Getting my credit back
Date: Sun, 07/25/2010 - 16:09
I am trying to figure out what is best bankruptcy or consolidation.I am on fix income and it's social security-since I became disabled my bills have piled up on me. How can I get my credit straight.
Debt consolidation is obviously more preferable than bankruptcy.
Debt consolidation is obviously more preferable than bankruptcy. Bankruptcy should be avoided as far as possible. It hurts your credit, and lowers your score by more or less 00-250 points.
Debt consolidation, on the other hand does not hurt your credit a such. Though, there are various factors to be considered in debt consolidation too.
Can you give more details on your bills?
Depending on your income, bankruptcy may be the better option of
Depending on your income, bankruptcy may be the better option of the two. Both will damage your credit score but at least with bankruptcy it is over and done with. If you enter a debt management plan, you always risk being sued.
