Debt dismissal becomes a good solution for most of the people. As a matter of fact, it’s considered better than debt settlement. It’s difficult when someone overwhelmed with liability. He should look for debt relief soon. Some people take dismissed with prejudice while the others take choose debt consolidation. The second option is the most common among them. It combines the entire debt into a single payment in the next month. It’s both convenient and simple. Still, it doesn’t reduce their total amount of debt. Another thing to consider is the tax. Dismissed debt is way much better than debt settlement. It doesn’t include taxes.

Basic Understanding

As mentioned earlier, debt dismissal is a nice solution. Though, most of the debts can’t be dismissed without prejudice. This is a minor issue, though. When it is about debt settlement, people need to default on their debt. Once they fulfill this issue, they can hire a particular service to help them settle the debt. Moreover, it only applies when there have been some missed payments. What is the result? It may negatively affect their capability to get credit in the near future. In this case, debt dismissal or debt arbitration is the only choice. People can avoid bad credit record.



Both individuals and corporations are able to perform a bankruptcy discharge. It’s a simple answer to deal with overwhelming debt. However, filing for bankruptcy requires many efforts. People can get free from their debt easily. Overall, it doesn’t happen overnight. Not to mention they need to follow the procedures. The aim of filing bankruptcy is to obtain their discharge. It’s a legal document. It shows that their debt has been erased legally. They don’t need to deal with their debts anymore. As long as the debts are listed in this application, they can get relieved. How long does it last? It depends on many factors such as previous bankruptcy record, extra income, etc.

Many People Are In Trouble

It’s also important to learn chapter 13 bankruptcy. What is it exactly? It’s a kind of bankruptcy that allows people to look for debt relief through the court of law. Usually, it happens in people who deal with home foreclosure. It helps them stop the foreclosure immediately. They can use it to keep their homes and other possessions safe while facing creditors. Some people also use it to get back on track. Still, they need the help from a lawyer to file this type of bankruptcy. So, is it recommended to use a service to help them deal with debt collectors? It depends on the companies’ reliability. Some of them promise more than they can help.

Life can be tough sometimes. Many people are struggling under lots of debt. This makes debt negotiation important. People are able to deal with debts and make things more controllable. This is what they call credit settlement. For instance, they can negotiate lower payments. This can work either in a permanent or temporary way. Before they call in the collector, they must make a plan. Not to mention they should learn some negotiation strategies. Unfortunately, not all people are able to negotiate. They need to use the help from an expert, instead.

Remember, debt settlement also works on students. For instance, they can file student loan bankruptcy. There are several options for student loan repayment. Not all students know how to get student loan relief, though. It’s a thrilling experience when students are unable to pay back their loans. They may think about their credit score. It’s going bad, for sure. No worries. They have a solution. The simplest strategy is to delay payments on their loans. This can be done through forbearance programs. There are other methods, as well. They can consolidate their loans into a single loan.

Debt Consolidation is Always an Option

Overall, debt is a common issue among people. In many cases, they aren’t able to repay their loans. They can avoid it by taking a discharge petition. Once the court grants them a discharge order, they become a bankrupt person. This gratification helps them release their current debts. That means they are able to wipe clean their debt using such discharged bankruptcy. As the result, they can make a fresh start. They are able to open for a business, apply for credit, etc. This doesn’t affect their credit score. Unfortunately, they lack information and experience. Filling this petition isn’t easy. I most cases, they need a lawyer.

Whether it is bankruptcy student loans or regular bankruptcy, people can walk away from their debts. Student loans and mortgages are measured problematic to release, though. The law has made it complicated to discharge both student and mortgage loan. It’s due to common belief. Promoting an access to higher education and homeownership is considered beneficial for the society. Homeownership helps people build prosperity. In terms of education, they can achieve better salaries with it. The bankruptcy discharge is though in student loans and home loans. It becomes easier if people hire an attorney.

Further Discussion

 Today, many people are into debt write off. They look for a better debt settlement. However, they must learn the risk as well. For example, they put their house in danger. The most popular form of settlement is refinancing the house. It makes sense in terms of finance. The loan rates are indeed lower than those rates of the credit card. There’s a problem, though. Home refinancing turns unsecured debt into the secured one. People must risk their house in this process. As an alternative, they can take bankruptcy loans. It’s useful when they are living with uncontrollable debts.

