settlement

Hi Diana,

Welcome to the forums. Comparing debt settlement5 with debt consolidation, each method has its own prospects.

debt settlement is a negotiated settlement of your unsecured debts where your debt gets reduced. Since it is a bankruptcy prevention program, it adversely affects your credit rating if the debts are current and there is no history of late payment.

http://www.debtconsolidationcare.com/debt-settlement.html

However, Debt consolidation also covers your unsecured debts and it gets consolidated into one lower monthly payment. The difference is that your entire amount owed as well as interests are still owed and you will need to cover everything.

http://www.debtconsolidationcare.com/benefits.html

Presenting both cases, when consumers have outstanding balance with more than one creditor, debt consolidation will be beneficial. On the other hand, when the consumers have huge outstanding debts and there is no way left to pay them off and declare bankruptcy, debt settlement will be the best move.

If you are left in a fix of which one will be the best choice, please have a look at

http://www.debtconsolidationcare.com/decide.html

Please let us know your feedback.

Regards
Roxette