Consolidating debt bad credit history
If you're unable to pay your creditors, filing for bankruptcy can help you get a fresh start by liquidating your assets to pay off your debts or create a payment plan.
Yet since bankruptcy has far-reaching and long-lasting results, you should first consider other debt management options.
At Top Ten Reviews we have been reviewing debt settlement companies for seven years.
For our most recent update we spent 100 hours researching the debt settlement industry, interviewing 12 debt relief companies and conducting secret-shopper-style customer calls.
You can find free or low-cost credit counseling options at: Under the provisions of the Servicemembers Civil Relief Act (SCRA), you may qualify for a reduced interest rate on mortgage payments or credit card debt, protection from eviction, or a delay of all civil court actions, such as bankruptcy, foreclosure, or divorce proceedings.
To find out if you qualify, contact your local Armed Forces Legal Assistance office.
But having bad credit can mean more that just high interest rates.
This includes collection agencies, lawyers who collect debts as part of their business, and companies that buy delinquent debts and then try to collect them.
All of the companies we included are transparent and upfront with customers about the risks associated with these programs.
Our pick for the best debt settlement company is National Debt Relief.
On the flip side, when you have good credit, then loans, insurance, and deposits can cost you a lot less, which means you have more disposable money left at the end of month. Fortunately, you can fix you credit and we have the most up to date credit repair information on how to do it.
Look through our helpful articles on repairing your credit, getting a credit card, and settling your debts.