Lets start with bankruptcy from talking to many people the first thing you need to do is hire a lawyer this will cost you at least $2500.00. Now if you don’t pay this lawyer all at once they wont lift a finger until you pay the full amount.In this economy that’s a lot of money but it doesn’t end there are court cost and lets not forget your time every ones time is valuable. the total cost for this will be around $7500.00 or more. It doesn’t end there if you file bankruptcy it will effect you credit score for 7 to 10 years and every thing you buy on credit will cost a lot more with higher interest rates.
Debt consolidation or credit concealing this was started by Bank of America in 1981 it was suppose to stop people from filing bankruptcy. They will call you and tell you they are a nonprofit organization but this is not true they are working for the credit card companies. These companies can do very little if anything for you except to lower you interest rate you will still have to pay back every thing you owe. If you take this route it could cost you 1000’s of dollars more then you owe and it will effect you credit score just like a bankruptcy. You are putting you financial future in someone elses hands can you afford that?
Debt settlement this will cost you the most. If you sign on with one of these companies the first thing they want is a $399.00 set up fee. Next the first 3 monthly payments and it doesn’t matter if they are $300.00 or $3000.00 dollars the first 3 monthly payments goes to the settlement company. Then there are the administrative fees that run between $60.00 to $100.00 dollars a month THEN they will charge you 29% of what they save you. If they save you $5000.00 it will cost you $1450.00 you can see this will cost you an arm and a leg to get you out of debt. This way will cost you at least 5000.00 or more
Stop Debt America The good news is there is a way to settle your unsecured debt on your own and save 40% to 60% and you can do this in 12 to 36 months and spend only 1 to 2 hours a week doing it.BUT you need to know the rules thats where Stop Debt America fits in. With Stop Debt America you will have all the tools to beat the collection companies at there own game and save you thounds of dollars. Visit our web site and find out all you need to know about beeting the collection companies at their own game.Visit our web site to see just how easy it is with a DO-IT-YOURSELF settle program at www.stopdebtamerica.com. you can do this for 29.95
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