Credit card freedom takes just 1 debt solution! Bankruptcy or Debt Settlement?

May 26, 2012 - PRLog -- No more credit cards and total debt freedom can actually be reality for you and not just a dream if you make the right choices.  People often search for a cheap bankruptcy attorney.  Sometimes people will also search for government debt help.  Just remember, if something sounds too good to be true it usually is.   When looking for debt relief make sure if your speaking with a debt attorney that they have a high rating with their state bar and if you are looking into debt settlement make sure to speak with a debt settlement BBB A rated company.

At http://www.NoMoreCreditCards.com you will see an outline that illustrates advantages and disadvantages of enrolling into a debt negotiation program vs. filing for bankruptcy.   All the information at this site is FREE to read, but if you don’t read up on all your options it could cost you $1,000s of dollars down the road, god forbid you make the wrong choices.  You will also get to view all DEBT RELIEF PROGRAMS that could help you with becoming debt free including staying current, consumer credit counseling, debt negotiation or debt settlement and more!  You get to see the pros and cons on the different debt solutions.

With constant inquiries coming in from consumers in the United States regarding what steps they should take to get relief from credit card debt, the site “No More Credit Cards” is stern in saying that one should learn about bankruptcy, and then AVOID bankruptcy at all costs.

If a consumer has explored every other debt recovery solution and has no other option, filing for bankruptcy will enable them to walk away from paying their creditors back.  It’s like putting a bandage on a cut that needs stiches, you will temporarily cover up the blood, but the bandage will not heal the wound.  At first, after filing bankruptcy the consumer can feel like an enormous weight has been lifted from their shoulders, but there are also serious consequences.   Bankruptcy is honestly embarrassing.   In the future after consumers declare bankruptcy they may find that employers who are considering them are also going to want to look at their credit report.   Bankruptcy is a signal that they don’t take their financial well-being very seriously.  Bankruptcy on your credit report could poorly reflect on the decision of an employer.

However if you do have to declare bankruptcy, make sure that you actually check your debt attorney out at www.martindale.com, ensuring your attorney is highly rated and not poorly rated just offering you a cheap bankruptcy.   If an attorney is a bankruptcy attorney, they will most likely try and talk you into bankruptcy, not completely disclosing how a bankruptcy could turn your future into a financial nightmare.   That is why it’s important to speak with a few of the best debt settlement companies, along with a highly rated debt attorney regarding bankruptcy and a non profit credit counseling debt counselor before making any final decisions.

Rachell Donovan, Senior Financial Advisor, states “Debt Negotiation will provide you credit card freedom upon graduation, but while on the program you may have a decline in your credit score, get collection calls and a debt settlement program requires the client to participate.”– See Rachell on Twitter:  https://twitter.com/DebtReliefGFS

Rachell next stated, "after enrolling into a debt settlement program, you’ll find that it will be a hard couple of years to get through, but when comparing it to a bankruptcy, it’s such a better decision.   You can rebuild your credit again upon graduation from a debt settlement program."   Learn more about building your credit upon graduation from a debt settlement program: http://www.goldenfs.org/debt-relief-blog/credit-score/