Question by jimmeeb: which seems best; bankrupcty or debt solution? (debt solution i pay /mo)?
i know bankrupcty wipes the slate clean, but then takes 7-10 yrs to fix. debt solutions wants /mo, but will “repair” my credit over several months. is it really worth this?

Best answer:

Answer by Cate
Sure it’s worth it. You are paying for things that you have received. From a morale standpoint, it’s the best option.

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Question by g p: Hello..Im in some credit woes and wonder if its best to do a settlement or credit consolidation/whats the best
Im worndering also if there are better companies to use as I have heard some horror stories with some credit ” repair” companies….

Please advise your help is very much appriciated!!! GP

Best answer:

Answer by bdancer222
Consumer Credit Counseling Service (CCCS) is a non-profit company offering free counseling. They also have a debt management probram. They can look at ;your finances and advise you how to proceed.

http://www.nfcc.org/

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Question by troubleshy57: What is the best way for a person to “repair” their credit?
I’m not sure how to go about this especially if some of the debts is more than 5 years old.

Best answer:

Answer by KNN
Don’t pay anyone to repair your credit. Its simple and you can do it yourself. these credit repair companies will charge you lots of money. What you have to do is contact all these companies you owe money to. If you don’t know, get a free credit report from one of the 3 bureaus. Contact them and pay them, you can also offer settlement amounts, but keep in mind they might 1099 you and it will show on your credit report that its a settled account. Once you get all the matters paid, continue with paying your accounts ON TIME. After as much as 6-8 months you will see an increase in your credit score. And don’t apply for any new credit for awhile.

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