Which is better option- Credit Counseling or Debt Settlement for $34,000 U.S. of Credit Card Debt?
Which is better option- Credit Counseling or Debt Settlement for $34,000 U.S. of Credit Card Debt?
I know someone who has approximately $34,000 U.S. of credit card debt.
This person is considering Credit Counseling or Debt Settlement, in
order to get out of this amount of debt. What are the
advantages/disadvantages of both Credit Counseling or Debt Settlement?
Given this aforementioned financial situation, what would be the best
strategy to handle this debt? Any kind, sincere, and honest (but NOT
critical) advice regarding this subject will be greatly appreciated.
-Sorry, critical advice is what you'll get from me.
Why is the "solution" so often to try and get out of paying the
debt, or two haggle and reduce the legitimate debt, rather than
to buckle down, get a second or third job for a few years, and