This Article is About
avoiding bankruptcy
credit card debt
several different ways
last option
debt payments
consolidation loan
debt settlement
debt relief
credit rating
Credit Solutions To Avoid Bankruptcy
Join 1000's of Authors at StreetArticles Today!

It is a tough place to find yourself in. More debt payments then income. Struggling to make your payment scedule is a full, time consuming, emotional rollercoaster that never stops. Wheatther you have reached the point of creditors constantly on the phone, or just beginning to fall behind in payments. If you know already that the situation is not going to get any better. Now is the time to consider alternatives. The road that lead you here is not important, what is important, is what can be done about it.

Debt relief comes in several different ways. If things are not to bad, and you have some equity in your home, you could go for a consolidation loan. But if all avenues of credit are exhausted, then you need a credit councillor. Credit councillors, can offer more then just councilling on how you're spending your income. They can offer credit solutions, to consolidate all your credit card debt. Stop your creditors from coming after you on the phone and asking for payments.

Avoiding bankruptcy is possible. A credit councillor may set you up with a proposal to creditors. This lumps all of your credit card debt into one monthly payment. Less then the total of what you were paying to all of creditors combined. Lessens the time of being unable, to obtain credit. Also keeps your credit rating from being completely destroyed. A proposal to creditors, may effect your credit rating for 5 years, but bankruptcy will last up to 9 years.

The thing to do, and where to start, is to talk to someone. Don't be afraid to share your problem with a credit councillor, you may be pleasantly surprised, of just how much they are on your side. Once you give them control of the problem, all the anxiety you had over your credit problem, just goes away. They handle all of the debt settlement for you, and any communication with your creditors.

Take a load off, find out what your options to bankruptcy are. Because bankruptcy, should be your last option.

Written and submitted by J. A. Rawles. Bankruptcy can be alot messier then you think. You could loose more then you thought you would. Keep yourself as safe and secure as you can.

Street Talk

No comments present
You May Also Like
Avoiding Bankruptcy – What Are The Advantages?
Not long after the bankruptcy reform in 2005, bankruptcy filings fell dramatically. But starting in 2008, business for bankruptcy attorneys became good again with filings increasing at an alarming rate. That’s bad news for consumers. Many people view bankruptcy with a far too casual attitude. They think that they can…
By: Lacey Wolf in  Finance  >  Bankruptcy   Jul 12, 2012  
  Likes: 4

Tips on How To Avoid Credit Card Debt Lawsuits
Charges in relation to CC debt are usually caused by ignoring the summons. If debtors continuously ignore the court summons, it gives junk debt buyers the reason to go after them and collect the debt. Junk debt buyers and collection agencies usually expect an easy victory with the court ruling…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 08, 2012  
  Likes: 1

How To Answer A Summons for Credit Card Debt
A credit card company may file a lawsuit against delinquent borrowers whose accounts are substantially past due. If you are a subject of a lawsuit, you will receive a court ordered summons. Summons is a notification that you have to appear in court. A summons may be served by the…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 13, 2012  
  Likes: 3

Sued For Credit Card Debt? Don’t Make A Payment
Dealing with credit card lawsuit that is out of statute? If you are one of the thousands of Americans who are facing credit card lawsuit for unpaid debts, it is important to know the rules your state and local laws you can use against abusive junk debt buyers and/or collection…
By: Vivienne Knoxville in  Legal  >  National State Local   Jun 13, 2012  
  Likes: 1

Credit Card Debt Basics: On Debt Responsibility
It’s not surprising that many debt collection companies will try to take advantage of grieving families to cash in on a deceased’s account. In fact, some do call up a grieving family member and would try to use the deceased’s name to make their kin pay for the outstanding balance.…
By: Vivienne Knoxville in  Legal   Jul 31, 2012  
  Likes: 0

Got Served A Summons for Credit Card Debt? Don't Call Your Creditor Just Yet!
Getting served a summons for credit card debt is definitely a stressful situation and often times; it leaves debtors in confusion as to what steps they need to take to resolve the problem. Unfortunately, many will try to contact the collection company or collection attorney and try to work out…
By: Vivienne Knoxville in  Legal  >  National State Local   Apr 11, 2012  
  Likes: 3

7 Ways To Eliminate Credit Card Debt
Debt tends to be something that many people get into very easily, so they eventually look for a good debt solution to relieve the monetary stress they have caused for themselves. Unfortunately, credit card debt is much easier to get into than out of since getting into debt usually means…
By: David Dicristo in  Finance  >  Debt Relief   Sep 03, 2012  
  Likes: 0

Credit Card Debt: How To Avoid The Cycle Of Debt
The numbers of people who are facing mounting credit card debts are on the rise. While it’s true that credit cards have numerous benefits, it can cause one’s financial situation to spiral out of control quickly if he or she is not able to use credit cards responsibly. Because credit…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 08, 2012  
  Likes: 0

Credit Card Debt Basics - On Debt Responsibility II
Receiving a collection call for a deceased family member’s unpaid balance does throw someone off the loop. The first thing that comes to mind when receiving a debt claim after recently losing a family member is if you are really responsible for it or not. Unfortunately, some debt collectors are…
By: Vivienne Knoxville in  Finance   Aug 05, 2012  
  Likes: 0

Credit Card Debt: Lawsuits, Procedures And Payment
Old credit card debts have to be settled right away otherwise, it can cause negative impact on your credit score and history. Worse, creditors could file a credit card lawsuit if the debt is not repaid for long periods. The good news is, it is possible to repay old credit…
By: Vivienne Knoxville in  Legal   Aug 27, 2012  
  Likes: 0

When A Summons for Credit Card Debt is Unanswered
If you did not file an answer to the summons for credit card debt sent by your creditor within the given time, usually 20 days in most states, your creditor will win the case by default. Once they win the case, they do not waste time, collecting the money as…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 09, 2012  
  Likes: 0

How To Minimize Credit Card Debt
Unpaid credit card debts are a lawsuit waiting to happen. Save yourself from a lot of headache and learn what you can do to reduce your credit card debt quickly and efficiently. Check The Statements Not only should you check your credit card statement but also your bank statements. The…
By: Vivienne Knoxville in  Legal  >  National State Local   Mar 16, 2012  
  Likes: 0

Is Debt Consolidation A Good Idea for Credit Card Debt?
Yes, or well, the more accurate answer is that it certainly can be. It depends on how you handle the debt consolidation process through to the end. Debt consolidation is a process where you get some new financing and use it to pay off all of your old debts, in…
By: Jennifer4 in  Finance  >  Credit   May 30, 2012  
  Likes: 1

How to Fight A Credit Card Lawsuit: Answer Your Request for Admissions
If you are facing a possible lawsuit from unpaid credit card debt account, it is important to learn how to fight a credit card lawsuit. You’d be surprised at how easy it is. Of course, you need to remember two things when learning how to fight a credit card lawsuit,…
By: Vivienne Knoxville in  Legal  >  National State Local   Apr 03, 2012  
  Likes: 2

Debt Collectors: Rising Complaints For Abusive Collection Tactics
According to the Federal Trade Commission, gathered by the Consumer Financial Protection Bureau, debt collectors have the highest number of consumer complaints. Both the Consumer Financial Protection Bureau and the Federal Trade Commission gathered all data and found that debt collectors routinely violate the FDCPA for their aggressive and unsavory…
By: Vivienne Knoxville in  Finance  >  Credit Tips   Jul 12, 2012  
  Likes: 0

Article Views: 2713    Report this Article