What are other options to bankruptcy to get your debt restructured, especially heavy credit card debt?
October 2, 2009 
3 Comments
This is related mainly to my personal business, and personal finances. Any help on this, or an organization to help with credit card debt consolidation, would be greatly appreciated.
By: PizzaTony
About the Author:
By: PizzaTony
About the Author:
U kunt allen consolideren u wilt en geld aan een bedrijf betaalt dat aanbiedt om uw schuld kansen te verminderen is u zal verschuldigd zijn het nog en zal zijn uit heel wat geld u het betalen onderaan uw schuld kon gebruikt hebben.
De dingen u kunnen doen:
Snijd hen annuleren hen niet omhoog enkel einde gebruikend hen NOW.
Verklaar roep elk van uw Rekeningen van de Creditcard en aan hen dat u in financi
If you're really deep in debt, you can save up some money…several thousand. Then call your credit card companies and say you want to settle your debt. They will accept because they will see that you have so much debt and you may file for bankruptcy if they don't settle with you.
Debt consolidation or "restructuring" companies usually do this same thing except they contact the credit card companies themselves. They also tell you to stop paying your credit card companies and pay them instead.
So basically stop paying your credit card companies, save the money (DON"T SPEND IT). Then call your credit card companies and offer to settle for whatever you have saved. Many times you can settle for 25-50% of what you owe.
Stay away from settlement companies. They take your money and let all your accounts go 90 days past due. Then they offer lowball settlements under threat you will file bankruptcy. Not only does this trash your credit, but many credit card companies refuse to play and will immediately file suit. The settlement company won't help with the lawsuit either.
Have you considered credit counseling? Check here for a NFCC member near you: . These are legit, non-profit companies that offer debt management programs for a nominal fee, if you qualify. They don't settle your debt. They negotiate lower interest and payments so you can pay off the debt. While in the program, it is noted on your credit. However, upon completion, the notation is removed and you have a good payment history and decent credit.