Debt Settlement: A Solution To Your Unmanageable Debt

The following are some of the best indicators that you are in debt beyond your means:

1. You’re only paying the bare minimum payment on your credit cards each month.
2. You have fallen behind on any of your monthly payments to your creditors.
3. You don’t have three months’ worth of spending set aside for “rainy days.”
4. While your children race towards the ice cream truck as it passes through your neighborhood, you run in the opposite direction.
5. You don’t have two months’ worth of spending set aside for an emergency.
6. Because they phone you so frequently, your debt collectors have you on speed dial.
7. You feel as though there are too many days between paychecks.

What Are Your Options If You Need To Get Out Of This Financial Hole?

• File bankruptcy.
  Just keep in mind that a bankruptcy might last up to ten (10) years on your credit report.
• Ignore your creditors in the hopes that they would disappear.
  They’ll most likely sell your debts to a debt buyer, ruining your credit in the process.
• Hire Us To Help You Resolve Your Debts.
  Let’s work out a plan with your creditors that allows you to pay a lower amount in installments over a longer period of time.

Examine Your Alternatives

Although there are situations when bankruptcy is the best option, we believe that debt settlement is a better option for many people.

• Debt Settlement

1. 1. 1. Credit harm is less severe than bankruptcy.
      2. It demonstrates to future creditors that you are willing to pay what you can. There is no judge, court, or trustee involved; just the creditor and your lawyer are involved.
      3. There is no public record of your bankruptcy filing.
      4. You are in charge of arranging your own transactions.

• Bankruptcy

1. 1. Chapter 7 can be on your credit report for up to ten years, while Chapter 13 can stay on your report for up to seven years.
   2. Some of your assets may be entrusted to a trustee.
   3. Your bankruptcy must be approved by the court.
   4. Your bankruptcy filing is public information.

If you are having trouble with any of these areas and need help, we can help. Please send an email to help@creditrepair.com