Debt settlement programs offer a viable, and often preferable, alternative to bankruptcy. In some cases, bankruptcy may be the best option available to a consumer but debt settlement provides a way of repaying unsettled debts, reducing those total debts, and becoming debt free within three years or less. Bankruptcy should never be looked on as being an easy way to eliminate debt because it carries serious negative side effects on your credit rating, emotions, and personal circumstances.
Bankruptcy Types
There are two types of individual bankruptcy claims that can be filed - chapter 7 and chapter 13. Chapter 13 bankruptcy requires that you use all of your income, after the courts have calculated an average living allowance, to repay some or all of your debt over a period of three to five years. Chapter 7 bankruptcy is the most extreme and requires liquidation of assets and the proceeds of this liquidation is used to repay a portion of your debt.
Bankruptcy And Credit History
Regardless of the type of bankruptcy you file, it will remain on your credit history for 7 years in the case of chapter 13 and 10 years for chapter 7 bankruptcy. This will make it very difficult, or even impossible, to gain any credit during that time. Even though chapter 13 bankruptcy is looked on in a better light to chapter 7, the typical consumer will still have serious problems gaining any form of credit during this period.
Future Employment
There are further problems you should consider that are not directly related to your credit score but will have a major impact on your life. When applying for jobs you will be required to declare any bankruptcies you have filed and a potential employer can refuse your application based on this information. You may, therefore, find it difficult to get a new job in the future although some employers will still employ you even with a bankruptcy against your name.
Debt Settlement Programs
Debt settlement programs will impact on your credit history in some way. If you currently have a good credit rating, and are meeting your regular repayments, then enrolling in a debt settlement program will have a negative effect - your credit rating will get worse. The likelihood of a consumer enrolling in debt settlement when they have good credit rating, though, is low.
If your credit rating has already been hit because of late or missed payments and you frequently default on payments then debt settlement is unlikely to have a negative impact on your credit rating. Once you start making the new renegotiated repayments, your credit rating may actually improve.
Default Payments
