How does Debt Management Plan differ from declaring bankruptcy?
Credit counseling is a voluntary process to help people in debt regain control of their finances, regardless of whether they have good credit or bad credit. The Debt Management Plan provided by Christian Debt Consolidation is a viable option to declaring bankruptcy. In contrast, when you file for Chapter 13 bankruptcy, it becomes public record. Such a step has serious and long-term drawbacks, which may negatively affect your life for decades and may make it difficult for you to obtain credit in the future.