Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is the debt management program like filing for bankruptcy?

April 26, 2017Bankruptcy debt management filing program

0

Posted

Is the debt management program like filing for bankruptcy?

1 Answer

0

Posted

No, our debt management programs have helped people AVOID Bankruptcy. And unlike bankruptcy, the program will help you pay off your debt in full and get your finances under control. Bankruptcy should be your last stop, not your first. It can stay on your credit record for up to ten years, and could make it more difficult to obtain credit in the future, whereas debt management can help find solutions to your debt problems and eventually eliminate debt.