After you file bankruptcy, the bankruptcy notation will remain on your credit report for ten years, just as any court-related item would. Debt settlements remain on your credit report for seven [...]
Entering a debt settlement program cannot stop a lawsuit, and that’s one of its disadvantages. If you are facing one or multiple lawsuits, bankruptcy would probably be a better option to look at. [...]
I have more credit card debt than I can handle but I don’t want to declare bankruptcy. Are there any other options?
Yes! While bankruptcy is a legitimate means of obtaining debt relief in certain situations, it is one that many people prefer to avoid if at all possible. Even if your circumstances are such that [...]
In a nutshell, there are five basic ways to achieve debt relief, each of which is described briefly below. Which option is best for you will depend on your specific situation. Although they share [...]