Debt Free Destiny

Bankruptcy is a last resort in dispatching debt and starting over with a clean slate of not owing money that you cannot repay – mainly unsecured credit card debt.  But what debt is eligible for bankruptcy elimination?

When you are considering using a debt relief company to help you get out of debt, chances are you will check their ratings with the Better Business Bureau. How do you know what to look for? What you may not know is that in some states, the Better Business Bureau seems to discriminate against all companies providing debt relief services – including consolidation, debt negotiation, debt management programs and debt settlement. For example, if you research any debt relief company operating in the state of California, you will find every single company has a bad BBB rating.

It never hurts to imagine while working towards a better financial position than you are in now.  In fact it has been proven that those who think and act like they are something that they aspire to, have a much greater opportunity to attain that goal.  That applies to the activity of working to get out of debt and seeing yourself in that position.

In an action that seems quite ironic, the debt settlement company, Debt Relief USA, filed for bankruptcy in Texas. Kelly E. Reilly, Alvin B. Bell and James F. Wojcik are listed as the owners of Debt Relief USA on the bankruptcy petition. Consumers who have worked with Debt Relief USA are understandably concerned what will happen to their accounts – and specifically, with the payments they have made to Debt Relief USA which only went toward the company fees and not towards the debt of the consumers.

Countless articles and blogs offer information about how to cut back expenses to save money. From coupons to skipping the coffee shop latte, the idea is that all of these little expenses will eventually add up and save you enough money to pay your debts off faster. Wouldn't it be easier to focus on saving money on your larger purchases and expenses than on chasing down the few cents you can save on the small stuff?