Debt Consolidation or Bankruptcy?

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Posted: Thu Sep 23, 2004 12:12 am
Post subject: Debt Consolidation or Bankruptcy?
Kelly
Date: 3/13/2001 2:04 pm CDT

Hello all!
I have a question about debt consolidation. Has anyone tried this? My husband and I are in debt because both of us lost our jobs in the same week, and then could not afford to pay the bills on time. Which of course lead to late fees and such. We have considered bankruptcy but are leery of it, since you basically have bad credit for 7-8 years. Is that true? I have been investigating both of these options and would appreciate any advice on either topic. If anyone has done debt consolidation, do you recommned anyone? What are the pros and cons (in your opinion) of debt consolidation vs. bankruptcy? We get at least 5 calls a day from creditors telling us we have to pay this much by this time, (which are completely astronomical!) We just want out of debt!!! Please help!
Thank you so much for you time. If you dont mind, please email me! (Kellby1178@aol.com)
Kelly

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