My question involves collection proceedings in the State of: Texas
Hi all-this is a great forum!, this morning i receive a call from an attorney representing one of my creditors. I recently went into a big issue and was not able to pay my credit cards on time-with these said the rates increased and everything went sky rocket. the debt is 1500 and they expect me to pay in 2 months or they will file a judgement on small claims court.....i own a house / car which i am still paying for and have no clue what i can go through..........i've never been in this situation.....
this is not the only credit card i have a debt with and i am affraid same proccedings may happen.
question....... What is better, bankruptcy or settlement (a.k.a credit repair)?
i know it all takes 7 yrs to clear from credit bureaus but which one's better?
i want to buy another house after the one i have (which i am still paying for and keep paying for)
I know your advise folks, thanks a lot in advance.....

