How repay credit card debt fast

Usually, the settlement company tries to settle your debts to the amount which you can afford and arrange a monthly payment plan for you. That's why they usually make an analysis of your financial condition before proceeding further. So, I can say that it solely depends on your financial condition and debt amount that whether you should opt for debt settlement or filing for bankruptcy!

If you file Chapter 7 bankruptcy, it will take 3-4 months to discharge debts. If you file Chapter 13 bankruptcy, then it will take 3-5 years to pay off your debts. If you choose a debt settlement program, then it will take 2-3 years to repay your debts.

Both debt settlement and bankruptcy drop credit score. But bankruptcy hits your credit score more drastically.

It depends on the amount you want to settle. However, usually, the settlement company gives a monthly payment plan to the debtor.