Avoid bankruptcy through a debt settlement program
Filing bankruptcy should be your last option to consider. If you decide to file for bankruptcy your credit will be negatively affected for a period of 10 years. This can lead to complications when you want to get a mortgage, a loan, or even a job. Most important of all, it also becomes a public record. This without forgetting about the court and attorney expenses may be very high.
Please note that new laws passed in 2005 make it more difficult to file bankruptcy and provide forgiveness of past debts. In SusDeudas.com we recommend as an alternative to bankruptcy what is known as "Debt Negotiation" or "Debt Consolidation."
Debt Settlement: The best way to avoid filling bankruptcy
The debt settlement program is a negotiation process similar to debt consolidation with the difference that a highly recognized professional firm in Debt will help you get out of debt and thus avoid bankruptcy.
This firm of professionals in Negotiation negotiates with all your creditors to reduce your total debt to each one of these and so avoid having to file bankruptcy.
You will be advised by these professionals in Negotiation as to send letters to creditors asking them to not contact you, but instead to contact them directly. While professionals are in this negotiation process, you will undertake to make some monthly payments to an account in your name. Since these payments go directly to an account, your credit will suffer during the process of debt negotiation.
SusDeudas.com recommends this program to anyone who is behind in their payments and has the credit damaged. The main purpose of this program is to help you avoid filing bankruptcy, get you out of debt as quickly as possible and then work with you to repair and restore your credit.
When negotiating your debt, you not only avoid filing bankruptcy, but also:
- A debt reduction to 55% of the original balance may be paid between 1 and 3 years and make one low monthly payment.
- Get your primary objective of reducing and paying off your debt quickly and then work to repair and restore your credit.
- Reduce the calls from collectors.
- Once again: AVOID FILING BANKRUPTCY
Below we have included a payment table sample based on a debt of $22,500.00.
|6 Months- $ 2,101.50
||18 Months- $ 726.50
|12 Months- $ 1,070.25
||24 Months- $ 554.62
You will end up paying approximately $ 12,375.00 to eliminate your debt, and this includes the fees of professionals in negotiations.