In the world of debt relief, there are many options to pursue, some more attractive than others. People who have filed bankruptcy know the pitfalls. Their credit gets ruined, recovery is long term and painful. Their credit worthiness isn't worthy for some time to come, years and years, and the nasty label of having to go bankrupt is sewed into the cloth of their lives, possibly forever.
If you're in the market to settle your debts, if you're over $10,000 in credit card debt, then listen to the reasons debt settlement is more attractive than pursing a course of bankruptcy.
Bankruptcy Code, After Bankruptcy, Bankruptcy Indiana,
• No lawyers - Lawyers aren't cheap, for one thing. It's bad enough to be in debt, but then you have to come up with money to get out of debt. Sounds like a contradiction. The other problem is the process. It's not as easy as it used to be. There are a lot of forms to fill out, creditors to notify, and assets to scrutinize. For what you get, a bleak credit future, bankruptcy is not attractive in the least.
• Debt settlement - Financial settlement is a process for debt relief, but it's more attractive than bankruptcy because the credit card companies are now, more than ever, willing to settle with consumers. Rather than lose their own shirts when a consumer declares bankruptcy, they'll take less so at least they'll take something. You can find a debt settlement company who will listen to your situation, emphasize with your problems, and seek a debt relief solution designed for you.
• Pay less than you owe - An attractive benefit of a settlement is that you will actually wind up paying less than the total amount you owe. A good settlement company may be able to reduce your debt by 50%. They will negotiate with your creditors for you, barter for reduced payoffs, set up a satisfactory payment schedule, and can be your debt relief vehicle. Contact a legitimate debt settlement company to initiate the process, avoid the dark cloud of bankruptcy, and get your debt relief started today.
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