Question:
Dear Steve,
I have significant credit card debt and a repossession
Is it better to do debt settlement or file chapter 7 bankruptcy I know neither are good options but we are very upside down and cannot afford our payments.
Tina
Answer:
Dear Tina,
It is interesting how a seemingly simple question can have a complicated answer. I decided to make your question the subject of a Debt Free Dudes podcast with Damon Day.
Damon and I role-play what a lot of debt relief salespeople might say to you when you can for advice. This podcast contains examples of what you might hear from credit counseling, debt settlement, consolidation loan offers, and bankruptcy.
Listen to the Podcast
Easiest way to listen – Say “Hey Siri play Get Out of Debt Guy Podcast” or “Hey Alexa subscribe Get Out of Debt Guy Podcast”
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Asked question about if I should do debt settlement or bankruptcy.
Thank you for your question, Tina. You can hear the answer in this podcast.