subject: Personal Debt Relief Bailouts - Wall Street Aren't the Only Ones Getting Debt Bailouts [print this page] Personal Debt Relief Bailouts - Wall Street Aren't the Only Ones Getting Debt Bailouts
So you are living the American dream. You have a good job, a beautiful wife, maybe a few kids. You live in a nice house in a nice neighbourhood. You drive a decent car, and where nice cloths. You're not rich, but you are not poor either. Then disaster strikes, someone in the family becomes sick and needs medical treatment. Suddenly you are drawing more money every month then you are bringing in. You start to rely on credit and before you know it you are up to your eyeballs in debt.
This is unfortunately an all to common situation for many different people in today's economy, and it doesn't just happen to individuals. Companies have also fallen on hard times and have had to request assistance. The good news is that bailouts are not just for Wall Street. Everyone can qualify for the assistance they need. You can have your credit owed in half and your interest rates slashed to make it possible for your to pay back even a fraction of your debt.
See credit card companies and banks are not going to get any of their money back if you go bankrupt, so they will work with credit relief companies on your behalf in order to get at least some of the money you. From a business stand point this is a better option for them then you claiming bankruptcy, and better for you as your monthly payment will be lower and you will be able to get out of debt earlier.
So why would you continue to struggle just making the minimum payment every month and slipping farther and farther into debt. The help is there for you to take advantage of. Sometimes life gets ahead of you, now you can finally take charge of your life again and get back on track.
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.
