Why do I hear on TV and Radio that Bankruptcy Ruins my Credit?
Because often the companies advertising this information are going to benefit by talking you out of filing for bankruptcy. They want to put you in repayment plans that only pay either all or a large portion of your debt back, while taking part of your payments for their company’s profits.
Many of these so called “consolidation companies” are linked to and/or funded by the credit industry. Notice most claim to be non-profit, but one must ask, ”Where do they get the money to pay for their advertising that bashes bankruptcy and that promises to lower my credit card payments?” Where do they get the money to pay for all those employees? Non-profit? Think about it.
Lee Abt is an Experienced Bankruptcy Lawyer in New Jersey - Call Today!
856-914-5100