Debt Relief

Consumers who find themselves financially burdened and saddled with heavy debt have several debt relief options at their disposal, including repayment programs and credit counseling services. And although bankruptcy is one option to deal with financial problems, it's generally considered the option of last resort. The reason: its long-term negative impact on your credit worthiness. Bankruptcy information (both the date of your filing and the later date of discharge) stays on your credit report for 10 years, and can hinder your ability to get credit, a job, insurance, or even a place to live. If you're having trouble paying your bills, consider other possibilities before filing for bankruptcy. The following resources will help you get a grip on your finances, find relief for your debts, and decide whether or not bankruptcy is the right option for you.