Another consideration is the credit card lawsuit. They are able to negotiate a credit card. However, credit reporting agencies observe the process in a regular manner. Not to mention people should be 3 months behind on their CC payments. This is a prime requirement prior to negotiating. After all, credit card forgiveness remains on their report for years. Just because they have gained forgiveness, doesn’t mean they can wipe out their debt entirely. On top of that, they can’t avoid bad credit with it.

Credit card is an easily available source of capital arrangement which is ideal to be used in urgent needs of funds. But to earn more and more financial gains, banking and finance sector has promoted it as a source for shopping and other daily expenses. Credit cards comes with the high interest payouts upon the used credit limit, hence it is an expensive way to attain redundant facilities. It is seen, often, that this payback with high interest becomes issue at the time of payment and causes a credit card debt to a person, making them defaulter.

In case of payment default, people use to go with the couple of option; debt settlement and debt dismissal. Debt settlement is a process of settling down the entire amount at negotiated price whereas debt dismissal is a process under which it is not required to pay back the debt amount entirely. Credit card debt dismissal can be done without and with prejudice. The option of debt dismissed without prejudice is followed by a legal case against defaulter or the debt collector can sue the defaulter again. Once the creditor has notified any of its debt holders, it is necessary to make the arrangements of debt discharge or to challenge them in the court of law.

As soon as the case is called upon by the respected court of law, the decision can be taken into consideration by the legal bench and further judicial proclamation consisting of debt relief or debt payout orders can be obtained. In case of looking for dismissal of entire debt, a person can claim a social security aspect to guard its payout failure. This can be done by asking for considering regarding individuals debt to income ratio (DTI), which represents part of debtor’s monthly income used to pay its loan amount. If the ratio of the DTI of a defaulter exceeds more than a legally determined scale then the debt payout is considered as unjust and can be dismissed by the honorable court of law. These kinds of judgments are based on the argument that the person’s ability of payout a debt is misinterpreted for the purpose of false financial gain by the credit company and thus now default amount should be bear by them. It is not advised and illegal to borrow the loan beyond the capacity of person’s debt to income ratio, which is a measure of an individual debt paying capacity.

Debt Troubles Got You Down?

Do you have at least $10,000 in credit card and other unsecured debt?

Are you struggling to make your payments?

Has your lender violated your rights as a consumer?

Would you like to have your debts- LEGALLY DISMISSED without hurting your credit and have the protection of an Attorney throughout the process?

Our network of Attorneys can represent you and LEGALLY HAVE YOUR DEBT DISMISSED using U.S. Federal laws!

The banking industry routinely violates the law…just recently HSBC Bank was fined $1.9 billion for laundering drug cartel money; American Express was fined $112.5 Million for customer debt collection practices and Capital One was fined $25 million and forced to refund $140 million to its customers!!

Chances are, if you have had your credit cards for more than one year and have had a change in the terms, conditions and/or interest rate in your card…then your rights have been violated under U.S. Federal Law. Most likely, your bank has treated you with unfair & deceptive practices and these violations can be the basis for our panel of attorneys to DISMISS YOUR DEBT!!

Our program is completely different from Debt Settlement

Debt Settlement provides you no legal protection; can have significant IRS tax consequences (1099C) and will have negative credit score implications…

Debt Dismissal provides you full legal protection; has no tax consequences; offers credit score protection and will take half the time to achieve a successful conclusion!!

It’s time for you to take a stand and FIGHT FOR YOUR RIGHTS!!

This is the sensible alternative to Bankruptcy..

Availble to consumers who are current, delinquent, being sued; but not for those who are post judgement…..

In the last quarter (4Q 2012), our panel member attorneys have dismissed or partially dismissed over $1,776,766.12 in consumer debt. These dismissals included various stipulations that included many of them having no 1099 liability and the trade line being deleted as well.

They also obtained $249,325 in fines for violations of consumer protection statutes that various creditors and collections companies were guilty of.

