My situation currently dictates that I have few options, those being, bankruptcy, settlement or debt management. At the immediate time I really only have two options, settlement or bankruptcy. I'm looking for feedback from those who have done one or the other and how it impacted them. I haven't heard anything good about either one as of yet. I know that both affect your credit for at least 7 to 10 years and I've heard that bankruptcy can affect your ability to get a job but that would seem untrue unless your employer runs a credit check which some jobs do but not most. I'm also unclear how bad it would be as far as buying a home in the future if my new wife's credit is good and she is in no way tied to my accounts ? I have seen agencies like " Care One " , " Debt Shield" , " Debt Settlement U.S.A." promoted on news talk shows and all have BBB accredidation. Why are people down on this as an option ? I've tried to get a dialogue going with my creditors to discuss settlement with no luck. Feedback?
