4 Responses to “what is better to go to a debt settlement company or a debt consolidated credit service company ?”

1. Peter
   July 1st, 2009 @ 3:58 pm

   In debt settlement we have to pay some less as we are settling it. And for consolidation we will pay same as the amount of debt.

   http://www.loansstore.com/debt-settlement
   References :

2. Yasmin
   July 1st, 2009 @ 4:08 pm

   hey dude , I think you have to go to a debt settlement is good choice rather to go to debt consolidation…In debt settlement you have to pay less than the original amount and in debt consolidation you will have to pay same as the amount.. So for debt settlement and visit the following site.
   References :
   http://www.debtconsolidation123.net/

3. Johnson
   July 2nd, 2009 @ 8:43 am

   You need to consider the cost of both plans. Will the fees charged by the settlement company push your total paid back up to the original amount you owe? Any debt that is reduced or “forgiven” will require that you claim the amount forgiven as income and claim on your taxes.

   Your credit will be in the hole when you finish the debt settlement process. If it is not already bad and you can pay the same payment, the “extra” you would need to pay to cover your debt is well worth it to save your financial reputation.

4. Johnson
   July 2nd, 2009 @ 8:46 am

   If your credit is still decent, it is worth paying the “extra” to save your financial reputation. Also, any debt “forgiven” must be claimed as income. Take a look at the settlement company fees/costs, be sure to get all of them as most of these entities are out to bilk you and see how close the debt savings plus their costs get to the cost of a consolidation loan.

   Be very wary of this industry.

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