Consolidation
Date: Wed, 06/01/2005 - 15:44
Consolidation
Hi,Welcome to the debt consolidation forum. The consequences
Hi,
Welcome to the debt consolidation forum. The consequences of getting yourself into a debt consolidation program are much better than filing for bankruptcy.
In bankruptcy, there is not only a possibility of liquidating your assets but also you will have to go according to the verdict. The creditor gives you the repayment scheme.
In debt consolidation, the consultant takes care of all your debt burdens and your debt gets reduced by 40% t0 60%. The late fees, taxes and any other financial charges are also eliminated. Your debt gets cleared through a new payment scheme at easy monthly installments.
While you file for bankruptcy, your credit report is affected and it will be shown for the next 10 years. Whereas in debt consolidation program, your credit score is not affected as you have taken this responsibility to pay off your debt.
In filing a bankruptcy you have to face the legal hassles whereas in debt consolidation all you have to do is get yourself registered with a reputed debt consolidation firm.
Nowadays, debt consolidation is the most popular method to eliminate your debt problems.
Please look into the benefits of debt consolidation at http://www.debtconsolidationcare.com/benefits.html
Please get yourself registered for free by filling one short registration form at http://www.debtconsolidationcare.com/
We will like to hear your feedback and anticipating your active participation in the forums. Hope that you will have a healthy stay in the forums in your each visit.
Regards,
Roxette