Filing bankruptcy to achieve debt relief is not your only option. The usual thing is that you might consider filing bankruptcy when you are already deep in debt. It is hard to make a decision when it comes to this matter.
However, to prevent filing bankruptcy, a debtor can enroll in a debt relief program. There are several programs available: Debt management, debt consolidation, debt negotiation, debt relief advice or counseling, and of course, realistic budgeting are some ways that you could try instead of declaring bankruptcy to meet debt relief.
Bankruptcy stays on your credit for 10 years. During that time you will only be offered sky high interest rates for loans (that?s if you even qualify). Also, your down payment will need to be substantial.
Bankruptcy is public record-anyone can find out if you filed bankruptcy. In addition, you may not get a job or a promotion due to this. What?s more, bankruptcy is embarrassing because you must stand before a judge in a courtroom full of strangers!
Realistic budgeting or analyzing how much you earn and how much you give out for your expense is an essential way of debt relief. List down your important and not so important expenses so you can determine which expenses should be prioritized. And which aspect you have to cut down your spending. This can help you save more money and pay smaller debts to avoid bankruptcy.
Next, seek professional advice if you are not sure where and how to start clearing your debt. Always remember to select the best and the most reputable company. Decide for a company that can provide you advice on taking control of your money and debts. A good company also offers educational materials and workshops that will help you manage your budget.
Be true on what you really owe so that the counselor can provide you definite answers to your questions and can help you out properly with your plans in paying your debts. These individuals are certified and well trained to do this job.
Other than bankruptcy, debt relief can also be achieved by engaging in a debt negotiation program. You can consider creating debt management plan and choosing the right debt relief program that will suit your financial needs.
Debt consolidation loan is the right one for you if you if you owe a home or a variety of big loans. This type of debt relief uses a loan to pay off your other loans. Debt elimination is another good option that you may want to consider. This will help you to settle your debt in a certain period of time.
To file bankruptcy to achieve debt relief is not always the better way to get rid of your debts. Don?t let your financial situation grow worse. Stay positive. A debt relief program can help you out.
About the Author: Debt Free Solutions is a debt consulting company located in Long Beach, CA. We have been in business for 10 years. We assist Americans across the U.S. to eliminate excessive credit card and other unsecured debt.
We utilize various programs and strategies to aid them in dissolving their debt in the quickest, safest, and most efficient method possible. We also analyze the risk factor. We structure our programs to drastically minimize the risk that is inevitable with all debt elimination programs.
We offer our clients much more than a debt settlement company does. The vast majority of debt negotiation companies simply settle your debts on your behalf with your creditors- nothing more.
On the other hand, we provide free services to significantly help to minimize the risks that are involved in negotiating with your creditors.
First, we offer a free, no-risk 10 day trial service. During our free trial, we negotiate with your creditors on your behalf to lower your interest rates. Also, we research to see if you have any old debts that you are not legally liable to repay. If, for any reason, you are not completely satisfied, you simply walk away. No commitments. No contracts.
Next, we provide a comprehensive credit repair service to all our clients. This is a $795 service that is absolutely free!
Also, we offer free attorney consultation (a maximum of five sessions) in case one or more of your creditors makes any threats.
Last, we provide a written guarantee that our clients? creditors will settle for an average of 50% or more for all of the debts they attempt to negotiate.
Our services are competitively priced- and include the above free services!
Joseph Hernandez
CEO
Debt Free Solutions
www.debtfreesolutions.mobi
(800) 668-8090
It?s critical that you choose the best way to get out of debt. You need to weigh the pros and cons of each program to determine which program is best. Choosing the wrong program may cause a financial disaster!
http://nomoredebt.debtfreesolutions.mobi
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