debt settlement/debt management/bk
Date: Wed, 09/17/2008 - 14:46
I am not sure which way to go. I realize the negitive impact on credit from the bk, but I calleda debt management co and their interest rates were higher than what I already have and can't pay. I am not late yet on anything, but it is getting down to the wire and I have to pay my mortgage. Please anyone-advice?
If you can afford the payments a debt management plan do it firs
If you can afford the payments a debt management plan do it first. It will get you one payment with much lower aprs.
If you are over extended and your bills are already delinquent or about to be than you may want to consider a debt settlement program. It will get you one monthly payment about half of what your minimums were and will get you out of debt fast.
If you can`t even afford that kind of a payment than most likely Bankruptcy would be your best option.
