Daniel Rodriguez
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Why you might consider debt relief
When you’re bogged down by huge debt, it can leave you overwhelmed. You might not see any way out for alleviating it and paying back your creditors. However, one strong option you have is to file for bankruptcy if the circumstances make it appropriate. If you can’t pay back your unsecured debts over a period of five years with strict budgeting or your total debt is half of your gross income or more, it’s your best bet.
If you could foreseeably pay back your debts over a five-year period, you might want to choose debt relief in the form of debt consolidation and a debt management plan.
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