DEBT RELIEF & SETTLEMENT

Debt settlement is fast becoming the leader in debt management and control.

In the year 2005, The Bankruptcy Abuse Prevention and Consumer Protection Actof 2005 was created. This new act was prompted by frustrated bankers and financial institutions that felt the bankruptcy laws were too lax and that consumers had been abusing it for too long. All of the sudden, it became much more challenging to walk away from debt by choosing to complete a chapter 7 bankruptcy.

The next most viable option regarding a bankruptcy would be to file for a chapter 13 bankruptcy. In essence, the chapter 13 is a restructuring of your debts. Some of your creditors will erase the debt all together, some will reduce your debt by a portion, and some won't budge at all.

Often times during the repayment (in which you make payments to a trustee and they pay your creditors on your behalf) period, the court may mandate how you spend your money. No thanks. Now that this has all happened, what can a consumer do?

Debt settlement is the answer AND it's free to get started and the negative effect on your credit report is greatly reduced (compared to a bankruptcy that will remain on your credit for 10 years).