Many people believe that debt consolidation and bankruptcy are the same thing and can ruin your credit forever by doing either. This is simply not true and there are many differences between the two.
Let us begin by clarifying the two with a mere definition.
Bankruptcy– is a public record that entails a court process that consumers and businesses can take to eliminate or repay some or all of their debts under the protection of the federal bankruptcy court. Bankruptcy can be categorized into two types, liquidation or Chapter 7 and reorganization or Chapter 13.
Debt Consolidation – is the process of combining a number of unsecured loans into a monthly payment, either through a new loan or through carious consolidation programs that help consumer repay all or a portion of the original balances.
Where we can help:
If you feel like you’re drowning in debt and that you can no longer afford the minimum payments on loans or credit cards, but you’re not ready to file for bankruptcy, debt consolidation may be the solution to your financial problems.
With our debt consolidation program we can assist you in eliminating multiple creditors, reduce your monthly payment, and create a simplified payment process. We have debt consolidation services all over the United States servicing areas for Florida Debt Consolidation, New York Debt Consolidation, Texas Debt Consolidation and California Debt Consolidation.
We begin by consulting you for FREE! After we ensure you qualify for a debt consolidation program we begin to facilitate with our partners to create a program tailored specifically to your needs.
If you have been unable to make any payments to your creditors and you feel you’re only solution is bankruptcy, don’t fear, we are here to help. Our representatives will try to find you alternative solutions.