Answers about Debt Elimination and Fraudulent Schemes

I am in financial straits. What are the legitimate options for satisfying my debt?

There are three basic methods for satisfying all debt owed:

  • Pay the debt in full.
  • Negotiate new terms directly with the lender.
  • Declare bankruptcy in a court of law.

Keep in mind that bankruptcy will be reported on your credit history for ten years and may make it very difficult for you to acquire credit in the future.