Originally posted 2010-03-20 04:46:42. Republished by Blog Post Promoter

If you are looking for a St. Louis debt settlement office to be the solution to your credit card debt, harassment from your creditors, and the effects debt is having on your life, you may be in for a surprise. Many people fall for the allure of the average debt settlement advertisement–making promises that sound too good to be true and implying that you’ll be able to just throw your debt back in the face of your creditors.

Regrettably, most promises that sound too good to be true usually turn out to be just that: too good to be true.

The basic idea of debt settlement is that you’ll be able to negotiate with your creditors and only pay pennies on the dollar for your debts. If that were the solution to all the problems that come with debt, debt settlement companies would be a booming industry. Being in debt is more than just owing money to a lender. It changes your life—creditors harass you over the phone, threaten to foreclose or repossess your car, and even garnish your wages or levy your bank accounts.

Unfortunately, a debt settlement office in St. Louis doesn’t have the legal power to stop any of these things from happening to you. They don’t even have the power to eliminate your debt completely, stop you from being sued, or stop interest and late fees from accumulating on all your debts. There are also hefty fees associated with debt settlement—and no promise of any result. Debt settlement offices have you make payments directly to them until they get enough of a pool of money to make an offer to the lender. To make matters worse, the biggest portion of your initial lump sum is for their fee.

On top of all this, many debt settlement offices in St. Louis have turned out to be fraudulent companies. So, where can you turn when you need to stop a wage garnishment, get protection from foreclosure and repossession for your family, and completely eliminate your debts with very few exceptions?Not only can Missouri and Illinois Chapter 7 bankruptcy protect you from your creditors legally, it can also get rid of your debt altogether instead of just settling it for pennies on the dollar.

Chapter 7 bankruptcy is a powerful federal law—and your creditors must face the facts and accept your bankruptcy. That must be why people who are truly dedicated to escaping their creditors and the negative effects of debt tend to contact a St. Louis Missouri bankruptcy attorney instead of debt settlement. To educate yourself on the safest ways to get out of debt, find free information from experienced St. Louis, Missouri bankruptcy attorneys in your area.

Missouri Bankruptcy attorney James Brown has been working to relieve the debt of hard-working American families for over 15 years. He has dedicated his career to educating consumers about options for debt relief and has released 5 publications, including, “Get Out of Debt: Secrets Your Creditors Don’t Want You to Know.” You can request a free copy at http://www.castlelaw.net

Article Source: ArticleSpan

Filed under: Debt Collection Articles

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