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

Make 4.27 A Month Creating Hubpages - Free Extra Source Of Income For Debt Cures

Hello-

One thing many financial gurus talk about all the time is creating an extra source of income to help you pay off your debts. They talk about cutting lawns, babysitting, doing odd jobs - basically anything to help you bring in extra cash to pay your bills. I’m a big fan of creating multiple streams of income. One source of income is creating Hubpages.

Hubpages is a free service that allows you to create one page sites about almost any topic you want and get paid royalties from companies like Google, eBay, and Amazon.

I took the Hubchallenge a couple months ago and set out to create 100 hubs in 30 days. I ended up making 101 and was pretty pleased with the results. Take a look at my Google Adsense earnings from last month:

hubpages making money

That’s not bad for one month’s work, working part time to create hubs.

I also made another $168 in affiliate commissions so that added up to $594.27 for the month of June 2009 for my new created Hubpages. As they age and get indexed higher in Google, Yahoo, and MSN or Bing, the earnings should increase.

So how is this a debt cure for you?

You can signup for Hubpages and create hubs on topics you like to talk about and earn some extra money from Google, eBay, and Amazon. You need to signup for all these accounts to start earning money but that is easy to do. You can do it from within the Hubpages console.

Since I am very familiar with credit card debt and how to get out of debt and debt cures, I wrote many of my hubs around those topics and other financial topics.

Each hub I created took me anywhere from 30 minutes to an hour to create. You should write at least 400 words or more on each topic. You can get free stock images from http://www.sxc.hu/ to spruce up your hubs.

Take the challenge yourself and see if you can create at least 1 hub a day for the next 30 days. You could end up making an extra $200 to $600 a month working part time from home.

And you know what the best part is? I don’t have to mess with those hubs again and they will still be earning me money month after month after month.

When was the last time you got paid more than once for your work?

Signup for Hubpages Free and start making extra money from home. It’s one of the best debt cures you can find and it won’t cost you any money.

What are your thoughts?

-Adam

Debt Cures Reviews

Debt Cures - Eliminate All Your Debt Problems In 12-18 Months

Hello-

Talk about Debt Cures, how would you like to be free from credit card debt in 12 to 18 months? Take a moment to read this post and you can see how it is possible.

Here’s why you want to read this. You can drastically cut down the years you will be paying on your credit card companies. If you are struggling to make the minimum payments, you can be paying on the same debts for 20 years or more. You will not be able to get ahead in life - no saving for college, no saving for retirement, no saving to even go on a vacation.

Here’s what you can get from using debt settlement and debt negotiation and why you want to use the resource I recommend. The creator of the Zipdebt program was an industry insider and helped start several debt settlement companies. He used to work helping people like you settle their debts and would get paid on how much he saved his clients.

Nowadays most of the debt settlement companies charge you their fees upfront and do not base their fees on how much they save you.

So Charles Phelan decided to teach his system and tell people how they could save thousands of dollars in fees by settling their debts themselves. He has helped thousands of clients save millions of dollars over the years.

Here’s how debt negotiation and debt settlement work. Once you start falling behind on your credit card payments, your credit card companies will be more willing to deal with you and offer you a settlement to cover the entire balance you owe.

Here is the simplified step by step process.

You put money into a settlement fund away from your regular checking or savings account. These are the payments you normally send to your credit card companies.

You wait until the banks are ready to make a deal with you, it can take 3 to 6 months.

You settle your debts for a fraction of what you owed.

You get out of debt.

You may be skeptical about all this and that is perfectly normal. But what if it all works? What if it is possible to settle your credit card debts and eliminate all your debt problems in 12 to 18 months?

What if you could be debt free?

What if you took a chance and took this course and it worked? You would save thousands of dollars in wasted money on interest charges and you would actually have some money left over in your account at the end of the month. Wouldn’t that be a great feeling?

Get Zipdebt now and get rid of all your credit card debt problems.

If you wait to act on this the chances are you will never do it and you will be stuck in debt for another 10 to 20 years struggling to get by.

Do it now and become debt free.

Thank you for reading,

Adam

P.S. Eliminate all your debts. This is one of the best Debt Cures I have learned about since starting this site. You owe it to yourself to check it out.

Debt Cures Reviews: Zipdebt vs Credit Solutions

Hello-

Edit 4-28-2009: Credit Solutions was recently sued by the Texas Attorney General. I am no longer recommending them. To learn debt negotiation on your own use Zipdebt. To get professional debt settlement help, use Debt Shield.

When you want to eliminate your debt, you have many choices, or “Debt Cures,” as it were.  Bankruptcy and debt consolidation are ruled out because they can cause more trouble then they are worth.  So that leaves paying it all off yourself which can cost you several thousand dollars in interest if you are paying the minimums or using debt negotiation.  The leader in debt negotiation is Credit Solutions.  If you want to do it yourself, there is a training course called Zipdebt.

Doing your own debt negotiation can save you thousands of dollars.  However, you have to go through the course and learn the process before you can start settling your own credit card debt with a settlement letter. When you go with a debt negotiation company like Credit Solutions, you immediately tap into their experience and expertise and can get the process started sooner.

The biggest difference between doing it yourself and hiring a debt negotiation company is the cost. While debt settlement can cost you several thousand dollars in fees, doing it yourself will cost you $400 no matter how much debt you have to settle.

The best option is to do it yourself because no one will look out for your best interests better than you will.  For this reason I would recommend you take a look at settling your own credit card debt with Zipdebt.

But I also realize that not everyone has the time to learn the process and is already stretched for time as it is working as much as you can just to pay the bills and this is why Credit Solutions would be the choice for you.

Whichever method you choose, debt settlement is the best way to get quick debt reduction, debt cures, without filing bankruptcy and without having to use debt consolidation.

Choose your option below:

1. Zipdebt

2. Debt Shield

Thank you for reading,

Adam

Debt Cures Reviews

Recommended Resources: