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Debt Consolidation vs Bankruptcy: Which is Better?

Sawin & Shea

Two of the most common options for dealing with unmanageable debt are filing for bankruptcy and pursuing debt consolidation. Bankruptcy and debt consolidation are distinct solutions, each with advantages and potential drawbacks. However, it’s important to remember that this does not eliminate debt.

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Credit Card Debt Forgiveness: What You Need to Know

Credit Corp

While it can provide relief from overwhelming debt, it may have significant consequences, including damage to your credit score, tax implications, and potential legal actions from creditors. trillion in credit card debt. Bankruptcy also allows you to avoid wage garnishment in the future.

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Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

Deceives consumers about its fees : Freedom falsely claims that it charges consumers only when it negotiates a settlement of a debt and consumers make a payment under the terms of the settlement. Creditors are not required to participate in or cooperate with a debt management or settlement.