Can you tell me which is better , debt settlement or debt consolidation?

I want to try to pay off the debt in approx. 3 yrs. I do care about my credit score, but at this point I want to payoff the debt as soon as possible.

Can you tell me which is better , debt settlement or debt consolidation?
Really depends on your situation, I would go for settlement if availble .. kr





Good Luck!
Reply:They aren't really the same thing. Consolidating your debt won't mean you have to pay it. It just means they make it more manageable for you to pay over different periods of time.





As long as you are making steady, full payments on time, your credit score won't go down. In fact, it could help your credit score because it establishes you as a responsible loanee. Making on time, contant payments will keep your credit score in a good spot. But watch out for interest rates. The longer it takes you to pay off, the more interest you accure and the more money you end up owing.
Reply:consolidate and pay it off faster.


your score will rise
Reply:Debt consolidation...





Opt for a debt consolidation loan: The easiest method of getting a debt consolidation loan is to utilize the equity of your home. Equity of your home is calculated and determined by the difference in the amount you have paid and the amount you owe. If the amount you have paid is more than the amount due, you can use it as collateral. This allows you to borrow money on lower interest rates. Besides, you also get tax benefit on this type of loan. Consult your tax advisor before opting for this loan.