• Lower your monthly payments
  • Reduce stress and live your life
  • Avoid personal bankruptcy court

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,


Debt Cures Reviews

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