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Bankruptcy is a way to potentially rid yourself of your debts but it is a long and painful process leaving a financial scar on your credit that can last for decades. The financial impact is harsh on you because a bankruptcy stays on your credit report for 7-10 years so every time you apply for a line of credit you can be impacted. Many people do not even realize that a bankruptcy can stay on their personal records for over 20 years - which means applying for a new job, a car loan, to rent an apartment, or even insurance your previous bankruptcy filing can easily be uncovered.
Most people will do anything to avoid filing bankruptcy and for many of our newest clients, RAM Financial Service’s Debt2Prosperity Plan was a perfect alternative. No one likes to talk about the fact that they are going through a bankruptcy, and know that bankruptcy is not an easy or even a quick fix. It is a very serious financial decision with serious consequences that can affect you for years to come. If you are currently considering bankruptcy, you should contact a lawyer to discuss this option.
RFS’s Debt2Prosperity Plan is a great substitution to bankruptcy. Our team of Debt Resolution Specialists has one goal - making you debt free without having to suffer the life changing impacts of a bankruptcy. Many of our clients are ecstatic to find an alternative to bankruptcy that still solves their debt problems.
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