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 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.
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.
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:
Thanks for reading!
Debt Cures Reviews