Although the ads and claims made by the company seem tempting, you may want to watch this video first before visiting their website. Debt relief is not as easy as they claim it to be.

The superior of the two in this case is bankruptcy. Sounds controversial, I know but by watching this video you will see why.

It has become widely recognized by their commercial ad. In this ad you have a well distinguished gentleman making several claims that are appealing in nature to the individuals who find themselves in credit card trouble.

The problem is these claims are not based on facts and for the uninformed consumer could be quite detrimental.

In the commercial the spokesman states: ” Their is a secret that the credit card companies don’t want you to know. If you have $5,000.00 dollars or more you have the right to settle on this debt for a fraction of what you owe.”

This is a total false hood and completely untrue. In addition the spokesman guarantees that they can provide proof of this claim so do not consolidate your debt without letting their company negotiate first.

Again another fabrication. I explain why in this video.

#1) A bankruptcy provides you a clean slate, where as a debt settlement you still have the debt if they do not settle the debt with you.

#2) Debt Settlements require the creditor to take less then what is owed. In addition the amount that was not paid for will lead to a taxable event in which they will send you a 1099 for the difference.

#3) In a Bankruptcy chapter 7 one time payment to the attorney and you don’t have a 1099 to deal with for taxes. Where as a debt settlement there is the possibility the debt(s) could resurface. A Bankruptcy provides a clean slate and the worry of it resurfacing is eliminated.

#4 Bankruptcy provides a legal guarantee all debts are taken care of. Where as a debt settlement they can sell the debt to another creditor allowing them to try to come after you financially.