Credit cards have changed our lives in many ways, not all bad, but our modern society is groaning under the weight of massive credit card debt - there must be a way to eliminate the debt ....
I'm no lawyer, no lawyer, so do not take my advice, just happened to be my lay opinion that bankruptcy is a very drastic measure. In my opinion, my two cents that there is only one side are guaranteed tobetter - and - perhaps not you.
Chapter 7 is very hard to get, as the laws fixed and tightened in Chapter 13, that the majority of people can not keep up due to the agreed payment schedule and end in worse shape than before. My opinion - check the facts.
Chapter 7 is where you get a verdict that will erase all your debts. While in Chapter 13, where the judge will allow you a payment plan - which you follow to the letter!
Bankruptcy can have long-term effects - CarLoan? Maybe not. New mortgage - are you dreaming? Higher interest rates on everything you buy on credit if you can - of course!
Bankruptcy could delay the pain - but do not remove the pain.
Consider the people who supported (by unethical advertising by national banks that it would know better), who pulled equity loan on their house to pay off credit card debt - or take a vacation, you deserve it, blah, blah .... .. enjoy. Ugh. Look, if thesePeople today - foreclosure - many because they now owe more than the house is worth! Others have their "teaser rate mortgage" has just been re-set!
If you need help, can use credit card debt, you are welcome to the gang of millions. The power of advertising ... The credit card company, the game very well. You pay top dollar for high-power cast, super persuasive advertising on television, they will cheat - they fill your mail box with pre-approved offers - thenWill be irresponsible with the card and get out of control, it allows - the measure I call a double standard!
The only way to sleep at night and keep your hard-earned dollars in your bank account will get rid of credit card debt, and if you have this item too late and you're already in the hole, then I recommend a service I used when learning the hard way - there is a link below to check it out. To do by the way, not your friend,worse off than you! - And sure check your local Better Business Bureau to make sure you are in good hands.
* All information contained herein is for informational purposes only and is not construed as referring to legal, financial or tax advice.
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