The credit boom and subsequent credit crunch of the last decade have left many Americans with an overwhelming level of debt that they have no real means of ever paying back. This will no doubt have a contributory factor in the 20% rise in personal bankruptcy filings witnessed during 2010. If you are one of...
Tag: debt consolidation
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Should I Trust My Lawyer’s Advice on a Bankruptcy Counseling Firm?
Bankruptcy Counseling vs. Debtor Education When a person files for bankruptcy under the bankruptcy code, he/she is required to participate in a pre-bankruptcy counseling course called credit counseling. After a bankruptcy has been filed, the person must then go through a course called debtor education to prove to the bankruptcy court that he/she is committed...
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Eliminating Your Debt in the Most Convenient and Creditworthy Way
Debt consolidation has always been beneficial over bankruptcy as far as creditor’s interest is concerned. Whereas with bankruptcy, creditors get nothing or very little from the debtor. The debt consolidation system shows positive and systematic money management in favor of them. Debt consolidation beneficial for both: Debt consolidation in turn could be extremely advantageous for...
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Credit Card Debt – Five Signs You Should Seek Help
The Average American has credit card debt balances that are quickly approaching ten thousand dollars. With soaring interest rates increasing the principal substantially, it is little wonder that more and more debtors are filing for bankruptcy every year. Fortunately, there are several debt relief alternatives to bankruptcy that can help you pay off your unsecured...
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