Bankruptcy or settle off on what reports on credit report?

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Originally Posted by Anonymous I have Variety of debts and dont know if i should pull up my credit and settle them off or file bankruptcy. I dont know what to do.

We can't also tell you since you haven't given us any information. You may decide your course of action based on facts like - your income, debt, expenses and saving.

Try budgeting; list all your income and expenses. Then see what you can afford towards repaying your debt. If it seems feasible, you may consider settling as it would cause lesser damage to your credit than BK.

But if the situation is unachievable, then bankruptcy can be your option.