When you initially start a debt settlement program you willingly cease making payments to creditors while the debt settlement company negotiates on your behalf. This obviously leads to default payments. However, a good debt settlement company will also ensure that once a renegotiated debt figure is fully repaid, the lender will report that your debt has been paid in full. This is reported to the credit agencies and marked against your credit rating - often seen as a positive mark compared to the alternatives.
Once a debt settlement program is complete, those that had poor negative rating should be on their way to rebuilding a reasonable credit score and being able to apply for new lines of credit such as mortgages and car loans. In contrast to the seven to ten years minimum that it will take to start rebuilding your credit score after bankruptcy this is a much shorter period.
Adam Foster is one of the founders of DebtSettlementOne.com which is a professional debt settlement company offering debt settlement programs to consumers that require financial help.
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赚钱
按照: huaidan | 30/04/2007 | 广告想赚钱的快来看啊
免费教大家如何在网上赚钱，绝对灵的！ 网上可以赚到钱，而且是免费的赚钱，绝对不要担任何风险，是不是有点不可议呀，可是我要告诉你，这是真得！！！
按照: 何建忠 | 06/05/2007 | 广告我的一个靠拿工作生活的人(生活可想而知),但我现在有钱了.(起初我也和你一样,一万个不相信)--请继续往下看.--免费教大家如何在网上赚钱，绝对灵的！ 网上可以赚到钱，而且是免费的赚钱，绝对不要担任何风险，是不是有点不可议呀，可是我要告诉你，这是真得！！！本来一开始我也不相信的，但我试过之后，是真的能赚到钱，我就赚到了300多美金。因为本意是试试罢了，试了一个月，没有着力去发表多少，所以才300美金。但300多美金已经有人民币2000多了，哈哈！后来我就又发表了好多，赚得也多。难道天下竟有免费的午餐？答案是——没有！所以有很多人就会不相信我这里所写的话，因此，我特地在这里注明一下：这不是免费的，但也不用交钱和什么的，只要为这个网站介绍和招人加入。这些就是工作，这就是赚钱。为什么能赚钱呢？理由很简单，我们帮这个网站作广告、宣传出去，那就有人来这个网站浏览，那申请加入的人也就越来越多，这个网站就兴旺起来了。这是它所希望和欢迎的，它就要奖励你！每加入一个人有0.8美金。怎么能够赚钱呢？加入了会员后，要多发表，就能够赚钱。怎么发表呢？就是把本文复制，然后到各个网站的留言版上粘贴发表宣传。有人加入了，你就有钱赚了；加入的人越多，你赚的钱也越多。
真假的啊？试试便知
按照: zaina5 | 05/06/2007 | 电子商务爱玩电脑又想赚点小钱、发点小财的朋友就请跟我来！! ! （最好先复制下来，再慢慢看！！） 首先，我要说明一点，这是一个不用你花钱，不用你的手机号码，只要你帮忙宣传这篇文章就行，现在你花点时间耐心看一下下面的文章，你一定会受益的！！ （看一看不费时，做不做随你便。）自己的钱如果够花就捐给希望工程吧。不想赚老外的钱吗?反正赚的是外国人的钱，不赚白不赚！ 按照下面的说法做保证有你赚的。 网友亲身体验： （ 为什么各个网站都说能为你赚到很多钱呢，就连读一封 E-mail 点几回广告栏都能挣到钱? 难以置信啊！天下哪有如此免费午餐？！可呆着实在是无聊啊。反正闲着也是闲着！但我的身份是不能够泄露给外人的，当然身份证号码、手机号码（因为回电是要付钱的哦、信用卡号码等等重要信息都不能泄露的哦。 于是我找了一个不要身份证、不要会员费，只要有个地址、电话号码就能挣到钱的网站，申请成了会员 ……（反正挣不到钱也不会吃亏，哼!） 等了一个月，什么汇款单？连个影子都没有！不过一想，无所谓了，反正也没吃亏!就当是鬼 迷心窍一回吧!--哈哈! 可一直到了第二个月…… 突然，汇款单到了!不看不知道，一看吓一跳！--300多美金？折合人民币不就是2400多了吗？半信半疑。到了银行，交了几十元的手续费，换回了2400多!真像做梦一样…… 买了一些一直想买的东西，这时我才确信不疑。兴奋之余，又开始了我的宣传。不是宣传得越多，挣的也就越多吗? 果然，三个月后，又飞来了一张单子！--400多美金！真是难以置信！！ 又过了三个月上涨到了2400多美金。 如今，不用上班也有钱花了，真是乐哉乐哉乐乐哉！你不信？那没办法！只可惜这白花花的银子喽。） 古人云：“宁可信其有，不可信其无”啊！反正也不吃亏，就当疯一回试试看嘛！ 相信我，没错的！ 加入方法很简单的哦： 如果你不信可以先看一下网站，你就明白了； 网址为：http://www.pointsmoney.com/ 上面网站，如若点击不成，复制、粘贴到地址栏。(有时候进不去，那是因为服务器太忙，你可以在凌晨人少时再去！有时候要稍等一下，别心急！) 打开网页，点击左方菜单的第一个Sign Up。 进去后，就要填你的资料了（也不是什么重要的资料）。 然后，跟着提示，一步一步输入信息就OK了。下面是英文的解释: USER ID (Valid Email): 填你的电子邮箱 (最好用TOM邮箱，接收较快) Password : 密码，你自己想一个吧 Confirm Password : 确认你的密码，再打一次你的密码 Friend Refferal ID : 这里填848506（注：其实这里的意思是：填介绍人的ID，）。