![]() |
Is bankruptcy or consolidation better for your credit? |
[Edit] |
[Edit]
Answer
If the referrence is to a consolidation loan then that depending on the party's financial situation would be a better choice than BK. If the issue is whether a chapter 7 or 13 BK is the best choice, it is always preferable to pay debts even partially. However both are detrimetal to credit history. A 7 remains for 10 years a 13 when satisfactorily discharged remains for 7.
First answer by Nikki. Last edit by Nikki. Question popularity: 83 [recommend question]
|
Also see on Answers.com
Research your answer: |
Can you answer other
questions about debt and bankruptcy?





