Debt Settlement -any idea againt bankruptcy ?
Debt Settlement -any idea againt bankruptcy ?
Read the following articles about using a debt negotiation service versus
declaring bankruptcy.
For the debt relief service, usually, the initial consultation is free. Some
of the debt relief services can reduce your non-secured (credit card, etc.)
debt by as much as 40-60%.
On the other hand, avoid the credit counseling services. They have
non-profit status, but are sponsored by the credit card companies. It is
just a mechanism to get you to pay the credit card debt, plus a little
consulting fee to the counseling service. A double-whammy for the credit
card companies!
For a discussion of debt negotiation options versus bankruptcy, see the blog
at:
http://www.flipnet.net/blog/2004/09/options-to-reduce-your-debt-bankr...
or click on the "debt" link on the top menu of:
http://www.flipnet.net
If you find other good debt relief services, or want to make comments about
your experience with the one listed above, or if you find other good debt
reduction options, please post your ideas so that others can learn too, at:
http://www.flipnet.net/cgi-bin/members/class9990167532317.cgi?categor...