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I am considering filing for Chapter 7 bankruptcy. I have over $42,000 in credit card debt and I don't have any assets that exceed the allowed exemptions. Would debt settlement be a viable option instead of filing for bankruptcy? I have heard that debt settlement does not always work. Should I even consider debt settlement? How many points will my credit score go down? I have heard anywhere from 80-300 points. I would just like to know so that I know what to expect if I do file Chapter 7...Thanks to all for any answers.

What are the benefits in debt settlement programmes

Why in debt Consolidation credit score come down.

what companies do they represent

I am working with a debt settlement company and got a summons from a collector LNVV Funding, using Messerli & Kramer P.A. I contacted the debt settlement program and they got a deal in writing that they would settle. It saved about $500. I sent the check, they cashed it the day after the court date. I called and left a message the day I sent it, so they would expect it. It was sent out about three weeks before the hearing. The letter they sent said I did not have to go to court and no judgement would be made.

Indiana/ Made the mistake of a bad debt settlement company{Credit Solutions}went to court myself and trying to deal with the collectors myself.They wanted things I could not do like pay 6,000 down to get 300 dollar a month payments,then after a few months when the judge said for us to work it out before the garnishment, they wanted 11,500 over 2 months.I have been garnished for 6 months now and it is taking a toll on my wife and 2 children.I downloaded a hardship package and went to the court and the clerk would not let me appeal it.I only have about 50 dollars to spare a month after bills.Why

I am doing a loan modification but also wanted to do debt settlement too. I don't want to blow my loan modification by asking them if it is ok. Can any one say for sure one way or the other or if you have experience in this area. Can I do both or just one.

Can a debt collection agency go into your credit report to see what you have so they can make a judgement to come after you?

A medical debt of $6,000 that did not belong to me showed up on my credit report. I disputed it, and it was "verified." I fired off a DV, and disputed it again with the credit bureaus. I checked my report today, and the account is still there, but under status it shows "NO STATUS," and it shows N/A for all of the amounts. The $6,000 is not there anymore. What exactly does that mean? If the account had been successfully disputed, shouldn't it be off altogether?

Hello, I have payed off all but one of my payday loans and it is with a company named ACHLoan.com, It is an internet lender. The total for the loan was 200. and I have payed in a wopping 518.00 and they have contenued to roll over the debt and charged me intrest for the loan. Can they do this? How can I stop it? I dont have the 274.00 to pay the total all at once and thats the only option they give me, either continue to pay the 74.00 or pay the 270.00. Is this leagle in my state of Mississippi?