Golden Financial Services Talks About Debt Settlement Vs. Bankruptcy.

March 12, 2012 - PRLog -- With interest from consumers nationwide regarding how they should handle their financial challenges, Golden Financial Services is adamant in saying that one should avoid declaring bankruptcy at all costs.

If your Client has explored every other avenue and has no other choice, filing for bankruptcy enables them to walk away from paying their creditors back.  All of their creditors are notified that they're going bankrupt, so they will stop calling, and sending them nasty letters.

In the beginning, after filing bankruptcy the consumer can feel like an enormous weight has been lifted from their back, but there are also substantial consequences. If they are filing jointly and file the bankruptcy, the bankruptcy, per the bankruptcy laws, stays on their credit report for 10 years.

If the debts are joint, it will show on both credit reports, if she is not on his loans and vice versa. Golden Financial Services, states "After declaring bankruptcy, you’ll likely not qualify for a car lease, credit cards, and or any other type of credit for at least the first 3-5 years." - http://nomorecreditcards.com/debt-settlement-or-bankruptcy/

With this said, you'll have to inform your Client and make them aware that if they don't already have steady employment, they may find that employers who are considering them are also going to want to look at their credit report.  Their bankruptcy is a sign that they don’t take their financial Life very seriously. As you can imagine, this can poorly reflect on the decision of employer.

What could have been your debt settlement Client will now have to endure the highest interest rates legally allowed, that’s if they're granted any credit.  Paul Paquin, CEO of Golden Financial Services, states “Any future loans after the discharge will be at astronomically high interest rates.” - http://twitter.com/GFSFinancial

Discovering how to spend your money:

You need to think of all aspects of your financial Life. Look at where you want to be tomorrow, and spend less today. You’ll actually have money when you need it most. Doing this will help you to achieve your financial goals for today, tomorrow, and your future.  Golden Financial Services believes that everyone should take into consideration the long term results of your decisions. This includes taking $20 out of the ATM when it’s not really necessary.  Discipline and mental stamina is necessary.

Set goals and have meaning behind your choices.  You want to be able to help your family in the future, donate to charities, church, helping children, etc., but if you spend your money frivolously you’ll find yourself in a position where either entering a debt resolution program or filing for bankruptcy is your only option.  

Save money, make money, and have a purpose for your money. In the future you’ll benefit from establishing good credit, so you can assist your grandchildren with college, a future business venture one day, and more.  Or maybe you will need your credit to assist with your children’s college, medical needs, and all Life calls for.   Do not restrict yourself by putting a bankruptcy on your credit.  Tough it out! Take responsibility for your actions, but at a discount by enrolling in a debt settlement program with Golden Financial Services. This is clearly the preferred option over declaring bankruptcy. http://nomorecreditcards.com/debt-settlement/
866-376-9846

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. Even Suze Orman asks her guests where they want to be in 5 years, so if you’re under water in debt, want a break on the principal and interest, and want to clean up the mess with less collateral damage, enrolling in a debt settlement program at Golden Financial Services is your best bet.  

Visit the Golden Financial Services Blog For More Information Here!
http://www.goldenfs.org/debt-relief-blog/