Debt consolidation vs. bankruptcy pros/cons? San Fran, CA reputable company recommendations?
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Answer:
If you can do it Debt Consolidation is the way to go. You make 1 payment and the company distributes the payments to each credit card company. In time this shows that you are again current and paying down your debt.
If you declare Bankrupty all your debts are gone, but this stays on your record for 10 years. A lot of law firms will tell you you can get credit almost immediatly after you declare. This is correct but that is what got you into trouble in the first place.
Personally I would do the Debt Consilidation first, because not only does it help your credit but you also can get some budget help, which in the long run will help you more.
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