subject: Why Not Avoid Bankruptcy, With Debt Management? [print this page] Why Not Avoid Bankruptcy, With Debt Management?
Can you imagine being in this situation, daily harassment, collection calls, rude bill collectors, and nasty letters already adding to an intense situation? Do you have a ton of credit card debt and are looking for a way out? If you can answer yes to either question, you are who I'm looking for. You could be a perfect candidate for Professional Debt Management.
Consumers from all walks of life are suddenly faced with the reality that they are in debt far more than they can pay back. This kind of personal debt is very common and wide spared due to the credit card company's offering what sounded like such a great deal when they sent you an application for credit. These companies made it so easy to get credit that you didn't even have to prove means of repayment on the application. The more applications you received, the more you became indebted to these Companies. Very soon you find that you are unable to pay not even minimum payments on all of these Cards.
The reality of this is you begin to rob Peter to Paul, pay a little bit on this card and after payment that clears you take that card to pay the next one and so on and so on. It's like a dog chasing his tale, he can never quit gets it, but he keeps trying until he gets tired.
When you finely realize you are in need of help, its way to late to for a quick fix. So you do a Google search on, debt settlement debt negotiation. You'll find there are so many advertisements for all kinds of debt management help that you don't know which way to turn. Always remember, every one of these web sites are after your money. Some don't care how they get it and will steal you blind if you give them a chance.
Now what you need to do is sit down and think of what kind of help you really need. Do you need counseling on consumer debt? These are debt management plans that require 100% repayment of the debt through a structured payment plan. This is what non-profit credit counseling agencies do, as well as for-profit debt consolidates. Or how about debt termination companies, that claim to wipe away 100% of your debt through special legal procedures, so your total payout consists only of their fees. If you believe this one I have some very nice water fount property in the Everglades I'll let you have cheap. These companies are a rip-off or scam. All they want is your money without giving any credit card debt relief.
You could turn to Chapter 13 Bankruptcy. What's wrong with this is. You will still have to pay almost every penny of your debt back over a 5 years period. This doesn't sound so bad until you find out the fees are very high and that the court dictates how much you pay each month. The court will allow you living expenses but not what you think is a fair amount. They have a formula that sets your expenses according to the national average set forth by the IRS. So, every penny over the set amount will go to the court for disbursement toward your credit card debt. This kind of help is not a good debt management plan.
Now I know you are probable thinking you're going to be stuck with all this debt, right? Wrong, 100% wrong. How about if I told you that you can cut your total credit card debt in half or better and not give up every extra penny you make. What if I told you that you could be totally out of debt in as short time as 18 to 24 months? What if I told you that even though your deeply in debt, while being in this program you have the chance to slowly repair your credit score? What if I told you that the Debt Settlement Debt Negotiation Company I'm speaking of has a very high success record in getting the credit card companies to accept far less than what you owe? It also is the top rated Debt Settlement Company in the US. They are a member in good standings with the BBB and have won many awards for their honesty and integrity. You won't find a better credit debt settlement offer anywhere.
The choice totally belongs to you, however, when viewed as an alternative to bankruptcy rather than a cure-all for financial woes, it provides a good solution for many consumers. Essentially, debt settlement is really nothing more than a negotiated compromise with your creditors. It's actually a win-win scenario for you and the creditor.
