What Should i Do with my debts

Hi whattodo

I have already answered your question in the following URL:

http://www.debtconsolidationcare.com/forums/about2988.html

Hope you find the information useful.

Regards
Peter

Whattodo

Welcome to the forums. I hope that you recover from your present financial situation very soon. But I would never suggest you to file for bankruptcy as it is a definite negative remark which will remain in your credit report for a period of 10 years. This will further create financial difficulties in acquiring new credit.

Alternatively, I feel that you should think about settling your debts with your creditors. Although it is a last resort before filing bankruptcy but it has less devastating effects than filing bankruptcy.

The creditors will settle your past debts with one single reduced amount and working it with a debt consolidation program will involve professional help. Settlement will help you to reduce your debt by 30% to 60% and it will provide you the flexibility to repay your debts within your chosen time span.

Thus, a debt settlement program will help you to combatively improve your credit rating within 2 to 4 years than filing for bankruptcy.

You can acquire more knowledge about the debt settlement program by reading this page.

http://www.debtconsolidationcare.com/debt-settlement.html

The consultant will do the needful negotiations with your creditors and you will be offered easy monthly installments which will be suitable to your present financial position. At any point of time later, if your financial position improves, you can contribute more to clear this debt faster.

Please let me know if I can offer some more help about this.

Regards
Roxette