No Endorsement for Bankruptcy

My tentative advocacy of Chapter 7 (in hopeless cases) does not stand as a billboard for bankruptcy lawyers. My intent is to warn against the ill-fated, debt-repayment schedules that entrap so many people. Such folks continue to struggle financially for years, yet see no light at the end of the tunnel.

Remember, most reputable not-for-profit credit counseling agencies are funded by banks. Although these organizations employ dedicated people who would like to help you, their jobs depend on encouraging borrowers to elect partial debt repayment rather than Chapter 7. As to the disreputable for-profit and ersatz not-for-profit debt management companies, they reap credit repair fees by taking a slice of your monthly debt management payments. The debt counseling industry does not gain when debtors file Chapter 7.

If you are (or become) overwhelmed by debt, weigh your choices and select the one that advances you to where you want to go most quickly and surely.

Avoiding Credit Card Disaster

Avoiding Credit Card Disaster

People who struggle with saving money and getting out of debt will find these things in common: They don't know how to stop blaming. They have no idea where their money needs to go! They don't know they need to forget the home equity line. They also don't understand they need to sell some investments. Many more problems untold. Well don't worry, With the strategies that I’m about to let you in on , you will have no problems when it comes to understanding how to get out of credit card debt.

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