10 Tips To Help You Avoid Bankruptcy

Avoid Bankruptcy With Our 10 Top Tips

By Wade Robins

Many people want to know how they can avoid bancruptcy, it can be a difficult question to answer, especially when you have to consider the individuals unique circumstances. This article is going to try to give you the ten best ways to help you avoid filing for personal bankruptcy. This advice is just that, it's not legal advice and it certainly shouldnt be relied upon. You should seek qualified legal advice before making any decisions about your debt.



1. Idealy you need to increase the amount of money you have available to you every month. The best, and fastest way is to get a second job. You will only be able to take a second job if your full time job allows this. Even if the part time job only gives you two hundred dollars a week, that mounts up to 800 dollars a month, this will go a long way to reducing your debt. Write down all of the debts that you have, put the ones with the highest interest rate at the top as you will aim to pay these off first.



2. You must stop using your credit cards, they are the source of your trouble. If you can bear it then cut the cards up so that they can never be used again. Failing that you could give them to your wife. A credit card is however good for emergencies, you should keep one, just one mind!



3. Take a look at all of your assets and decide which ones are worth the most. Normally people dont realise just how much the things they own are worth.Houses are scarce goods and so appreciate in value, this appreciation may help in reducing your debt.If you cannot cover all of your debt by taking out a second mortgage then dont consider using this step, it's only worthwhile if you can pay everything off.



4. Unfortunatly cars are not like houses, 99% of cars depreciate in value. If your car is still worth something then would you consider selling it? Of course you will need a car, so buy a cheaper car. Just remember that you do get what you pay for. Paying for something too cheep could be a really big mistake. For more info see http://www.filingpersonalbankruptcyhelp.com/Bankruptcy_ExemptionsBankruptcy Exemptions.



This is by no means a concise guide to reducing your debt, these are simply a few possible solutions to your debt.



Take a close look at all of your assets. You may be able to assess the equity in your home or other asset so that you can pay off the other debt you owe. Don???t do this though if it is not realistic for you to maintain both your current mortgage and a second payment on the home. You don't want to end up losing it. Your vehicle many have equity in it as well that you can take advantage of. There is also the option of trading your vehicle in for one that comes with a lower payment. Just make sure it is reliable so you aren???t constantly paying for repairs on it.



About the Author: You can also find more info on Bankruptcy Code and Bankruptcy Court.



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Debt Relief for College Students 101

Debt Relief For College Students 101
By Kristi Patrice Carter

Debt is a huge problem. Most of the time, you will hear about debt associated with middle aged couples and families, however, many college students are in debt as well. College students today can be even as far as 20 thousand, 30 thousand, or 40 thousand dollars in debt. The problem is actually a lot worse for students. Every credit card company in the world wants to send 'student credit cards' out. Students who need things on a daily basis often just go and use one of their credit cards without even thinking about the bill and interest adding up. Another problem is, money can be kind of scarce for most college students, so paying the bills isn't always that easy.

The problem is becoming huge as college students are forced to put off more school because they have incurred too much debt. As a matter of fact, they have been pushed into taking jobs they normally wouldn't have taken because of the debt, put off buying a house, or getting married and having children because of the money they owe. This is without mentioning the worry they have frequently about their debt.

Finding a good debt relief program for students is a great idea. Debt relief programs will help students do several different things. Gathering all of their debt is important, as they will be able to track their debt, and establish a plan for paying it off. Making sure that all of the companies they owe are getting paid something will reduce the risk that their debt will be turned over to a collection agency, and then if still unpaid, go against their credit. Most likely, the debt will all be wrapped neatly into one monthly bill. This will give the student peace of mind, knowing that they pay one bill and all of their debt is taken care of for that month.

Another good thing about debt relief programs is that the bill the students will pay will be smaller than all of their original bills would have been. This is helpful as it will free up more money for the student to be able to use on other things that (s)he needs, such as books, food, gasoline, etc.

When student debt relief programs help students establish a payoff plan, the student has a clear view of what they're paying, how long they will be paying on the debt for, and when the debt will be paid off. This will help them be able to plan their actual lives better. They will have a clear understanding of what they can plan for, what they can budget with and this well help ease their mind as well. Debt relief programs will work with the student and see them through until the debt is paid off. This is immense help for someone who is trying to stay on the right track to getting their life on the right track and establishing good credit for themselves.

If you’re currently drowning in debt and are seeking a way out http://www.debtreliefarticles.info can help! Learn proven tips and tricks to become more prosperous and take control of your financial health. Visit http://www.debtreliefarticles.info today!

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