Alternatives to bankruptcy - HamiltonDebtRelief.com

See how our debt relief program can reduce your debt and have you debt free in one to three years.

Chicago, IL (prHWY.com) December 19, 2011 - Bankruptcy is the last thing that any of us ever want to face. Not only can bankruptcy damage your credit, it can stay on your report for up to ten years.

There are other debt solutions. Because of the new bankruptcy law reform, consumers are required to attend credit counseling education classes and receive a financial literacy certificate, before their bankruptcy can be discharged. These classes are going to cover alternative methods to eliminate debt. Consumer credit counseling services will negotiate a better interest rate, enabling more money going to the principle. When consumers are at the brink of filing bankruptcy their credit card interest rate is usually pretty high. By just shedding a few interest points, credit counseling services will save a consumer thousands of dollars in interest, over the course of a year.

Before filing a chapter 7 bankruptcy a consumer must fall within certain guidelines, this may mean their income is below the median income for their state. If they are able to pay $166 a month on a $10,000 debt over five years then they must file a chapter 13 bankruptcy. To be eligible for your state's exemptions you must be a resident of that state for at least two years. These laws were put in place to protect the credit card companies from bankruptcy abuses.

Negotiating on your own is one way to handle debt solutions, the biggest drawback is that you have to contact each creditor individually. When you contact creditors they can be pretty intimidating. Other times they will offer a tremendous deal that usually expires right away. It is important not to negotiate a settlement before you know what you can afford. The last thing you want is that have another strike on your credit report.

Hamilton debt relief offers debt solutions. They will setup a free consultation then they will review your financial situation, next they will customize a program that best fits your needs. After determining how much you can afford to pay a bank account will be set up specifically for your monthly payments towards the program.

Call Now: 1-877-276-5339 or 646-370-2983
Visit Us at: www.hamiltondebtrelief.com
Address: Madison Avenue 14th Floor, New York, NY

The next step is setting terms with your creditors. After a settlement offer has been reached Hamilton debt relief will contact you for final approval. After you agree your creditors will be notified, then you will be notified in writing with actual payment amounts and dates and estimated time that it will take you to complete the program. Hamilton debt relief is dedicated to providing consumers with a high end debt resolution. They have skilled negotiators that work on your behalf to ensure that all your needs are met throughout the program. They have created an innovative structure that allows clients to work exclusively with a 3-4 person team. You can rest assured that your financial future lies in good hands.

Bankruptcy will not eliminate all of your debt but it will ruin your credit for at up to 10 years. Save yourself a hassle and let Hamilton debt relief relieve your debt.

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Tag Words: debt, legal, law, finance, business

Categories: Finance

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Call Now: 1-877-276-5339 or 646-370-2983
Visit Us at: www.hamiltondebtrelief.com
Address: Madison Avenue 14th Floor, New York, NY

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