Saturday, June 6, 2015

Are These The Top 5 Ways To Avoid Bankruptcy?

Are These The Top 5 Ways To Avoid Bankruptcy?

Do you need help with high credit card debt? I know how overwhelming it can be to implement a successful debt management plan, but you're not alone and you have options because there are plenty of debt relief services available to help you.

 The problem is that the internet is chock full of information and it can be difficult to tell which source is reliable. Which can lead to you procrastinating and putting off trying to seek help altogether and that will lead to your debt rising and you'll just feel like you're digging yourself into a deeper and deeper hole.

 But don't give up!! Even if you've recently experienced a layoff, reduction in salary, unemployment, high medical bills or any other type of "life event" or hardship that may have been the cause of your credit card debt getting out of control there are still many debt relief solutions for you to look into like a debt consolidation loan, for example. Bankruptcy isn't always the answer to your high credit card debt problem.

1. Your 1st step has to be an unwavering decision to take action and stick to it. It may be a struggle to stick with it but the longer you wait the worse it'll get.

2. Mark a block of time on your calendar to sit down and write down all of your necessities on 1 list and your income on another list. *Tip- if you don't need
it for basic survival, health reasons or as a means to produce income, it is not a necessity at this time in your life. Subtract your necessities from your income and
subtract your debt from that figure. Do you have anything left to work with? Subtract 30% of the new figure and put it into an interest bearing account. Divide 
the new figure by 4 and this is your weekly budget. Even if it's just $80 which would come out to $20 a week you have to stand firm on that amount. You've
already covered the bills and necessities. 

3. Try to negotiate a lower interest rate with your creditors and if you're just a little bit behind ask the lenders if you can skip a payment and add it on to the end of your term.

4. Create an additional source of income which is easier to do now more than ever.

5. Consult with a debt relief counselor, select one that requires no obligation and provides a free quote. If your debt is $10k and above, get your free consultation by calling the number below.

**Call Now: 844-435-6150
Mon-Thu :  9:00 am to 11:00 pm
Fri :  9:00 am to 9:00 pm
Sat :  10:00 am to 8:00 pm
(all times Eastern)

You may encounter a hurdle or two until things get better but just keep trying and you'll make it over. 

#DebtManagement #DebtConsolidationLoans #DebtReliefSolutions
*Disclaimer-Always consult with an accountant or attorney for legal & financial advice.
This article is provided for informational purposes only.
I will earn a small commission for any completed transaction from the links provided in this article and that earned commission is not at any additional cost to you.

**For residents in Alabama Alaska Arizona Arkansas California Colorado Delaware District of Columbia Florida Hawaii Idaho Illinois Indiana Iowa Kentucky Louisiana Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Pennsylvania Rhode Island South Dakota Tennessee Texas Utah Virginia Washington Wisconsin Wyoming

No comments:

Post a Comment