If you are struggling with debt and have bad credit, one of the worse things you can do is file for bankruptcy. Depending on the type of bankruptcy you file (Chapter 7 or Chapter 13) it entails either discharging all qualifying debts or restructuring your debts and making an affordable monthly payment to a court-appointed trustee for 3-5 years.
Although bankruptcy sounds like a great quick fix for your debt problems, it will make your already bad credit much worse. A bankruptcy will stay on your credit report for up to 10 years. That means ten years of explaining your bad credit every time you try to apply for a loan, get a new credit card, or even get a new cell phone. A much better idea is to consider the options that Accredited Debt Relief offers for debt consolidation for bad credit.
Accredited Debt Relief and its debt relief partners specialize in helping you take control of your financial future with a NO ADVANCED FEE debt settlement program. We review multiple debt relief programs with NO ADVANCED FEES in order to find the program that best meets your needs. This includes credit card debt consolidation, debt management, debt consolidation for bad credit, debt settlement, and credit counseling, and we guarantee you will not pay any fees for the services until our negotiators have successfully resolved a debt for you and you have approved it.
If you’re struggling from unmanageable debt burdens, bankruptcy may be a tempting solution to eliminate your debt problems. But bankruptcy is a drastic measure and should always be taken as a last resort. Check out our debt consolidation for bad credit options instead.
Accredited Debt Relief is an official member of the American Fair Credit Council (view Accredited Debt Relief on AFCC). For more information about Accredited Debt Relief solutions or to schedule a free consultation, “like” Accredited Debt Relief on Facebook, visit us on the Accredited Debt Relief Yellow Pages site, or follow Accredited Debt Relief on Twitter.