FAQ - 8
| Can bankruptcy be a solution?|
Bankruptcy should be your last choice if all the other ways are blocked. One consumer who is familiar with credit world will always try to by-pass bankruptcy as it hampers your financial freedom. It might make you free from your debt obligations, but restricts your movements within a certain territory and holds you back to receive more credit.
However, there are certain circumstances when people have no other option but declaring bankruptcy, hence putting their credit under severe wear and tear. Those who are going to file bankruptcy should remember that it will stay in their credit file for next 7 to 10 years.
Whereas Debt Consolidation improves your credit worthiness and broaden your ways to get more credit in future.
If you are not satisfied with the above explanation or you have more queries, please mail us, we will answer your queries as soon as we get your message.