Debt Settlement and Short Sale
Date: Sun, 11/21/2010 - 14:20
I am doing a shortsale on my house in CA. The amount I owe is $400K and the shortsale amount is $300K. Basically, my credit report will be hit HUGE by the shortsale. I have more than $100K in credit cards and past due on some of them. I am thinking of doing debt settlement and get out of the debt sooner. I don't think my credit will hurt anymore in debt settlement than the short sale. So my thinking is to get the credit rating hit at one time and become debt free.
Yes, since your credit score will be hit by the short sale, debt
Yes, since your credit score will be hit by the short sale, debt settlement will be best for you. First be debt free, then try and rebuild your credit. Best of luck.
In order to get a good and reliable debt settlement company, you can click on the following link: http://www.debtconsolidationcare.com/ranking-chart/.
