Not exact matches
It could happen through a
debt management program, a
debt consolidation loan, or a plan to
settle your
debts — depending
on the amount of
debt and amount of income you have available.
The decision
on whether or not to seek out
debt consolidation as a viable option for people in
debt is one that is not easily
settled.
After deciding to get your finances back
on track through
debt consolidation, you were successful in convincing your creditors to accept lesser amounts to
settle your outstanding
debt.
In many cases, bankruptcy is actually easier
on your score than
debt consolidation, which takes years during which your credit will continue to drop, or
debt settlement, which will knock down your score without any sort of guarantee that your
debt will actually be
settled.