Debt Settlement - An Effective Bankruptcy Alternative

Many people who’ve been backed into a corner because of debt rush into bankruptcy, not knowing that there are are viable bankruptcy alternatives. Although the debt relief provided by bankruptcy is immediate, bankruptcy should be thought of only as a final resort because of the ongoing implications it has for the rest of your life. Therefore, bankruptcy alternatives should be considered prior to moving forward with a bankruptcy filing.

Most people who file for bankruptcy don’t consider this aspect until they’re confronted with the ever-present question on loan, employment, educational and/or licensing applications: “Have you ever filed for bankruptcy?” Because bankruptcy remains an option that can be invoked at any time in the debt relief cycle, it’s almost always wise to search for a bankruptcy alternative first such as Debt Settlement through WCCD.

"Many employers -- including the federal government --
routinely scour credit reports on current and prospective
employees to help decide who's hired or fired."

-Source: Liz Pullamn Weston, MSN Money


Filing for Bankruptcy Bankruptcy is tracked legally for 7 to 10 years, however negative implications may last your entire lifetime and affect your career. Expect difficulty in obtaining new credit, or receiving only very high interest rates. Some employers will consider your bankruptcy in their hiring decision. In some circumstances, your assets may be liquidated. You may loose your home, car, and other financial assets. Some of your debtors receive no compensation, and are left unsatisfied.	WCCD's Bankruptcy Alternative For the most part, credit blemishes are counterbalanced by the fact that your outstanding debt is reduced. There is no lingering stigma. Credit rates offered are based only on your credit score, which improves with a history of making payments on time. The program is not a factor for employers. The amount you owe your debtors is reduced through a negotiation. Your assets are not liquidated for repayment. Reduced repayment is negotiated with your debtors, and is considered repaid.
Bankruptcy is an extreme debt relief solution which can impact your financial status for up to 7 years, including your job and ability to get a loan. While bankruptcy is the best solution for many extreme circumstances, WCCD recommends that you consider a bankruptcy alternative prior to moving forward with filing for bankruptcy.

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Upon your submitted debt settlement quote request, WCCD will attempt to have a certified debt mediator contact you through the contact information you provide. We look forward to helping you wipe out credit card debt, and learn more about or bankruptcy alternatives.