Game plan advice
Date: Thu, 10/09/2008 - 10:22
Quick facts about my situation. About 75k in credit card and personal loan debt. Total monthly min is about 1600. All accounts current but starting to become late. Best plan to get out of debt? Join a debt settlement? Don't make paymnts and save until maybe the credit company offers setlemen amount? Bankruptcy? Don't know what to do and I know it all will hurt my credit but which is less damaging? Will I ever get out?
Yes, you can come out of debt. 75,000 USD is a big amount to rep
Yes, you can come out of debt. 75,000 USD is a big amount to repay but every situation has its way-out.
In fact you're the best judge of your financial distress and you're the person who can tell which debt solution fits your bill.
In your case debt settlement looks a good option and can act as a good alternative to bankruptcy.
