Debt Settlement vs Bankruptcy vs Debt Management Plan (credit counseling): A Comparison

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Easily compare debt settlement, bankruptcy and debt management plans for what it will cost you, how long it takes, and how long it hurts your access to credit.

I have a heavy-hitting resource you can read through here:
http://consumerrecoverynetwork.com/credit-report-score-rating-debt-relief-programs/

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Michael Bovee started CRN in 2004 with a mission to provide people in need with detailed credit and debt help. The DebtBytes Channel is an extension of the CRN blog, and is dedicated to finding the debt relief option or strategy that works best for you.

Comments

Kevin Ritter says:

Is freedom debt relief a scam ? Or should I do bankruptcy?

Tony A says:

thank you great advice

The FIRE Starter Pack says:

Michael, you put out great videos and I am very glad you have started up again. You have some of the most honest and realistic videos when it comes to credit management and repair and I have recommended them countless times.

Michael Scarlata says:

Michael, thanks for your videos. I owe a collection agency $565, it's from not being able to pay my Comcast bill. I was living with a roommate and he was stalking a girl that I started to date and put a gun in my face and told me he'd kill me if I didn't stop seeing her.

That night while he was at a bar, I packed all my things and left. I didn't think about getting the cable boxes and Comcast charged a huge fee for not returning them and my roommate charged a bunch of movies before I thought about cancelling my cable.

Should I mention this to the debt collectors? How much would you try to negotiate them down to? I can pay the full amount, but I'd like to pay a lot less.

Dan The Man Smith says:

Another great video with great information for people. Thank you Michael.

M J says:

Love your no nonsense advice to the point? you the man???

James Montigny says:

Solid advice and explanation.

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