| September 28, 2009

Take care when considering bankruptcy for debt problems

Many people may find themselves contemplating bankruptcy when looking for debt help.

In a recent story for NY1 News, reporter Asa Aarons responded to a question put forward from a viewer about bankruptcy. The viewer was wondering if, given the nation’s financial difficulties, declaring bankruptcy makes sense.

Aarons noted that some bankruptcies can stay on a person’s credit history for 10 years. Those would include Chapter 7, 11 and 12 bankruptcies. Chapter 13 bankruptcies can stay with a consumer for seven years.

"I know things are tough, but bankruptcy is a big step that can hurt you for years, so make that decision carefully," Aarons said.

Bankruptcy rules dictate that people need to seek credit counseling before taking on bankruptcy.

Along with advising about bankruptcy, credit counseling can help consumers through setting up a debt management plan, which can help them with managing money. Through a debt management plan, people use the credit counseling service in order to pay off their lenders. Credit counseling can also help consumers through debt consolidation.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

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