Please help--debt settlement or bankruptcy??
Date: Fri, 08/01/2008 - 11:58
Would it be better or easier to just declare bankruptcy? I know a chapter 7 is pretty devastating to credit reports, but we could start rebuilding credit much faster.
Any suggestions are greatly appreciated.
5 years for 21k in debt !!! That is retarded. You won`t save har
5 years for 21k in debt !!! That is retarded. You won`t save hardly any money doing that long of a program with that small of debt by the time you factor in late fees , penalties ,and interest. Odds are you will get sued doing a 5 year program. Any settlement company willing to put you in a program longer than a 36 months with only 21k in debt is not looking out in your best interest. What was the names of this company ? I would bet money that the company that quoted you was named Credit Solutions.
You would lose that bet. I wish we could pay it off in 36 month
You would lose that bet. I wish we could pay it off in 36 months but we just can't afford the monthly payment it would take to do that.
Oops--I hit reply too soon! OVLG is who we are working with; of
Oops--I hit reply too soon! OVLG is who we are working with; of course, it's not their fault we can't afford the payment.