 
|
Prevent More DebtBankruptcy is a dangerous method of debt relief, and it creates additional financial problems for consumers stuck in debt. Our service controls debt problems without the harmful effects of bankruptcy. Credit Solutions’ expert staff is experienced in settling credit card debts for just a fraction of what is owed. Bankruptcy is merely a temporary solution to a serious problem. Credit Solutions gets you debt free. Our service does not involve asset loss, and we help consumers pay off debts with their current financial ability. Our clients don’t have to obtain a loan nor pass a credit check. Our service enables clients to eliminate debts through a cycle of saving up and setting aside money, working with creditors and paying a reduced credit card debt principal. The Consequences of BankruptcyThe consequences of filing Chapter 7 bankruptcy entail losing assets and damaging credit. When the debtor meets with creditors and a bankruptcy trustee at filing, the debtor must provide a list of all assets and obligations. The trustee reviews the list and determines the assets to sell and pay off debt. Chapter 7 imprints a negative mark on the filer’s credit record for 10 years, leaving the filer with few financial options for the next decade. Filing under Chapter 13 bankruptcy affects the debtor’s credit for seven years. Chapter 13 adjusts debts to create a repayment plan over a three- to five-year period. The consequences of Chapter 13 force the debtor to direct all disposable income toward the repayment plan. Bankruptcy law amended in 2005 restricts the debtor’s ability to hold on to assets under Chapter 13 code. Debtors wanting to retain their home must keep making monthly payments. If debtors own a vehicle loan, they must pay the full loan amount to retain the vehicle. Our Service Provides Bankruptcy AlternativeOnce clients enroll in our service, they begin setting aside money toward a fund that they’ll use to eliminate each one of their debts. Our clients build up this fund at their pace. When they generate enough money, our financial experts begin debt settlement discussions with the creditors. Through the process, we work with creditors to reduce owed credit card debt. With our service, consumers hold on to all their existing assets. In addition, by paying less money toward eliminating credit card debt with our service, consumers become debt free in a short time. Our service allows consumers to avoid the consequences and dangers of filing for bankruptcy. Contact us today for fast and affordable debt relief. Author Bio: Allison Roberts is a graduate of the University of North Texas Department of Journalism. She has experience in agency and in freelance public relations. Allison currently writes for Credit Solutions and she is completing an unfinished work of her late grandfather. For more articles by Allison, visit http://www.creditsolutions.com. Credit Solutions is offers a leading debt consolidation alternative.
|
 |
|||
