With this said, I became quite well versed in the question of "is Bankruptcy or Debt Settlement right for me" because I was one of them. At one time my wife and I felt so overwhelmed with how to fix credit card debt that we began to fight amongst each other, each blaming the another for what we should have done with the money when we had it, etc. http://bankruptcyordebtsettlement.com
The reason I chose debt settlement over bankruptcy was because I still had saved money that I could afford to make these monthly payments to as well, it looked good that I was going to be gainfully employed within an affordable period of time.
Declaring bankruptcy was my first thought. I was ready to throw in the towel, but another friend referred me to these debt settlement companies that had recently been reviewed for fraud or scams. So I read the comments and feedback of a company that explained if debt settlement was right for me. http://debtsettlementalternatives.com. Settling my debt for about 45% of what I owed sounded pretty good to me considering that I could make one payment vs. 14 while knowing that within 24-48 months we could be debt free.
Overall, the American public on a whole is feeling greater than the average pinch on their wallet and for those that can't keep up any longer debt settlement should be the preferred method of dealing with your creditors. Once you file bankruptcy you have got to live with the fact that you're not going to have any credit for some say 7-10 years, but your average credit repair company can usually get your scores up enough so that you can start getting store cards, etc. You are able to get a debit card.
For my friend who had asked me if Bankruptcy or Debt Settlement was right for him, it seemed obvious that bankruptcy was his only option left. He was unemployed, the credit card bills were piling up in his new favorite color red of course. The only calls he said he was getting was from bill collectors. His head was wrecked and he didn't have enough to catch up in any reasonable amount of time.
"Why should I choose bankruptcy over debt settlement,"
Which is right for you; Bankruptcy Or Debt Settlement? Filing for Chapter 7, 13 Bankruptcy has its advantages and disadvantages. Enrolling in a debt settlement program that is attorney based will solve your debt problems once and for all. http://clear-
# # #
Rich Preisig writes anything SEO related, so that small and medium size companies can find their Site on the first page on Google. "If you're not on page one on Google, you have less than an 8% chance of being found on page 2," states Rich Preisig.