Many times bankruptcy is the first method sought to relieve debt. Although a suitable option for some, bankruptcy often is not best option available.
Is It Time For You To Seek An Alternative To Bankruptcy?
If you can answer yes to 5 or more of the following questions then we recommend that you consider a debt settlement program. Every case is different, please contact our Debt Counselors to discuss your options.
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• Have you depleted your savings trying to pay down debt? |
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• Is worrying about money and debt keeping you awake at night? |
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• Are you barely able to manage the minimum monthly payments on your credit cards? |
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• Are you receiving debt collection calls? |
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• Do you avoid opening statements because you're afraid to read them? |
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• Are you unsure of how much you actually owe? |
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• Do you rely on credit cards for everyday purchases of necessities such as groceries, gas, etc.? |
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• Are you spending more than 20% of your income on credit card payments? |
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• Do you have more than 3 credit cards that carry balances?
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• Have you lied to your friends or family about your financial situation? |
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• Have you hidden statements from your spouse or significant other? |
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• Do you make your monthly credit card payment and then immediately spend that amount or more? |
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• Are you maxed out, or nearly maxed out, on any or all of your credit cards? |
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• Do you use your credit cards for cash advances? |
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• Have you bounced checks? |
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• Have you been turned down for credit? |
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• Are credit cards your sole method of paying bills? |
Bankruptcy Alternatives
Many people choose bankruptcy as a last resort. Bankruptcy carries long term credit and employment implications that many people view as unfavorable. Some alternatives to bankruptcy include consumer credit counseling, refinancing your home, debt consolidation loans, and debt settlement.
Debt settlement is a process that negotiates a settlement of unsecured debt typically for a fraction of the balance owed**. Debt settlement is an attractive alternative to bankruptcy whereby you are paying an agreed upon settlement that is a significantly less percentage of the amount owed and your credit report will not bear a dreaded bankruptcy, thereby helping you restore your credit in a shorter amount of time. Our settlement programs are normally completed within 36 months helping you to relieve the tremendous amount of stress commonly associated with unmanageable debt and move forward with your life.
To learn more about bankruptcy alternatives and Debt Settlement One programs, please contact our Debt Counselors at 866-245-3073.
**Individual results may vary and are based on the ability to save funds and successful completion of the program terms. Debt Settlement program does not assume or pay any consumer debts, and does not provide tax or legal advice. Program not available in all states. Read and understand all contract terms prior to enrollment.
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