Filing for bankruptcy might have been appealing in the past however new federal laws make this option far less attractive. It is important that consumers know all of their options for debt relief before ever filing bankruptcy.
If you feel like you are on the verge of filing for credit card debt bankruptcy it is important that you understand your alternative debt relief options . If you are struggling to meet you minimum monthly payments then there is only one legitimate alternative to filing bankruptcy.
Debt settlement
Debt Settlement is only intended for consumers and small businesses with at least $10,000 in unsecured debt that are experiencing a legitimate financial hardship. Credit card companies and other creditors of unsecured debt understand that if you were to file bankruptcy they would likely receive little to none of their money back. Knowing this, if they believe you are a legitimate candidate for bankruptcy they are more than willing to negotiate and settle for a small percentage. 50% of their money back is better than nothing. You can avoid bankruptcy and improve your credit score after the debt settlement negotiation and payoff is completed.
Getting out of debt through a debt settlement process is currently very popular but you need to know where to locate the best performing programs in order to get the best deals. We recommend CuraDebt for debt settlement because they are professionally staffed and can answer any debt settlement or credit question you may have. Just go to our website and complte a contact form and one of our expert and friendly counselors will call you back today! read more here