However, the jury is out on whether it's better or
worse than debt settlement.
Not exact matches
There are some drawbacks to
debt settlement and you must decide if these are better or
worse than the drawbacks to the alternatives of
debt settlement.
By paying up front fees with no guarantee of service, many debtors are
worse off
than before they entered the
debt settlement program.
We are not in the business to put anyone in a
worse position
than they are currently in, we do not mislead anyone when they call for information, and we are up front about all the pro's and con's of a
debt settlement program.
They claim you can pay a lot less to settle your
debts, but
debt settlement programs don't always work as promised, and you may be left in a
worse financial situation
than when you started.
If you file for bankruptcy you will have much
worse scars
than with
debt settlement and long - term consequences that are very difficult to overcome if you need to rent a new house, or buy a car, get a loan for your business idea, etc... Scars are not the end of the world, but bankruptcy, on the other hand, may be the end to your financial health for many years to come!
Of course it's
worse than that because if you pay a fee to the
debt settlement company up front and they don't solve your problem, you're actually
worse off.