Chapter 13 Bankruptcy Fails 67% Of The Time!

Hello-

I just finished reading an excellent blog post on the Zipdebt blog about the various success rates of the popular Debt Cures: bankruptcy, credit counseling, using a debt settlement company and negotiating your own debts. The most surprising results were that using a debt settlement company fails over 66% of the time, using credit counseling fails 75% of the time, and bankruptcy fails 67% of the time!

What does work?

Do it yourself debt settlement.

“With the ZipDebt program, within the 6-12 month coaching period, 71% of clients report full success with the program, 78% or more report being at least halfway done with their settlements, and 94% report at least one settlement.”

No other debt settlement program can claim such high success rates.

You can settle your bad credit card debts for 33.4% on average, compare that to 40% to 60% the debt settlement firms advertise.

So if you are experiencing high credit card debts and you are struggling to get by, you owe it to yourself to learn more about settling your own credit card debts. It’s the cheapest option and the one most likely to succeed.

It worked for me to the tune of $43,250 settled for $13,054 on 3 credit cards and reduced a 4th balance from $10,160 to $7778 with a 1% APR interest rate for 5 years.

This is the best Debt Cure I have found and it can work for you.

Let me know if you have any questions or comments below.

Thank you,

Adam

Debt Cures Reviews

Bankruptcy or Debt Settlement For Debt Relief?

If you find yourself under a massive load of credit card debt you have probably been looking at ways obtain debt relief. Either that or you’ve been hiding your head in the sand avoiding your creditors calls. This is not going to make the problem go away. There are two choices you can look at, one is bankruptcy and the other is debt settlement also known as debt negotiation. Debt settlement is when you negotiate with your creditors and reduce your outstanding credit card debt by 40% to 60% of what you owe.

There are several benefits of using debt settlement for debt relief over bankruptcy.

The biggest benefit is that you are not filing bankruptcy. Debt settlement is an alternative to bankruptcy. With bankruptcy, you could be forced to liquidate some of your assets such as your car and furniture to pay back your creditors. You will also ruin your credit for 7 to 10 years. Your bankruptcy filing will also be in the public record for anyone to see. And worst of all, you may still have to pay back most of what you owe over a five-year period.

Another benefit of debt settlement was mentioned earlier, you can reduce your total balances by an average of 40% to 60%. Do a quick calculation in your head and add up all your monthly minimum payments and then cut that number in half.

Now imagine paying that amount for the next two years and then being totally debt free. That is what is possible when you use debt settlement for consumer debt relief.

Do you know of a better debt cure than that? Find out more about debt settlement

What kind of debts can you eliminate?

Unsecured credit card debt is the most common. You could also settle your medical bills, your hospital bills, gas or store cards, and unsecured personal loans.

What kind of debt can you not eliminate?

IRS tax debt, alimony, child support, mortgages, student loans and car loans are unable to be settled with debt negotiation.

If you would like to save thousands of dollars in interest, late fees, over the limit fees, and other fees for credit card banks charge you and be free from your debt in half the time you thought possible, talk to a free debt counselor from the folks at Debt Consolidation Care. They will discuss your personal situation and suggest the best debt solution for your problems.

Having looked at a lot of “debt cures” and debt settlement has been the best one I’ve seen. It has many advantages over bankruptcy and it is one you should learn more about if you are struggling with massive credit card debt.

Click here for free debt counseling

Have a great day,

Adam

Debt Cures Reviews

Debt Cures or Credit Solutions

Hello-

Today, I wanted to compare Debt Cures with Credit Solutions. Kevin Trudeau talks about reducing what your interest rates are with your credit card companies, while debt settlement can help you reduce your total balances not just your interest rates.

While he does talk a little bit about it in chapter 14, doing whatever you have to do to avoid bankruptcy, he doesn’t go into that much detail.  If you want something more useful, which is one of the biggest complaints about the Debt Cures book then talk to a company for free that can help you reduce your balances and help you get out of debt faster.

Credit Solutions is the largest debt settlement company in the US.  They have customer service reps available 24/7 to answer any questions you may have.

Look at what Credit Solutions can do with a $50,000 credit card balance for example:

So Credit Solutions is a better alternative than most credit counseling programs and it is a much better option that debt consolidation. Why? With debt consolidation, you do not reduce what you owe, you only put it all under one new loan and extend the time you have to pay it off.

With debt settlement, you have a legitimate chance at reducing your total credit card balances and getting debt free within 12-36 months.  And of course it’s not free though.  Debt settlement usually costs about 15% of your debt which can get costly.

But when you eliminate your total credit card debt and get debt free in 12-36 months, you can still realize significant savings.

Compared to bankruptcy, debt settlement is the step right before you file.  Credit card companies would be more willing to settle with you and get something for your debts rather than nothing if you file bankruptcy.

Using Credit Solutions to settle your debts will lower your credit score. You have to save up money to put into a settlement fund and you cease making your credit card payments to do this.  Missed credit card payments will lower your credit score.

You have to ask yourself if you would rather have a good credit score with tens of thousands of dollars of debt or a temporary lower credit score and zero debt?

Click here to get a free consultation with Credit Solutions.

Thanks for reading and have a great day!

-Adam

Debt Cures Reviews

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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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