Choosing Between Credit Counseling and Debt Settlement

[bobmarley]

My question involves credit counseling in the State of: CA

I'm thinking about choosing between BK, credit counseling, and debt settlement. I have about 40k in credit card debt and I did the math using this calculator on cnn's websitte and it'll take me roughly 30 years to pay it off so minimum payments are not an option. I know BK will stay on my credit for at least 10 years right? I read this blog: http://*******.wordpress.com/2008/07...bt-settlement/ and the author breaks down some pros and cons but have any of you guys actually done debt settlement and been successful? Also, I was listening on the howard stern show and they were talking about a company called [XXXX] debt solutions. (www.*********************.com) Have you guys heard about them before? any info would be helpful....

[aaron]

I would never use a debt management or credit counseling service that gets its business by spamming message boards.

It's just a coincidence, I supposed, that the blog you reference is hawking the same company that you supposedly heard about on the Howard Stern show?

[mmmagique]

go to www.creditboards.com. (I know I always recommend them, but they are really great!) You can find all the info you need right there.