Quote:
Originally Posted by Settle
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?
|
I'm not sure if I will agree to this that well. BK offcourse could be a li'l better for the person because he doesn't have to pay thereafter but for the creditors settlement is a better option out of the two .As far as negative strokes are concerned they are equally bad in case of BK as well .