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You Do Not Have To Lose Your Home To Get Debt ReliefThough it is not common, you risk losing your home if you file for Chapter 7 bankruptcy. Under that chapter of bankruptcy, your assets are liquidated (sold off) to pay your debts. This could include your house, probably your most expensive, important and valuable asset. Our debt-relief service can get you debt free in three years or less without the possible devastation of a Chapter 7 bankruptcy. Credit Solutions settles your debts for you without selling your property. Our debt-relief service works out a lower credit card debt balance with your creditors. You reduce your debts through our debt-relief service – typically in 12 to 36 months. If you want to resolve your debt faster, Chapter 7 bankruptcy is an option, but with a staggering price. The bankruptcy court sells your assets through Chapter 7 bankruptcy. It is the fastest way to wipe out a majority of your debt. The court appoints a bankruptcy trustee who is assigned to round up as much of your assets as possible and sell them to pay your creditors. The bankruptcy filer can usually exempt a home from being sold to pay for debts (although the rules vary by state). Even though you could keep your house and not repay any money under Chapter 7 bankruptcy, the bankruptcy trustee can go after other assets. Home-equity loans are another popular method marketed as a way of getting money to pay debts. The loans subject you to more interest rates and people lose their homes if they don’t pay the loan on time. Our debt-relief service is a more reasonable method to address debt. We encourage you to save money instead of relying on credit for emergencies. Our debt-relief service requires you to establish a savings account. The account will hold money to pay your creditors. This account will accrue interest that belongs to you alone. Our relationship with creditors gives you a better chance at a satisfactory settlement. When you use our debt-relief service, your creditors know you are serious about paying them. More than 70,000 families have trusted us with their finances, and we manage more than $1.2 billion for our clients. Author bio: Brian Williams, a graduate of the University of Texas at Arlington, has 11 years’ experience writing and editing at daily newspapers in Texas. Having worked his way through college and experiencing the transition to professional life, Brian understands how credit affects people’s lives. For more articles by Brian on credit card consolidation and living debt free, go to http://www.creditsolutions.com. Credit Solutions is your alternative to debt consolidation.
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