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Bankruptcy vs Debt Relief
Posted: 25 January 2023 05:55 AM  
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Really upside down right now, a lot of credit card debt and personal loans. Like 70k+. Is it better long term to work with a debt relief agency that can help close my accounts, negotiate a low payment, and pay a small fee… or file bankruptcy?

I make enough to cover my mortgage, car, utilities, groceries. But I’m at a point where I maxed out all of my credit cards, taken out 2 personal loans to cover said cc payments that now I can no longer afford either, and it’s beginning to be one of those things where each month I’m having to decide what’s more important to pay. I’m pregnant, have 2 kids, and I’m so stressed out and just want to figure out what to so I can begin moving forward with my life. I worked so hard to build my credit the last 10 years, but due to some poor financial decisions and crappy life situations, now everything’s maxed out, my credit score tanked, and my debt to income ratio is way too high for a HELOC or debt consolidation loan.

Any advice on what direction is better for me would be really appreciated.

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Posted: 25 January 2023 05:57 AM   [ # 1 ]  
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If you got into a lot of debt, then do not immediately rush into all sorts of trouble and declare bankruptcy, because there is always a way out, even from such a seemingly terrible situation. You can try pacific debt relief. These guys are real professionals in the field of getting people out of debt and they will definitely be able to help you.
I hope my answer was helpful!

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Posted: 21 March 2023 04:44 AM   [ # 2 ]  
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Bankruptcy and debt relief are the two options available to people facing financial hardship. Bankruptcy involves the process of legally declaring oneself bankrupt, which involves liquidating assets to pay off debts or agreeing to a repayment plan. Debt relief, on the other hand, involves negotiating with creditors to reduce the amount owed or extend the repayment period. Either way, it’s important to have access to resources to help you understand the implications of each option. Tools such as bin check can help you understand which card and which bank is in debt and find ways to manage it more effectively.

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Posted: 24 December 2023 12:27 AM   [ # 3 ]  
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Posted: 19 February 2024 07:59 AM   [ # 4 ]  
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Posted: 20 February 2024 10:14 AM   [ # 5 ]  
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Posted: 22 February 2024 07:58 AM   [ # 6 ]  
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I’m really sorry to hear about your situation, and it sounds incredibly stressful, especially with your family considerations. When facing such a significant amount of debt, it’s crucial to weigh your options carefully.

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Posted: 26 April 2024 08:26 AM   [ # 7 ]  
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