Losing house, is it better to settle cc debt before or after
Date: Thu, 09/11/2008 - 09:00
I don't think the foreclosure would really affect settling the c
I don't think the foreclosure would really affect settling the credit cards. I also don't think the CC's will take any settlements if you are current on them. I don't normally advocate bankruptcy but if I took a 300k hit on a house I certainly would consider it. If you bankrupt the 300k then you might as well lump all your other debt in there including the CC's. Another option is try to get the bank to forgive the 300k to get it out of your name and pay down the CC's or default and settle the CC's.