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.
-The interest rate of the debts vary anywhere from 7% to 29.99%.
Approximately $9,000 U.S. of the debt is at 29.99%, the remaining
anywhere from 7% to 19.99%. From what I understand, debt settlement
can reduce the overall principal of the debt s