If you are considering the help of a debt consolidation service, your credit is already poor, so why not take advantage of the bankruptcy laws that were created to protect individuals in your exact situation and seek debt relief under the law. There are many negative myths about bankruptcy, such as the inability to receive credit cards for eight years and poor marks on your credit record. The truth of the matter is that you already have a poor credit rating if you are considering debt consolidation and pretending that it does not exist is not going to help you solve the problem. You need to be honest with yourself and make a commitment to mend your credit record and regain control of your finances.
Bankruptcy is the legal way to do this in Colorado. In truth, many individuals are able to obtain credit cards within months of completing the bankruptcy process. Additionally, some individuals even qualify for new Colorado home mortgages during the Chapter 13 bankruptcy process. It is important for you to remember that the bankruptcy process was designed to help people, just like you, regain their financial freedom and help them to continue on the road to financial success.
The United State Congress, with the guidance of intelligent attorneys and academics who specialized in bankruptcy and finance, invested a great amount of time and effort into creating a set of laws designed with you in mind; designed to help average individuals get out of debt from overzealous creditors and help them achieve financial success.