Debt Vs Bankruptcy

Decent Essays
Are you struggling with the choice between bankruptcy or debt settlement? When many people find themselves if in a tough financial position, they instinctively want to avoid filing for bankruptcy at all costs. Therefore, they seek out the advice of a nonprofit credit counseling agency which will help to create a debt management plan. Is this something you considered?

A debt settlement is an attempt to pay something less than what you originally agreed. When you use a nonprofit credit counseling agency, they will attempt to negotiate on your behalf a debt management plan with reduced or no interest, stopping or eliminating late fees, and possibly paying less than the total principal owed. Ofter, you will make a single payment to the nonprofit

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