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Which Is Better – A Debt Consolidation Service Or Debt Settlement?
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With the state of economy in fluctuation, there are millions of people struggling with unsecured credit card debt. To many, bankruptcy may seem the only way out.
With every crisis comes solutions, debt settlement and debt consolidation companies have seen a growth that is unprecedented. People are starting to turn to these solutions, rather than to bankruptcy. Which is better? What are the pros and cons of each?
Most people encounter some form of debt in their lives. However, not all debts are created equally and some are considered better than others. Indeed, while debt comes in several forms, all personal debt (not corporate or government debt) can be categorized within a few main types, including secured debt, unsecured debt, revolving debt, and mortgages.