Page Section Navigation
Go to: Header
Go to: Utility Navigation
Go to: Primary Navigation
Go to: Content
Go to: Footer
 
Ask the Experts

Ask The Experts

Q:
Is it better to file bankruptcy or use a debt consolidation service?

I have one question. How should you determine if it is better to file for bankruptcy, or to enlist in a debt consolidation service? -Lisa

Dear Lisa,

It is wise to research all of your options. I recommend that you speak with a trained credit counselor that can help you fully assess your financial situation. It may be possible to establish a debt repayment plan that is agreeable to both you and the lender. If a repayment plan is not possible, our agency also provides the necessary counseling to allow you to move forward with the bankruptcy process.

Good luck with your decision,

Ask the Experts

Explore by:
Ask The Experts

Do you have a question for the experts at MMI? Submit it here and the answer could be featured on Blogging for Change!