Sliider.com

Can a debt settlement program in Alaska be something that will actually work? This is a technique in which one must fall behind on their debts’ while saving up the needed money on the side, to then negotiate a one time settlement, at a much reduced sum from the original balance owed. While debt settlement does have a temporary harmful effect on someone’s credit history, it is not anywhere near as negative as bankruptcy. Plus debt settlement is not by any means a public record, however a bankruptcy will be a public record for the rest of the debtors life.

I am almost out of debt and the way I am getting there is through debt settlement not bankruptcy. There is also the negative effect of it being on your credit history for a long time. When you filling out any significant application or document you will always have to say yes when asked the question about bankruptcy, so this does have a extremely long lasting effect on your credit.