subject: Eliminate Unsecured Debt - How to Avoid Bankruptcy Through Debt Settlement [print this page] Eliminate Unsecured Debt - How to Avoid Bankruptcy Through Debt Settlement
There are multiple debt relief solutions. Getting out of debt has never been easy, but at least you have debt relief options. You could file for bankruptcy, but most people given the choice, would try to avoid bankruptcy. The word itself carries with it a sense of failure or lack of responsibility. Having gone bankrupt may sound like you need to pull up stakes and move out of the country. Besides the embarrassment, bankruptcy tends to put a label on your history, both personal and credit, that's difficult to shed.
Fortunately, there's a way to avoid bankruptcy through a debt relief strategy called financial settlement.
Debt settlement is a perfectly acceptable method to eliminate unsecured debt. Debt relief is just around the corner, but you have to know what corner and how to steer toward it. If you're over $10,000 in unsecured debt, it's probably time you take control and do something about it.
Negotiation through settlement. That's what debt settlement is. If you have unsecured debt and you want to eliminate it, but don't know how, you need an expert. There are expert negotiators available that will inform you how to go about getting your creditors to listen to a reasonable settlement of your total debt, often for less than you actually owe, sometimes up to 50% of what you owe.
Avoiding bankruptcy. Debt settlement does not carry the same connotations as going bankrupt. Settling up is not giving up. Settling your debt for less is a reasonable approach to a creditor who otherwise might receive nothing in bankruptcy proceedings. They get a portion of what's due them and are willing to work out a deal, and you finally get debt relief without having to go bankrupt. Your credit isn't ruined and you won't have to pull up stakes and move out of the country.
If you feel you don't have a choice to eliminate your unsecured debt except by bankruptcy, consider the option of debt settlement instead. Do research, check out the various settlement companies, and embark upon a different course.
Debt settlement is a viable alternative to filing bankruptcy. Most consumers are able to eliminate at least 60% of their unsecured debt while avoiding many of the negative consequences with filing bankruptcy. If you are over $10k in unsecured debt you will be eligible for debt settlement.
