Bankruptcy exists for those who cannot afford the Creditor minimums and cannot afford the Debt Management or Debt Negotiation monthly payment. They have experienced a very severe hardship and loss of income while carrying too much debt. For these cardholders, bankruptcy is the only way and best way to quickly resolve their financial situation and Protect their assets.

If you would like to talk about how we can settle your debt click here.

The internet is full of blogging heads who are eagerly promoting the newest “debt solutions.” We at Eagle One decided to examine some of these systems, and let you know what our take is:
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Debt solutions become increasingly harder to solve when you are not just responsible for your life…but the life of your loved ones. A lot of couples fight about debt solutions, and that is normal. It can be hard to have an authentic and loving conversation about something so touchy as debt..

Now most of the companies who relied on ridiculous upfront fees are thankfully out of business. But there remain a few loop-holes…..or as I like to call them “L” holes.

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The new FTC regulations were a boon for the industry. They did the unthinkable: Forced companies to only charge if they DO THEIR JOB. Wow…what a concept. It has turned the industry upside down. At least the 95 percent of it that needed to be turned upside down. Even though the law was almost a hundred percent positive, it yielded one unfortunate side effect:

They are insidious…they are mean….they are debt collectors. This business attracts only some of the most persistent and intrusive individuals in this country.
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How much is “too much?”

This is a perennial question in life as it is in debt. I suppose if you have some rich Uncle about to kick the bucket, and devote his entire estate to you…You can be as in debt as you want to.

Today we continue our series on simple solutions to ease your debt load. Last week we went over a series of possible ideas, including saving plans, utilizing budget software (like mint), as well as switching over to credit cards that have lower interest. Today we will be going over other concepts that will help you get out, and stay out, of debt.

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This article is not about canned advice on how to get out of debt. It is not about listing the hundred “common sense” techniques that you thought of on your own. What we would like to do within this post is explain a few debt solution strategies you may not have thought of yet. Let us know what you think.
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