Debt Relief Options

Despite what you may have read about personal bankruptcy, it is NOT true that people file for bankruptcy to take advantage of their creditors. In their landmark book The Fragile Middle Class: Americans in Debt, Teresa Sullivan, Elizabeth Warren, and Jay Westbrook, professors who have been recognized by the American Bar Association for their work on the subject of consumer credit, studied in detail the reasons that people file for bankruptcy. What they found may not surprise you, if you found this website: Most Americans who file bankruptcy do so because of lost jobs, divorce, or medical bills, not because they were using credit cards irresponsibly. For most who file, the stigma and shame associated with bankruptcy is a real burden, not the easy process advertised by some bankruptcy attorneys.

If you're having financial difficulties and you're thinking of bankruptcy as a way out, consider these facts first...

Bankruptcy does not wipe your credit slate clean and give you a "fresh start."
When you file for bankruptcy, it stays on your credit report for up to ten (10) years.
You'll have trouble getting credit. Creditors seldom extend credit to someone who has filed for bankruptcy. That's true whether you file for straight bankruptcy under Chapter 7 or if you file under Chapter 13 with the intention of repaying your debts.
You'll have difficulty getting any type of loan – for a car, a home, credit cards, education, personal needs, etc. If you doubt this... Contact any creditor.

There are options other than bankruptcy

For special debt counseling contact American Consumer Credit Counseling - its purpose is to help consumers work out their debt problems. There IS an Option To Avoid Bankruptcy... Click here To Find Out How!

To Reduce Your Credit Card Payments by 50%, visit LowerMyBills.com. They offer a variety of debt relief products, including mortgage refinancing.

Debt Advocates of America
This debt management program is the safest and easiest way for consumers to become debt free. They work exclusively with approved non-profit credit counseling agencies to secure you the best possible interest rates and lowest monthly payments possible. Their credit counseling companies currently help over 1 million consumers repay their unsecured debt while saving thousands of dollars in unnecessary interest fees.

They can help consumers, whether past due or current, design a payment plan that is right for them. They can consolidate all your unsecured debt such as credit cards, medical bills, unsecured loans and student loans into one lower monthly payment.