from24/7 Wall St.
5 days agoBankruptcy in 4 Months or Debt Settlement in 3 Years: Which Path Costs Less
If you are only covering interest on a credit card balance, every month you delay exploring bankruptcy is a month of cash going to the issuer with no progress on the principal. Choose the wrong path and you can spend three to five years grinding through a settlement program while the math of a Chapter 7 filing would have cleared the same debt before next Thanksgiving.
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