Bankruptcy vs. debt consolidation?
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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.
I suggest giving debt consolidation a try before considering bankruptcy. Debt consolidation is not as damaging as bankruptcy.
both are different
debt consolidation ...dont opt for bankruptcy
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!
Do not file for bankrupcty. The laws are changing for this, making you pay back the money you owe anyway.
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