consolidate or file bankruptcy
Date: Sun, 07/10/2011 - 16:31
I am only 22 years of age but am about 7000 in credit card debt/cellphone bill. I would like to find out which would be better for me as far as filing bankruptcy or trying to consolidate the debt... and which would, so to speak, be better for my credit as far as getting it back to the almost 800 credit score i had before all of this. I know it is not a bad amount of debt but i am currently unemployed and am aiming for a job that pays at least 1000 a month.. if consolidating the debt will increase my chances in being able to get loans/credit cards. etc to help rebuild my credit (using the knowledge and not messing up like i had the first time) then i would like to do that, but if bankruptcy is more of the way to go then so be it.. i would like some opinions if possible and also advice on the consolidating if thats the way to go.
i am not sure if consolidation is available after it has already
i am not sure if consolidation is available after it has already been settled but about 3 of the 6 bills have been settled... not sure how that plays out with the credit score. but i wanted to add that in also
$7000 is really not enough to file bankrutcy on. Find a second
$7000 is really not enough to file bankrutcy on. Find a second job, live on a budget and get it paid off. You didnt get into debt overnight, dont expect to get out of it quickly.....it will take a lot of hard work and sacrafice.
