement to get his credit score back. LOL
Loan Expert!
Loans Fast | Pay Day Loan | Fast Payday Loans
|
|
Thu May 06, 2010 6:35 am |
|
|
jason_simpson
Preferred Member
Cash: $ 28.45
Posts: 142
Joined: 20 Apr 2010
Location: London
|
Well Debt settlement is pretty complicated. Plus they are going to throw in a bunch of fees and hidden charges and things of that nature.
Depending on how much debt you have its probably going to be a big bill bigger than all of your bills combined even.
Bankruptcy is probably easier. You only have to pay once and after its all said it done your bad credit and debt is TOTALLY wiped away with no gimmicks.
But when filing bankruptcy MAKE SURE you have a great lawyer and if you have property make sure its protected. Once you file bankruptcy all the companies you know will try their hardest to get their money anyway they can. Whether it be trying to take your land or your valuables. If you have a good lawyer it won't be so scary.
Payday Advances | Pay Day | PaydayLoans
|
|
Mon May 10, 2010 4:13 pm |
|
|
debthelp
New Poster
Cash: $ 0.40
Posts: 2
Joined: 30 Aug 2011
|
I also agree with the fact that it is important to know the pros and cons of using a debt settlement company versus filing for bankruptcy to help eliminate financial distress. Most people who have thought about filing for bankruptcy have also considered whether they should instead do a debt settlement program. Debt is a part of life, but too much debt can make life difficult to enjoy.
bankruptcy Miami
|
|
Tue Aug 30, 2011 5:59 pm |
|
|
tarako
Member
Cash: $ 2.40
Posts: 12
Joined: 19 Nov 2011
|
I don't have any knowledge of bankruptcy law in the US but I personally know of two people who have declared themselves bankrupt in the UK and they don't seem to have any lingering suffering because of it.
I think people fear it because of the negativity surrounding it. Lenders themselves are responsible for a lot of the fear as they know the reality - If the public all refused to pay back the money they borrowed the whole house of cards would come tumbling down.
I am not saying it is a decision that should be taken lightly but it should be seriously considered. You should look at it objectively as you should any economic choice.
|
|
Thu Nov 24, 2011 4:01 am |
|
|
payment proof
Senior Member
Cash: $ 196.85
Posts: 1013
Joined: 16 Jan 2011
|
I totally agree that a Debt Settlement is a better option than Bankruptcy. A bankruptcy can ruin your credit.
See Proof. You can make free money online.
|
|
Fri Nov 25, 2011 3:47 am |
|
|
|
