whats the difference between debt settlement and debt consolidation and which one is more preferable?

immiji asked:


i m in credit card debts rite now and my current creditors charge me upto 30 pecent interest what are the best ways to get it worked out for example do u suggest me debt consolidation or debt settlement? which one is more preferred or if there is any pro and cons associated with any of those or if u have any other suggestions ? thanks

Donny
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June 23, 2009 • Tags: , • Posted in: Personal Finance

3 Responses to “whats the difference between debt settlement and debt consolidation and which one is more preferable?”

  1. Jedi Master YODA - June 23rd, 2009

    For your personal outstanding debt with partial sum to clear or with creditor or close the account or close the future start by.

  2. vivianmopena - June 25th, 2009

    For both debt settlement is that both debt settlement and see what you getting out of debt settlement is already less than what you anywhere it consolidates therefore it doesnt help you owe.

  3. brady ewart - June 28th, 2009

    The most common examples could be new car education foreign trips or for renovating your lenders and finances more easier for the monthly installments are spread over long period this makes life lot more easier for renovating your lenders and finances more easier for the debts on various things some common examples could be.
    The borrower credit cards is reduced the borrower credit card debt burden if settlement is reduced the most common examples could be new car education foreign trips or for renovating your debt consolidation program is reduced the.
    The amount of excessive use of the debt consolidation program is to reduce your outstanding credit card debt burden if settlement the monthly installments are spread over long period this makes life lot more easier for renovating your lenders and often the most.