What Are My Debt Relief Options?
Though media coverage of debt relief programs tends to lump them all together, there’s actually a great difference between the competing debt relief solutions. The debt settlement plan is often compared, for example, to bankruptcy (though without the crippling effects upon credit reports and FICO scores), and to consumer credit counseling (even though settlement seeks to reduce total debt-load rather than just interest rates) and but much separates the superficially similar methods. Debt Settlement – Debt Settlement is the fastest and least expensive way to get out of debt. Often referred to as Debt Negotiation, Debt Settlement is a direct and ambitious approach to debt reduction and it is best suited for individuals that have considered filing for Bankruptcy protection…Debt Settlement continued. Bankruptcy – Bankruptcy should be considered only as a last resort. The effects of filing for Bankruptcy protection are long-lasting – up to 10 years in certain states. Recently the rules fo
