Learn the Differences Between Debt Settlement, Debt Management and Bankruptcy

Learn the Differences Between Debt Settlement, Debt Management and Bankruptcy

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Greenpath Newsletter
July 2015

If you’re struggling with credit card debt,knowing where to turn for help can be confusing.The key to success is making an informed decision.GreenPath recently developed an infographic to help consumers understand positives and negatives of three of the most popular debt solutions: debt settlement,credit counseling /debt management,and bankruptcy.“There are so many commercials,blogs,ads and news stories promoting services to eliminate credit card debt,” said Jane McNamara,GreenPath president & CEO. “It can be overwhelming and hard to understand which option is best for you.”People often choose options based on advertisements or advice from family or friends. For example,you may have heard good things about credit counseling,but you have friends that filed for bankruptcy. And those debt relief commercials sound so tempting.There is no perfect solution to get out of debt — each option has pros and cons. “It’s easy to get into debt, but much harder to get out,” said McNamara. “There are no silver bullets.”

Learn the Differences Between Debt Settlement, Debt Management and Bankruptcy

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