For the millions of Americans who are considering bankruptcy, there is a debt solution out there that will be much more beneficial for you that Filing for Chapter 13 bankruptcy.

Filing for Chapter 13 Bankruptcy typically costs around $1500 up front.  After this fee you will be paying additional attorney fees along with having to repay up to 85% of your debts and having a bankruptcy stamped to your credit report for the next 10 years.  One thing most consumers do not know is that every loan and credit application asks if you have ever filed for bankruptcy.  Answering this question untruthfully is indeed a federal offense therefore, filing for bankruptcy actually follows you for the rest of your life. 

Credit card debt negotiation has no start up fees.  You only pay about 60% of your debts back and the length of the program is chosen by you, not the government.  In a credit card debt negotiation program nothing is stamped to your credit report that shows lenders that you were enrolled in the program.  After your credit card debt negotiation program is over you are back on your feet.  Another thing that credit card debt negotiation does is it gets you in the habit of saving money.  Therefore it not only corrects your current debt problem but it gets you in the habit of making sure it does not happen again. 

If you are looking to file for Chapter 13 bankruptcy do your homework and take a long look at a credit card debt negotiation.  Contact a debt specialist before you commit financial suicide.