What are the alternatives to bankruptcy ie debt relief companies

Question

What are the alternatives to bankruptcy ie debt relief companies

Answer 1

Alternative to bankruptcy is paying off your debts. If you are not able to manage your debts on your own you can go for a debt consolidation company who can help you to pay off your debts by providing you with an debt management plan after negotiating with your creditors to reduce your  debts.

Answer 2

Consumer Credit Counseling Service -- check here for one near you:  http://www.nfcc.org/.

You should be very leary of debt settlement or credit repair companies.  Read this before you sign up:  http://www.ftc.gov/bcp/conline/pubs/cred...

Answer 3

Debt relief is a frequent problem many americans are now facing. Every legitamate debt relief service providers will give you advice for free. http://www.debtreliefreview.com Try contacting multiple debt relief services and inquire about your questions and listen to thier answers. You will be able to determine which ones are providing shady advice.



Hope everything works out.

Answer 4

The best option for debt trouble is negotiating your debts with your credit companies to keep the payments from swallowing all of your income. Typically, you have to get a counseling agency to call on your behalf. If you try to work with them yourself, many of them will not cooperate with you because you are not enrolled in credit counseling. Try http://www.womenindebt.info. Good luck!