Shanner & Associates

#1 Bankruptcy Attorney in San Diego

San Diego Credit Card Debt – What is the Best Method for Settling Debt?

debtWhat is on your mind the most these days? If is it devising the next tactic for avoiding the debt collectors or figuring out how to eat on a budget that that is marred in thousands of dollars of credit card debt, it is time you earned your financial freedom back and gained control of your finances again. Californians like you across the state are dealing with debt. Did you know that the average American has over $10,000 in debt? Clearly, you certainly are not alone in this situation, but that does not make it alright. As a person suffering from a financial crisis, now is the time to settle your San Diego credit card debt.

What kinds of options are available to people like you who are struggling to make even the minimum payments on credit cards? It can be the most powerless feeling in the world to sit back helplessly and watch your San Diego credit card debt increase daily from high interest charges while there seems to be nothing you can do about it. However, there are ways to consolidate your debt and return the power to you, the credit card holder.

Credit consolidators deal with the credit card company firsthand on your behalf and work to decrease your debt by 50% or more if they can. Picture half of your debt being erased. What a relief to you, the consumer! In some cases, you may have nearly all of your debt erased, but this is uncommon. For this option to be available to you, many times the debt consolidators require you to have a huge amount of debt totaling $10,000 or more in San Diego credit card debt. If you do not fall within this category of debtors, or you want to give another option a try, bankruptcy is one that is also available to you.

Many people shy away from the word bankruptcy because they are afraid of what it will do to their credit. True, the ramifications can be seen for seven to ten years following your filing for bankruptcy, but in every case, your San Diego credit card debt will be completely eradicated. 100% debt relief is clearly a better deal than 50%, but there are many other aspects to consider before choosing debt consolidation or bankruptcy. Speak to a professional in San Diego today to see what the best options are for your situation.

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