我看过和我同样发表此帖文章的人，他们没有在这说明这个ID的意思，他们只是说，要这样填呀，否则……的。在此，我和你们说明白，你用848506。 填完后，点击 Submit，这个网站就会发一个E-mail给你，（一定会收到的，尽量用接收邮件快的邮箱）这个E-mail里面就有一个新的ID是你的，以后你就用你得到的这个ID去招人。其实也不用特别地去招，像我这样，发表文章，教人申请加入不就能有钱了吗？例：你现在用848506申请，包括写完以下还有的资料。这样全部完成后，我就得到0.8美金。（注：在这条里848506，即填我的ID，你们以后介绍人就用自己的ID） 好了，现在点击 Submit 。好，申请完了。现在，你就去你的电子邮箱，这个网站发给你一个Email。去看，一定有，外国人很讲信誉。在Email中间有一条长长的网址（例：它给我的Email中间http://www.pointsmoney.com/userprofile.php?auid=.........ID=848506（最后的几个数字就是你的ID，切记→auid后面的数字不是ID，换句话说，Your Refferal ID：后面的数字就是你的ID）。上面这个是给我的网址，而给你们的是不同的。每个人都不同，你上它给你的网址就得了。进去他发给你的邮件里面的那个网址后（打开他邮件中有你自己的ID那个网页就是了），接着，再次输入资料。 我为了方便大家的加入，详细加入的细节（注：一定要用拼音打字呀， 不然申请不了的）： First Name: 名字（例：小玲 就打 XiaoLing） (名字的第一个字母记得要大写哦) Last Name: 姓 （例：黄 就打 Huang ） Address: 家庭住址（写拼音，一定要详细填写，包括我省略号后面省略掉的内容，不然收不 到汇款单喽！例 广西……，就打GuangXi…）(地方名的第一个字母也要大写) City: 城市 （例：南宁市，就打NanNingShi） Zip/Postal Code: 邮编 （ 填你的，例 530018 ） State: 填 No Country: 国家（选 China--都是中国人吧） Phone: 电话号码 [电话号码] (国家代码86+去掉区位号前0的电话号码) （例：0771-3103365→ 86-771-3103365） Fax: 可不填 Mobile: 可不填 Gender: 性别 Male（男）； Femaie （女） Do you have Credit Card: 你有信用卡吗？（选No吧） Age: 你几岁（你自己选吧） Profession: 你职业是什么？（自己选吧/可不填） Monthly Lncome: 你每月的收入是多少？（可不填） Do you have Web Site: 你有个人网站吗？（没就不填） 好，填完，点击 Submit 选择爱好兴趣（本人全选，你看着办吧）选好点击 Submit，大功告成。 加入完毕后，它就出现一个登陆框，如果你就登陆了，网站就送0.41美金给你。所以，最好是申请完成后登陆一次吧，这样就得到0.41美金了。登陆过一次合计0.43美金。登陆时你只需填入你的电子邮箱，然后在下一栏输入密码就可以了。 然后，就是复制赚钱之法了。 ★赚钱的方法：就是到各个网站的留言板中，把本文内容全部复制、粘贴进去！多多益善哦 ！！！ 只要有人点，你就可以挣钱了！多好啊！而且反正赚的是外国人的钱，不赚白不赚！ 好了，祝你天天快乐呀！不，应该是大家一起赚，一起乐呀 ！！！ 反正不用你交钱，不用你手机注册，闲着没事，不妨一试，只要尽力工作就能赚钱的！
快在网上挣钱吧！
按照: 钱迷 | 09/06/2007 | 投资来网上挣钱吧！
快在网上挣钱吧
按照: 钱迷 | 09/06/2007 | 其他快在网上挣钱吧，非常不简单，但收获也大！
不用投资的赚钱好路子
按照: ZhangLin | 23/06/2007 | 广告不用你花钱,不用你的手机号码,只要你帮忙宣传这篇文章,就能赚钱.
到底选哪个信用卡比较好？选合适信用卡的关键的因素
按照: 李财 | 02/08/2007 | 信用到底选哪个信用卡比较好？ 信用卡(Credit Card) 是一种消费支付工具，也是目前仅次于现金、最普遍受欢迎的塑料货币。现在市场上形形色色的信用卡一大堆， 要选一张合适的卡其实不容易。 经常听人问：哪张信用卡最好？其实每个人都有每个人不同的口味和要求， 要看你到底属于哪一类的消费者：- 如果你是价格敏感者， 考虑下年费最低的信用卡。办卡是否得付年费是你首要的考虑，部分银行会针对团体办卡提供首年免年费，或是对于特定单位办卡提供年费优惠。譬如：上海银行推出了免息的“享受生活”金卡(金卡)。 如果价格对你不是很重要， 而你对于品牌你特别讲究，你可以针对你喜爱的银行提出办卡申请，无论你崇尚的是国有四大银行的老字号，或是商业银行的新品牌，甚至外国的银行，办卡都可获得满足。比如， 工行的牡丹卡有很悠久的历史。 如果你觉得‘时间就是金钱’，你需要的是，能否上门办卡、送卡、缴款是否方便、客服电话服务质量、网上银行的相关服务项目等。 特别是网上银行，可以带来很多足不出门的服务，省时省力。 招行有很多此类卡片，能提供真正的便利。
旅行支票對轉賬卡
按照: cooier | 07/05/2008 | 异国旅游我的第一次國外, 我必須交換獲利$200 旅行支票支付未聽說American Express 的一個mountaineering 的指南。銀行充電我$8 。
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Creditors Benefit From Debt Settlement So Consumers Benefit Too
By: Adam Foster | 30/05/2008 | FinanceDebt settlement programs offer debts the opportunity to reduce their unsecured debts by as much as 60% and become debt free in 3 years or less. They provide the opportunity to avoid bankruptcy and the negative impacts that filing for bankruptcy can have on a consumer. However, for a debt...