Dont know what to do: consolidate or settle?

Max, check out the previous thread you posted with a similar query. I am on there. Others will also join after reading your post.

Yes...I think I understand the two different approach right now. I have talked with Rescuedebt regarding consolidation and Superiordebt about settlement. it seems that consolidation will take long to get off debt but settlement is also risky because it can really damage one's credit. Superior debt calimed that their program is not debt settlement? They do said that they offer credit repair. What is this process? I am really concern that creditors will start calling me all the time.

Max-please have a look at this before you pay somone for credit repair at http://www.debtconsolidationcare.com/repair-credit.html

You need to be carefull,there are some companies that offer to get things off your credit report and all sorts of bogus things. Good Luck!...Karen

You need to figure out the best option that will eliminate your existing debts. Settlement sounds to be risky but you are safe when you have the right company taking care of your accounts. Most of the settlement companies make you aware of the possible consequences in the beginning. You should also know whether this company has any past experiences on working with your creditors. You will like to go ahead if they have given out positive results to other consumers with the creditors you are dealing with.

Bossy - The credit repair is actually included in the fee that i will have to pay for their service. They are charging 15%.

Incredible - The company with the debt settlement program is Superior debt relief and is referred to me by the forum when I sign up.

It doesn't harm you taking a free quote, right?? You will get some directions.. And Superior debt relief has good feedbacks. Read some feedbacks.

http://www.debtconsolidationcare.com/forums/about11292.html