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scotlion

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bk lawyers want to sell bk. credit repair sells credit repair. How can I tell which road is better?
Lawyers sell bk. coucilors sell repair. I have old debt (3-4 years). Ton of medical collections. Which may be a better road? BK, consolidation, settlement, or wait for them to drop off?

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DON'T GO CREDIT REPAIR!!!

Anyone advertising credit repair is a rip-of because they can't do anything more than what you can do and some of them are unethical.  Besides, the law says that legitimate credit transaction, whether good or bad, must remain on your credit report for about 7 years, sometimes more (10 years in a bankruptcy).

Find out what the statute of limitations is for your state, then that will help decide how to proceed from that point on.  If you can get a settlement for less than what is owed and they mark it a "Paid In Full" that would be ideal.  Check the articles section to your left and see how to do a settlement.

Bankruptcy should be the LAST option, but the threat of bankruptcy could get a settlement to work in your favor.  They'd prefer something instead of nothing.

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