Debt Settlement Attorneys - A Legal Way To Avoid Bankruptcy And Eliminate Credit Card Debt

Online, September 21, 2010 (Newswire.com) - For consumers who have fallen behind in credit card payments, filing bankruptcy may seem like the only way to get a fresh start and wipe away debts that seem to grow and grow. In theory, the appeal of bankruptcy makes sense for people who are dealing with collections agencies, angry creditors, unmanageable finances, stress and embarrassment about being unable to pay bills and card debts.

The problem is that often consumers with high credit card bills and debt don't fully understand the consequences of filing bankruptcy, or think they may not have an alternative. It could seem like they are drowning in fees and charges, and that bankruptcy is their only life raft.

If this sounds familiar, then it is important to know there are other options. Instead of declaring bankruptcy, which can wreak havoc on consumer credit and results in many Americans losing their homes and possessions, consumers can hire a debt settlement attorney to reduce debt and resolve creditor issues legally. For consumers with $10,000 or more in unsecured credit card debt, a debt settlement attorney can be a life raft. Legally, debt settlement firms can reduce credit card debt by 40 to 60 percent.

Debt settlement attorneys also maintain all contact with creditors and clients independently, carefully developing a debt repayment plan that works for both parties. Instead of spending time dealing with creditors on their own, consumers are now free to focus on paying back debt, while the law firm handles the rest. Also, new debt settlement laws make sure that debt settlement firms cannot charge clients upfront fees, so they do not have to pay until debts are negotiated successfully.

While other debt relief options can cost more and require a bigger time commitment, debt settlement can reduce a consumer's debt by thousands of dollars, cutting time and money off of debt repayment. For Americans who are in over their heads with high levels of unsecured debt, consulting with a debt settlement attorney or firm could be the first step in living debt free and staying afloat financially.

Debt settlement is a legitimate alternative to filing bankruptcy however it is not the only debt relief option available. Check out the following link to speak with a certified debt relief specialist who will go over all your options for free:

Free Debt Relief Advice

Or Call: 800-894-0286