This would make it much more of a task
By debtmansteve on November 7th, 2008
This would make it much more of a task for many consumers to file for help. Bankruptcy should only be made use of as your very last choice after you have considered every conceivable method. Also you should understand the consequences that might come back later down the road. Is debt reduction the best alternative to having to enter into the court ordered bankruptcy proceeding.
There is also the problem of it being on
By debtmansteve on October 28th, 2008
There is also the problem of it being on your FICO report for a long time. When you are signing any important application or document you by law have to answer yes when inquired about your previous bankruptcy, so this does have a long lasting effect on your ability to obtain future credit. With a good debt settlement services you can really look to save money and become debt free pretty darn quickly.