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Debt Relief - Bankruptcy Alternative
Debt Settlement, which also goes by Debt Relief and Debt
Negotiation, can be your best option as a bankruptcy alternative. Debt
has infiltrated every level of our society from the individual to the
government. Relying on credit and building credit card debt has become
unavoidable for some and a way of life for many. Without question, the
hardest hit groups have been regular low and middle-income families.
The collapse of the economy sent millions of families back years in
their financial planning, and forced thousands into bankruptcy. In
fact, bankruptcy filings have surged across the entire country.
Practical Debt Relief wants to help you fight back against the
creditors without being forced into bankruptcy. After hearing about
some of our bankruptcy alternatives, you’re going to walk away a more
educated consumer when it comes to Debt Relief options that you may
just consider a smarter choice when dealing with your unsecured debt.
We will educate you on several possible alternatives, discuss the
differences between certain options such as bankruptcy vs debt
settlement and debt consolidation vs bankruptcy
so we can provide you with the best possible alternatives to
bankruptcy available. In many cases, there will be no question
whether you should file for bankruptcy or debt settlement – the obvious choice will be to
acquire some form of debt settlement help.
Why do so many turn to bankruptcy?
There is no question that bankruptcy has become an extremely popular option for thousands of people in the United States. Many of them were caught in a very difficult spot by not having established themselves financially before the recession hit, and having their savings or income snatched out from beneath them. As a result, most turned to credit cards in the beginning to get by. Understandably, they were hopeful for some positive change that would translate into a renewed source of income or the restoration of their investments. Unfortunately, not many experienced that luck. Before long, families found themselves in the hole with $10,000+ in credit card debt. In addition, plenty of homeowners found themselves underwater with their homes and other debts that couldn’t realistically be paid off due to the economic turmoil. This sudden upturn in debt per capita led many to seek Debt Relief in the form of bankruptcy. For some, filing for bankruptcy meant all or most of their debt, and having the ability to start off with a quasi-clean slate. For others, they viewed bankruptcy as essentially being their only way out of their financial hole. Others were not familiar with the concept of using debt consolidation as a bankruptcy alternative. Unfortunately, many of those that filed for bankruptcy had little idea of all the negative consequences that come with it.
Negative consequences of bankruptcy
- Your credit will take a devastating blow that will last for years
How Practical Debt Relief can serve as your alternative to bankruptcy
The team here at Practical Debt Relief knows the hardships you have
experienced that have led you to this point. No one wants to find themselves
at a point in which they are forced to consider filing for bankruptcy.
However, as a result of some bad luck and possibly some poor decisions, you
might have had to. We at Practical Debt Relief aren’t interested in passing
judgment on how you got to this point. Instead, our goal is to help you get
yourself turned around and guide you on the path towards a debt free life.