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Debt Settlement as an Alternative to Bankruptcy

Debt settlement is a great option for those seeking help with credit card debt. When even a single payment is missed, most credit cards incur an extremely sizable interest charge that then weighs on the existing balance. This interest charge makes it more difficult to pay off the credit card in the following months which can easily send your debt spinning out of control.

At some point in the life of an individual or business, it is fairly inevitable that financial hardships as a result of bad-debt will be encountered. Individuals can face these issues due to the loss of work or poor personal financial management, such as with credit cards. Companies typically face these problems within the first two years of operation as part of their regular business practices. No matter the reason, bad-debt can lead to bankruptcy. However, there are alternatives to bankruptcy that can save your personal credit and/or your business.

Bankruptcy is defined as the inability of an individual or organization to meet the financial obligations owed to their creditors. When you file, the debtor (you or your business) is required to surrender all non-exempt assets and property for liquidation. While personal assets are retained, you must also pledge a certain portion of your earned income to the creditors based on a structured repayment plan. Your credit score will be zero for years, meaning that you will not be able to obtain financing for any personal or business venture for a long time.

The stress and headaches caused by these unpaid financial obligations can be worrisome, to say the least, particularly when the thought of filing bankruptcy creep into your mind. In these situations, it is important to realize that you have options. It is important to seek out the alternatives, such as a financial consultant who can create a debt settlement plan for you.

You might ask: why are your lenders willing to allow debt settlement? The truth is that any alternative is beneficial to the lender when compared bankruptcy. Alternatives are valuable to both the lender and yourself. The lender is able to recover at least a portion of the funds that they are owed and you are able to manage a debt settlement plan that is much less than the original amount you actually owed.

Debt settlement is a great option for those seeking help with credit card debt. When even a single payment is missed, most credit cards incur an extremely sizable interest charge that then weighs on the existing balance. This interest charge makes it more difficult to pay off the credit card in the following months which can easily send your debt spinning out of control. Debt settlement will allow you to pay off your debt with only a portion of what you owe without destroying your credit score.

Debt settlement can be an extremely beneficial alternative to bankruptcy for you, as an individual or a business owner. Particularly when you are taking the future into consideration, bankruptcy should be avoided at all costs given the fact that financing will be nearly impossible for any personal or business needs you may have at a later date. There is no clean slate; bankruptcy will follow you wherever you go. No matter what sort of debt you have incurred, always seek out a debt settlement plan as the first option for dealing with your financial obligations.

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We provide Debt Settlement and Debt Management Programs in the following states: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Florida, Gorgia, Illinois, Indiana, Iowa, Lousiana, Maryland, Massechussettes, Michigan, Minnisota, Montana, Mosouri, Nebraska, Nevada, New Mexico, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Dakota, Tennesee, Texas, Utah, Washington.
*Individual results may vary and are based on the ability to save funds and successful completion of the program terms. Debt Settlement program does not assume or pay any consumer debts, and does not provide tax or legal advice. Program not available in all states. Read and understand all contract terms prior to enrollment.
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