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Don't Rush into Bankruptcy
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Are you considering declaring bankruptcy to "erase" your debts?
Lawyers use television commercials and newspaper ads to say that bankruptcy is the easy answer to overwhelming debts,
but are they telling the truth?
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Before you rush to declare bankruptcy, you should consider some of the negative effects it can have on your life:
 Bankruptcy is Permanent
What can you do if you decide that declaring bankruptcy was the wrong thing to do? Absolutely nothing. Bankruptcy is permanent and irreversible. Once you go bankrupt, you can't ever go back.
Bankruptcy Affects Your Credit Rating
Bankruptcy can erase your debts (if the court approves it), but the bankruptcy itself stays on your credit rating for at least seven years - longer if you try to get a large loan. The FTC says a credit rating damaged by bankruptcy can prevent you from getting credit, insurance, or even some jobs! Don't rush into bankruptcy without considering these negative consequences. Once you go bankrupt, you can't go back.
Bankruptcy Can Cost You Everything
If you declare Chapter 7 bankruptcy, you'll have to forfeit most of your possessions to pay off your creditors. In some states, they can even take your car or house!
Bankruptcy Doesn't Always Stop Debt Collectors
Although bankruptcy is supposed to end harassment by bill collectors and collections agencies, many unscrupulous agencies will keep calling you after the bankruptcy. They may even try to trick you into signing repayment contracts that obligate you to pay the supposedly-erased debts!
You'll Pay The Lawyers Before You Get Helped
Ever notice the fine print in some of those bankruptcy lawyers' commercials -- "legal fees must be paid before filing"? Bankruptcy may erase your debts, but the lawyers are going to make sure you pay them before you can do anything. They make sure they get paid even if the bankruptcy doesn't help you. The only people who win in a bankruptcy are the lawyers. They get paid no matter what happens.
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Do
you want an alternative to bankruptcy without going to court or risking your home?
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Consider
Kimberly Credit's debt consolidation program.
Instead of erasing your debts in court, we contact your creditors and renegotiate the original unsecured debts, reducing interest rates and minimum payments. We then combine your debts into one low monthly payment for your convenience. Even though you'll be paying less each month, you'll pay off the debts faster.
There are other benefits, too:
No more bill collectors.
Creditors and collections agencies recognize Kimberly Credit, and recognize that our clients are people who want to make good on their debts. Once you've started making payments through
Kimberly Credit, creditors will order their collectors to leave you alone.
Better for your credit rating.
Experts say the best way to improve your credit rating is to pay your bills, and that's exactly what you'll be doing with
Kimberly Credit's debt consolidation plan. Successful completion of our program will help your credit, not ruin it like bankruptcy.
Your property is safer.
Kimberly Credit's debt consolidation program won't put your personal possessions at risk. It doesn't even require collateral!
Pay as you go.
Bankruptcy lawyers take your money and run -- Kimberly Credit's plan uses monthly payments, so you know that we're here to help you for the long haul.
Quit at any time.
In the unlikely event you decide that our program isn't for you, you can withdraw at any time and go back to paying creditors directly. (You can even call that bankruptcy lawyer, if you really want.)
Think debt consolidation might help you better than bankruptcy? Use our
secure form to apply online for a free, no-obligation analysis by
Kimberly Credit's professional credit counselors. Our analysis is easier than filing for bankruptcy, and you won't even have to talk to a lawyer!
If
You are Serious about Financial Recovery...
and becoming
debt-free, take advantage of our FREE
DEBT CONSOLIDATION ANALYSIS and get started today on
the road to financial freedom!
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