With the economy being in a poor state and with more and more people experiencing problems paying back their debts, the question “Is Using A Debt Settlement Service A Good Thing To Do Over Bankruptcy?” seems to be on the minds of many people.

While some people may have no choice but to claim bankruptcy, it may behoove them to try a debt settlement service first to try and avoid having to file.

Aurora Lillo Editor of the “Best Debt Settlement Services” website — http://www.BestDebtSettlementServices.com — pointed out;

“…These services can contact outstanding creditors and offer them monthly payments you can afford, or even a payoff that will settle the debt, rather than having to file for bankruptcy. Using a service to settle your debt is always recommended over bankruptcy as it can save your credit. Once filing for bankruptcy you will either be relieved from all your debt or only make payments to secured creditors…”

This will effect your credit for at least seven years. When using these services, as long as your creditors are paid according to the plan worked out by the service, your credit will be much better off than if you had filed for bankruptcy. This makes sense if you think about it as making payments on something or paying it off as opposed to not paying it at all will have a positive effect on your credit.

“…Another thing to keep in mind is how much it’s going to cost you to file for bankruptcy. Anyone having trouble paying their bills is likely not going to have a lot of extra money laying around. Most services that settle debts are free or charge a very nominal fee. Filing for bankruptcy will cost you well over a thousand dollars and unless you know someone these fees will likely have to be paid up front…” added A. Lillo.

Is using a debt settlement service a good thing to do over bankruptcy? The answer is usually an emphatic YES!

Further Information By Visiting; http://www.BestDebtSettlementServices.com