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bankruptcy or settlement?

Date: Sat, 03/27/2010 - 11:39

Submitted by anonymous
on Sat, 03/27/2010 - 11:39

Posts: 202330 Credits: [Donate]

Total Replies: 6


how did you decide? I have the money to settlement my credit card at 35% but chase want 50%. about to charge off! card just in my name (no recourse state) so what if I give my husband the money (we have separate account) and I file bk myself?


If you are considering bankruptcy, you really should look for other alternatives out there before you go the BK route. While the attorneys will probably tell you it???s an easy, cheap process and you???ll get Chapter 7 approved, the reality is that it???s very expensive, requires lots of upfront money, and it???s now extremely hard to get Chapter 7 from the courts. Instead, you???ll probably end up in Chapter 13 which can cost you a lot more money than expected, and you have all of the negative effects of the BK on your credit report for up to 10 years! There are alternatives that can help keep you out of bankruptcy, but you must qualify first, the programs are not for everyone. You can try calling a company like Consumer Debt Advisors DELETED. who can explain to you these other alternatives and help determine if you qualify and what program is best for you. They???ll give you a free consultation if you call and will let you know if Bankruptcy is the best option you have. Try them out at 877-548-5403 or online at DELETED. it???s worth a shot before ruining your credit for that long and having to deal with the lengthy court process??????..


lrhall41

Submitted by on Mon, 04/05/2010 - 12:39

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Chase is not difficult to negotiate with if you have the right company working with you, chase will settle any where from 23-34 cents depending on the total debt load your carrying with chase. If you try to settle them yourself with chase, you wont get the same results, for obvious reasons.


lrhall41

Submitted by NicholeB on Mon, 04/05/2010 - 13:38

( Posts: 11 | Credits: )