The results that the attorneys on our panel can achieve are real. They are documented and can be discussed with your assigned attorney when he reviews your case and accepts you as a client.

Not available in Canada….

Don’t Be A Victim

Examples of violations:

Collection calls and letters/bills after receipt of attorney’s representation letter (each attempt incurs monetary damages/ used to offset and dismiss the original debt)

Inability to calculate payments without using algorithms

Not able to produce documentation of charges

Change of interest rate from time of origination

Pros and Cons of Debt Settlement

If you have so much debt, you may begin to find a way out.  Most of the people would prefer a debt resolution or debt settlement. The debt resolution vs debt settlement is an option to solve any debt matter. It is a choice which promises to help you solve your debt problem for much less than what you have owed to be a solution for their financial woes. However, it is not that easy to solve the debt. Debt settlement is not everyone and without consequences and pitfalls. What is actually debt settlement? It is simply hiring a debt settlement services or debt resolution companies to help you negotiate on the personal collection, loan, and credit card to get lower payoffs. Some of those debt negotiation services usually offer their service as debt consolidation in which the objective is the debt settlement negotiation with your lenders or creditors.

Debt Settlement Overview

The debt settlement is known to be able to reduce the payment which you must do each month that will be converted into manageable payment. You first have to accumulate numbers of debt you have so your debt negotiation services will manage your debt. Usually, it is done by onetime payment and the service will handle your debt about 75% of your balance. Somehow, debt settlement can be a great idea to save money and you will never pay to your creditor anymore. You may settle your debt with a zero balance but your delinquency history will still be there.

You may need to know that this process will harm your credit, but if you really do not have a way to solve your debt, applying for credit card debt settlement can be a good idea. Somehow, you will still be called by your creditor and ask about the payment. It happens to you because you do not tell your creditor that you are in the program of debt settlement and then forward your creditors to the debt resolution companies for faster solution relating to your debt. You also need to be more “saving” and throw out your spending habit and start with the debt resolution. After the debt is settled, you can go to the program of credit repair for credit rebuilding up. The process may take a long time but it can be better for you.

The Process of Debt Settlement

If you decide to hire a debt settlement service, then it means that you hire a debt settlement attorney to negotiate with your creditor or when you want to get credit card debt settlement. The service has a duty to negotiate much lower money to pay for you. The debt negotiation services will pay your debt to the creditors, but you also have to pay debt settlement to the company each month. You must be asked for not to communicate with your collector or lender when hiring a debt settlement company. The purpose is to make your collector feels desperate over the debt payment so that they will be open minded and be able to accept the settlement deal that will be made. The deal is made so that the credit card company or the lender will agree to let you pay lower payoff.

The Pros and Cons of Debt Settlement

There are also some debt settlement pros and cons that you have to know. There is a clear benefit of debt settlement in which you can pay single monthly payment that is really affordable and it is even much lower. Suppose the settlement is acceptable, you may pay so much lesser than your debt. The amount would be less than 50 percent of the actual debt which means that you can save your money for the future.

Somehow, you must not forget the cons of the debt settlement that you may not wish to have. There are several cons that you can get when dealing with debt settlement. The debt settlement cannot be used by the people who do not have poor credit. So, you must have very poor credit unless your credit score will be dangerous. When you finally settle your credit card debt relief government, the Credit Card Company, collector, and the lender would make a debt report as “the settlement accepted which will make your credit card report damaged for 7 years.

In addition, despite you do not care about your collector as you are asked by the debt negotiation services, they would still make a late payment status report that will be given to credit bureaus in which it is still becoming bad until the account goes to collection or charged off or it is already settled as it becomes the main goal of a debt settlement company. There is still another drawback in which when you pay the settlement service, the company commonly does not tell you the exact money you must pay monthly and how much is the fee for the service.

In summary, debt settlement service or debt negotiation services can be a good option for those who really need it but it can also be bad. It is better for you to solve your debt without debt resolution companies when you can solve it by yourself. Besides, this debt settlement letter also cannot be used by arbitrary persons. It means that there are some people who can use this settlement service. Suppose you really want to hire a debt settlement service, you have to know the exact cost that you have to pay each month to the company so that everything will be clean and transparent and you will not get a loss at all.