overwhelmed with unsecured deby ,what are options
2006-09-15 12:27:15 · 5 answers · asked by David M 2 in Business & Finance ➔ Personal Finance
Bankruptcy or a debt solution company.
The ones(debt solution) that charge you are not the best, but keep in mind the ones that don't charge you are supported by the banks, credit card companies, etc. So who do you really think they are looking out for? In the end though it is cheaper for them to support Consumer Credit Counseling services than lose everything. So I do think the ones that don't charge you are still better, than the ones that do.
the ones that don't charge you (but are supported by the financial institutions) because of their relationship with said financial institutions are more reliable and trustworthy and are more likely to be able to have the companies go for their financial plan they set up for you.
Also be aware the Debt solution does go on your credit report, and can (probably will) hurt your credit score, though arguably less than bankruptcy will.
Good luck!
http://www.moneymanagement.org/FinancialFreedom/cccs.asp?RCTAG=CCCS&src=MMIPD_overture&CMP=KNC-OVR&ovmkt=5OPRGVU0L32LUU9HG2IM6H3SLO
2006-09-16 05:39:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are debt management companies out there. YOU can find them yourself by doing a search on Google. Good luck.
2006-09-15 12:30:41 · answer #2 · answered by Marvinator 7 · 0⤊ 0⤋
Bankruptcy.
2006-09-15 12:29:46 · answer #3 · answered by Anonymous · 0⤊ 0⤋
there are two general flavors of debt management companies
the ones that charge you are NOT worth using, ones that don't charge are usually on your side
2006-09-15 13:07:39 · answer #4 · answered by larry n 4 · 0⤊ 0⤋
Quit spending so much.
2006-09-15 12:51:35 · answer #5 · answered by Grandpa Shark 7 · 0⤊ 0⤋