I have a serious problem right now. All need expert/smart answers no spamming please. I’m in about 21,000 credit card debt. I am having major problems paying off the cards, (6 cards). Bankruptcy is entering my mind, but I am looking at these debt consolidation websites, they claim its better to use them than filling for bankruptcy. I’m trying to get 2nd job, no luck with how this economy is going. My question is, whats the pros and cons of both options. 2nd I work as a supervisor of a major freight company, when they promote me down the line, will they find out I’ve filed for either bankruptcy or using debt consolidation. Man I was young and stupid, with credit cards now I’m suffering big time. One thing I thought of, was one month pay off one card, which will lead me to skip the other cards payments, then next month make a big payment and skip others, then repeat, but that would destroy my credit score.
Posts Tagged ‘Pros Cons’
Bankruptcy or Debt Consolidation? Pros and Cons?
Wednesday, October 21st, 2009I have a serious problem right now. All need expert/smart answers no spamming please. I’m in about 21,000 credit card debt. I am having major problems paying off the cards, (6 cards). Bankruptcy is entering my mind, but I am looking at these debt consolidation websites, they claim its better to use them than filling for bankruptcy. I’m trying to get 2nd job, no luck with how this economy is going. My question is, whats the pros and cons of both options. 2nd I work as a supervisor of a major freight company, when they promote me down the line, will they find out I’ve filed for either bankruptcy or using debt consolidation. Man I was young and stupid, with credit cards now I’m suffering big time. One thing I thought of, was one month pay off one card, which will lead me to skip the other cards payments, then next month make a big payment and skip others, then repeat, but that would destroy my credit score.