"I've missed more than 9000 shots in my career. I've lost almost 300 games. 26 times, I've been trusted to take the game winning shot and missed. I've failed over and over and over again in my life. And that is why I succeed."
9 Steps To Get Out Of Debt - Part 7 Step 7 - Avoiding Future Debt So far this series of articles has covered how to get out of debt. The remainder of the series will teach you how to stay out of debt, stop living paycheck to paycheck and how to start saving and investing for retirement. If ... All about Debt Consolidation loans Debt consolidation loans can be the answer to a number of financial problems, but before you take the plunge, make sure you're well informed. What is a debt consolidation loan? Debt consolidation is when you arrange a single loan to cover a number of ... Get Help With Consumer Debt Counseling Service It is difficult to know when you might need to seek help with those high credit card bills and overall debt. You want to be self reliant and it's hard to admit you need the help. Keep in mind, though, that the longer you let debt problems fester, the more ...
After Bankruptcy Reform, Consumers Are Now Learning How To Discharge Debt
Thanks to the new bankruptcy reform laws, many Americans who are overburdened by their credit card debt will no longer qualify for Chapter 7 bankruptcy protection. However, consumers need to know that an alternative exists for people to walk away from 100% of that debt, without bankruptcy, consolidation, or refinancing. The program is applicable to all major credit cards, unsecured lines-of-credit, and signature loans.
The process that is used to discharge debt is based off of U.S. Supreme Courts decisions, Title 15 United State Code (USC) section 1692, the Fair Debt Collections Practices Act, section 1601, the Fair Credit Billing Act, the Uniform Commercial Code (UCC), section 203, and numerous Banking and Lending laws.
There are many cases that have already been decided on when it comes to the issues of money, credit, and banking. The collection of interest on credit issued by a bank or a credit card company is in direct violation of all usury laws. In addition, the United States Supreme Court has ruled time and again against the legal authority for banking institutions to lend credit. Both Federal and state laws allow banks to lend money, but banks do not have the authority to loan credit.
Even with the reform, some bankruptcy protection is still in place. However, consumers must obtain credit counseling from an approved agency within six months prior to filing for bankruptcy. Also, the consumer may still be required to repay most of their debt. In addition, being enrolled in credit counseling will show up as a negative on a consumer's credit report, as damaging to credit as a bankruptcy.
A large percentage of people with debt trouble were not irresponsible with their credit cards, but have had some type of crisis in their lives. This program is giving people a fresh start on their financial lives. A 'do-over' you might call it. Without the credit-sting or shame of bankruptcy. Let's face it, for people who are carrying $20K, $40K, $80K, or more of credit card debt, unless they win the lottery, they are never going to pay it off. The time-tested legal procedures used to eliminate credit card debt have been used by thousands of people with tremendous success. It is truly the alternative to bankruptcy, credit counseling, and debt consolidation. For more information, visit http://www.TrueDebtAdvisor.com.
About the author:
After enduring a failing software development company, Jim Vrana found himself deep in debt, and looking for a better way out. Now touted as The True Debt Advisor (http://www.TrueDebtAdvisor.com), Jim Vrana's mission is to educate and empower people to overcome their financial challenges.
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