What is the Truth? You may be in the situation of having so much credit card debt that you are feeling stressed, worried and afraid of what might happen.
At the same time, you may also be so concerned about your credit score that you hesitate to do what's necessary to get out of debt.
Let's take a closer look at the DEBT side of the problem first, and then we'll look at your credit concerns.
The 4 Ways to Get Out of Debt You have only 4 ways of getting out of debt in the U.
S.
You can: 1.
File bankruptcy, 2.
Do it yourself - Try to work with your creditors to get them to lower the interest rates and monthly payments, or get a personal loan to handle it, or even keep making minimum payments for 30 plus years.
3.
Go into Debt Consolidation and either put the debt on your house, or join one of the non-profit Consumer Credit Counseling companies to help pay your debts, or 4.
You can do Debt Negotiating or Debt Settlement.
That's it.
There are no other choices.
Your Debt vs.
Your Credit Score When it's time to choose your way out of debt, the next big worry is your credit report! In fact, concerns about your credit report can freeze you from doing anything effective about your debt, which sends you right back into your worries, stress and upsets about your debt.
That's called a mental trap.
There are a number of falsehoods about credit that you need to know so you can have a better understanding about your credit.
If you feel like the banks and credit card companies are toying with you when it comes to your debt and credit report, you are absolutely right! Lets get the right solution for you!