What is the best of both evil Bankcrupcy or Foreclosure?
I have a total of 13,000.00 in credit card and and possibly a principal mortgage balance of 68,503.10 and Heloc of 46,663.82. Oh a big debt at the time of trying to make a small business grow of 18200.00
What would possibly work best for me here out of those two evil?
By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.