Bankruptcy
Real Magic
June 29, 2011 | 
Author There are no guarantees against identity theft, junk debt buyers, or discharged debts scams, but with common sense, awareness of the dangers, and careful attention to your financial records and credit report, you can diminish your chances of being the next victim.
Victim is not what we are. We are no longer allowing the banks and credit card companies to treat us as their victims. They have taken advantage for much too long and it is time that they get put in their place. You do not need supernatural powers to vanquish the consumer lending industry or to get your debt back in control. There are basic steps to take, everyday common sense stuff. And then there are these secrets that I am exposing in this blog. The creditors and lenders want to keep their devious tactics to themselves for one reason only: money. If you know how they operate, you know how to beat the system
These “Magic word” sets will words for a great number of consumers. If, however, they don’t apply to your particular situation, there is still the legal route out of debt – Bankruptcy. Bankruptcy is a totally legitimate, legal option, so do not feel ashamed if you have already filed for bankruptcy or are facing it, right now.
When all else fails, you should consult with legal and financial advisors. If they decide that bankruptcy is viable for your situation, consider their advice. There are hundreds of thousands of folks each year who take this route out of debt. And maybe there are even more “magic words” out there.
Avoid Bankruptcy
We will dive into bankruptcy concerns later in the following paragraphs, but please be aware that to keep your credit report and credit score in good standing, you should avoid the bankruptcy route. You’re not Cinderella, so don’t look to bankruptcy as the fairy god mother solution to end all your problems. It is not a cure all by any means. Your student loans, your alimony, and your child support won’t be going anywhere.
But I know bankruptcy happens. Especially when medical bills are involved. The medical practices usually are very aggressive in their collection tactics. Medical bills can be a double or triple whammy, encompassing emotional trauma, physical health issues, and financial concerns.
Tina’s son was born with what appeared to be a blockage in his throat. He unexpectedly had to stay in the intensive care unit for three days. Tina received a bill for $35,000. Her savings account was wiped out and she just didn’t have the money to pay it off. Tina was forced into bankruptcy. Making matters worse, a collection agency was hired to collect his debt, saying that the bankruptcy didn’t cover it. For Tina and all the others who find themselves in the same sinking ship.
Bankruptcy is not the quick fix that some shady lawyers make it out to be. You won’t be barred from obtaining credit ever again. But you will be targeted for astronomical fees. If you have already filed for bankruptcy, don’t wallow in despair. I will show you way in which you can rebuild your credit.
Posted in Bankruptcy | 
Tags: Debt awareness, debt management, debt relief, managing debts | 
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