How does debt settlement compare to bankruptcy?
Bankruptcy is a legal process that is meant to be the last resort for people in severe financial distress. It has a devastating effect on your credit rating that lasts up to ten years, and you will have to answer questions about it for the rest of your life. It is also has extremely negative repercussions emotionally, socially and financially. Debt settlement is a bankruptcy prevention program and will provide you with financial freedom without the long-term effects that come with a bankruptcy.
