debt settlement company / 2 posts found
Why You Should Chose Bankruptcy Over A Debt Settlement
In this video I provide 4 reasons why Bankruptcy trumps a debt settlement hands down. #1) A bankruptcy provides you a clean slate where as a debt settlement you still have the debt if they dont settle #2) Debt Settlements require the creditor to take less then will send you a 1099 for the difference. Bankruptcy chapter 7 one time payment and you don’t have a 1099 to deal with for taxes. #3 Debts could resurface Bankruptcy most if not all debt handled under legal proceeding no worry of it resurfacing. #4 Bankruptcy legal guarantee all debts are taken care […]
What You Need To Ask A Debt Management Company
In this video I provide 5 questions you need to ask any debt management settlement or debt management company before choosing there program. #1 How will your program affect my credit report? #2 Will be there be any tax implications when using your program? #3 How much is your fees up front and or monthly? #4 Will your program payback 100% of the debt? #5 Who sets the guidelines for your program your company or the creditors?