2007-03-28 12:32:57 · 8 answers · asked by msfixit 2 in Business & Finance ➔ Personal Finance
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2007-03-28 13:12:17 · answer #1 · answered by ♥ariel♥ish♥ness♥ 3 · 0⤊ 0⤋
Bankruptcy you are free & clear of your debt. However you have nothing in the end. Also takes a long time to rebuild credibility.
Debt Consolidation: Shows you understand that you have an issue with finances & are willing to help yourself out. Consolidation gives creditors a little comfort knowing you intend to pay your bills.
Consolidation is the honest way.
2007-03-28 12:41:12 · answer #2 · answered by freshex2001 2 · 0⤊ 0⤋
I suggest giving debt consolidation a try before considering bankruptcy. Debt consolidation is not as damaging as bankruptcy.
2007-03-28 14:51:04 · answer #3 · answered by Laughing 4 · 0⤊ 0⤋
At LOANHUNTER.cyber web- you'll locate the excellent economic thoughts RE Debt Consolidation vs. financial disaster? I truthfully have heard that debt consolidation is an similar as asserting financial disaster. How actual is this? if so interior the destiny wll I have the capacity to get credit after being in a debt consolidation application?
2016-10-17 21:52:06 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Bankruptcy should be your very last resort. If you can possibly get debt consolidation, then go that route. I can recommend two websites where you can get more information about this topic. I hope this helps.
Good luck!
2007-03-30 03:23:26 · answer #5 · answered by Anonymous · 0⤊ 0⤋
debt consolidation ...dont opt for bankruptcy
2007-03-29 00:47:58 · answer #6 · answered by mey t 2 · 0⤊ 0⤋
Do not file for bankrupcty. The laws are changing for this, making you pay back the money you owe anyway.
2007-03-30 09:27:25 · answer #7 · answered by kmf77 3 · 0⤊ 0⤋
both are different
2007-03-28 16:15:01 · answer #8 · answered by sampath k 1 · 0⤊ 0⤋