How does a Debt Management Plan differ from declaring bankruptcy?
Debt Management is a voluntary process to help people in debt regain control of their finances, regardless of whether they have good credit or bad credit. The Debt Management Plan provided by Success Debt Relief is a viable option to trying to declare bankruptcy. Our affiliate relationships will bundle tens of thousands of accounts to the same creditor together and get interest rates lowered. In contrast, when you file for Chapter 13 bankruptcy, it becomes public record. Such a step has serious and long-term effects, which may negatively hurt your credit for decades and may make it difficult for you to obtain credit in the future or obtain certain types of employment.
