Debt relief is the question, but what's the answer? If you're between a rock and a hard place with your finances, how do you squeeze yourself out of the crevices of debt? Is it time you declared bankruptcy or is there another, viable, alternative? Quite possibly you're in a position to work through your debts rather than having to declare bankruptcy.
Bankruptcy is a drastic, last ditch effort, and can cause future ramifications to your life and your lifelong ability to maintain a credit line.
Credit history may be what your credit becomes in a bankruptcy - your credit is history.
Long term financial outlooks can be negatively affected by a declaration of bankruptcy, but there is another, quite legal, quite viable, and possibly much more attractive, alternative to bankruptcy: ~Debt settlement as an alternative to bankruptcy.
You want to pay off your debts versus declaring bankruptcy.
You want to admit the situation you've found yourself in and you also want to take responsibility for it.
If that's the case in your quest for debt relief, debt settlement may be your alternative.
Debt settlement is a process where you enlist the aid of a settlement company to take on, on your behalf, the credit card companies you owe and establish a negotiation with them to settle your debts.
Professional debt settlement companies are trained to barter for your debt relief and have worked the process before so they know the ropes and can even settle your debt for less than you owe.
~Legitimate debt settlement - Bartering is a perfectly sound way to go about debt relief.
You owe that, but you can afford to pay this.
Credit card companies, in hopes you won't file bankruptcy and receive nothing from that process, are willing to entertain and act upon this suggestion of paying back your debt at a lesser amount.
Settlement companies are the current method the credit card companies use as a third party negotiator.
They've worked with them before and a legitimate settlement company may be one you want to work with to barter your way to debt relief.