I filled out an online application for information about getting rid of debt, and I’ve heard that you can legally eliminate your debt?? I’ve know that Settlement is a good option, but not sure about Elimination. Anyone know?
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what would happen if we discontinued all debt owed to others and started from scratch?
Like completely take down the economy, scrap it and liquidate all debt. This way we can start from scratch. It may take a couple of years, but what would be the outcome? Would other countries recognize our elimination of such debt.
The world doesn't trust us now, why would it matter?
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Many companies around are scams, so be careful. Here is a good site. http://www.SettleDebtForever.com. I eliminated $8,000 in debt 2 years ago. They also help with credit repair. My credit score was bad for about a year, but then it shot up pretty far in just about 30 days after I started the repair. Right now, it’s 803. Just make sure you know what you’re signing up for. I was happy with this company, but I was ready for what could possibly be at stake having low credit for awhile, but as long as you don’t want to buy a house or car for 12 months, then it’s usually ok. And with http://www.settledebtforever.com, you can choose either complete elimination or settlement, if you’re not comfortable with one or the other. Just remember to research anyone that you sign up with! There are some legitimate companies out there, but just as many bad ones.