Are there any options to bankruptcy? If you are in over your head with debt and can't see the light at the end of the tunnel, you may want to consider filing a bankruptcy. Bankruptcy is a legal way to get a fresh start on life when things aren't going to well. There are consequences to filing a bankruptcy. A BK can stay on your credit report for up to ten years and you will probably pay more in interest for consumer purchases if you can even get credit at all.
What If I don't want to file for bankruptcy? Are there any other options to bankruptcy?
One of the few options to a BK is debt negotiation. I will tell you that you will need to put your time in. Debt negotiation is a process and you will need to be patient. Your creditors may not be willing to back off until they are paid. If you are willing to play the game you can save yourself a lot of money by doing a debt settlement program. Most consumers save anywhere from 40-60 cents on the dollar without any long term negative effects on their credit report.
How do I start a debt negotiation program?
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