The best Debt Cures - Bankruptcy or Debt Settlement?

Hello-

It’s cyber Monday, time to start shopping online if you haven’t done so already.  Unless you have a mountain of debt and worry about how you can even afford food to eat let alone presents for the kids for Christmas.  You are not along struggling with credit card debt this holiday season.  Yours truly has over $51,000 in credit card debt.

Yes, I have over $51,000 in credit card debt, owed on 5 credit cards. And boy could I use a debt cure or two.

So, like you, I am looking for ways to get out of this credit card debt hole and keep from worrying about how to make enough money to pay all my bills.

Just a few minutes ago, I went looking for some debt cures - I took a look at bankruptcy and debt settlement as these are the more popular options for getting credit card debt relief.

I took a look at 2 companies:

Legal Helpers

Credit Solutions

Legal Helpers offers a free bankruptcy evaluation to see if bankruptcy is the right choice for you.  I took a look at their free debt calculator and here’s what it gave me:

If I were to just pay the minimum on my cards, it would take me 84 years to get out of debt, whereas with bankruptcy, my payments would be $395 a month instead of $1113 a month and I would be debt free in 13 years instead of 84.  That would really help me free up some money that I could use for other necessities.

Click here to get a free evaluation with Legal Helpers.

Then I took a look at Credit Solutions - one of the leading debt settlement companies in the US.  Here’s what their numbers offer me:

With Credit Solutions, my monthly payments would be $932 a month and I would be debt free in about 36 months, 3 years instead of 84 with paying it on my own and 13 with bankruptcy.  While my monthly payment would not go down as much with Credit Solutions, it would have me debt free in a much shorter period of time that is because with debt settlement, you are able to reduce your total credit card debt and get it wiped out for good in 12-36 months.

Click here to get a free evaluation with Credit Solutions.

I would suggest taking a look at each option and seeing which would be the best for you.  My total credit card debt may make debt settlement or bankruptcy a viable option because it is so high, whereas if you have a much smaller amount, say $5,000 to $10,000 it may not be the same case.  I would not file bankruptcy for under $20,000 or $30,000 as that seems not a good exchange to ruin your credit for up to 10 years.

Get your free evaluations and see which one is the best debt cures:

Legal Helpers

Credit Solutions

Thanks for reading!

-Adam

Debt Cures Reviews

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Perform your own Debt Cures

Hello-

Many people say they already know what’s in Debt Cures, that they’ve read it before or the information is freely available online or in the library.  While this is true to an extent, you have to spend a lot of time searching for it.

That does not mean you cannot perform your own “debt cures.”

The first step to reducing your credit card debt is to reduce your interest rates.  You need to make sure you are getting the best interest rates possible.  To do that you need to make sure there are no errors on your credit report and that you have a good credit score.  Check your credit report and score free

Once you know your credit score is good and your credit report is free of errors and that you are making your payments on time, you need to negotiate the best rates from your current credit card companies or threaten to go with other credit card companies that will offer you the best rates.

For some people debt consolidation is the way to go to eliminate debt, however not every one qualifies or needs to go that route.

What you can do is try and put all the debt onto one card and make massive payments on that one card to get your debt paid off.

I read an article in October’s Readers’ Digest and it talked about not spending any money for 30 days.  Can you even imagine that?  How hard would life be if you could not spend money on clothes, movies, eating out, even gas for 30 days.  It wasn’t easy but the family was able to save $2,000 over the 30 days and they managed not to kill each other.  One site that came in handy for the family was thriftyfun.com - a site dedicated to frugal living and saving money.

What kind of lifestyle changes would you be willing to do for a few months to save up extra money to get your credit cards paid off?

And then once you are debt free, you can live on cash and be happier without all the things you thought you needed to live happily.

Another route to take is debt settlement, there was a recent article in the Chicago Tribune about debt settlement and how one debt settlement company was able to reduce a family’s credit card debt by 50%.  The only catch was that they do charge a fee.  And it does terrible damage to your credit report and score.  So if you have no concern about how you get out of debt other than bankruptcy then you should talk to a debt settlement company and get a free debt settlement quote.

There are several ways to eliminate debt.  You can use books like Debt Cures or The Total Money Makeover to assist you but they are not required.

Have a good weekend!

-Adam

Debt Cures Reviews

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30 days to getting out of debt

Hello-

Since starting this site about Debt Cures and offering reviews of Kevin Trudeau’s Debt Cures book, I’ve done research and learned much more than I already knew about what it takes to get out of debt and improve your credit.

Starting today, I wanted to offer you some of what I have learned.  I have compiled the tips I’ve learned and articles I’ve found and put them all in a 30 day course and I wanted to give it to you for free.

All you have to do is enter your name and email address and your biggest question or problem about getting out of debt or improving your credit and you’ll start getting the free lessons.

Then, for the next 30 days, you will get an article or tip on managing your debts, improving your credit, starting a budget and sticking to it, and saving money when you think you have nothing left in your paycheck to save.

So just sign up below and confirm your email address and you’ll get the first lesson.

Thanks and have a great day!

-Adam

Debt Cures Reviews

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Turn your debt problems into wealth

Hello-

By visiting this site you want to know more about Debt Cures and Kevin Trudeau. If you check out the reviews on Amazon, you will see that this book has many negative reviews. That’s not a good sign if you are trying to get out of debt.

However, there are other products and courses available that can help you eliminate all your debts and actually turn them into wealth.

One such course that over 1 million people have used to eliminate their debts is from a gentleman named John Cummuta. He has created a course called Transforming Debt into Wealth.

Many people who visit this blog say they have no extra money to pay off their debts. John has been able to show any one with any income level how to pay off all their debt with their current income.

Click here to learn more about transforming your debt into wealth

What I believe the best part of John Cummuta’s Debt to Wealth course is that he offers a double your money back guarantee.

Check out the guarantee:

“I’m so confident in the value of my Transforming Debt into Wealth® course that I will give you an entire year to try it and if you aren’t satisfied for any reason at any time during that year I will pay you the $39.95 back PLUS another $39.95.

Try getting your money back from Kevin Trudeau and his Debt Cures back. It’s like pulling teeth.

So if you want a course that has been proven for over 5 years to help people get out of debt with their current incomes, check out Transforming Debt into Wealth

Have a great day!

-Adam

Debt Cures Reviews

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