Quote:
Originally Posted by candiid
Well obviously Debt settlement companies are far better solution than the bankruptcy solution ,for both parties .
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I am not as sure about that as you seem to be right now. For the credit issuer, who gets some money rather than none, settlement seems a better choice.
But with all the negatives associated with settlement, settlement paints big negative strokes on a person's credit. Settlement seems to destroy the personal credit for years to come, where BK offers a very clean break within the credit world.
Do you agree?