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Which option is better to pay off debt

Submitted by Jacobs_hale on Fri, 02/23/2018 - 22:23
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I'm confused. I was reading that debt settlement is better than bankruptcy. But debt settlement takes a few years to pay off debts. Bankruptcy discharges debts only in a few months. Then why should I wait for a few years?


Both have pros and cons. But bankruptcy can be a good option in certain situations. You can protect your assets with state exemptions. Your credit utilization ratio drops. You can get debt free in 3-4 months. Plus you can stop the lawsuits too.


Submitted by ditchdebt on Sat, 02/24/2018 - 02:36

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