Day 9 of Day 30 Credit Tips – Alternatives to Filing Bankruptcy

Today is Day 9 of Day 30 Credit Tips on Alternative to Filing Bankruptcy.

I have had a lot of individuals ask me whether they should file for bankruptcy so I want to provide some alternatives to filing for bankruptcy.

  1. Obtain a second job in order to pay down your credit card debt.
  2. Work directly with creditors to see if they can work out a payment plan for you.
  3. Get credit counseling with an expert that has an excellent debt management plan and can assist you with planning and maintaining a budget.

Bankruptcy can immediately drop your credit score by 200 to 250 points and bankruptcy will be reflected on your credit report for up to 10 years.

Seriously weigh all your options before filing for bankruptcy. Get expert advice on your situation as there may be alternatives/opportunities for you to utilize that can help you get back on track. It will take hard work but it will be worth it in the end.

Did This Help You? If so, I would greatly appreciate it if you commented below and shared on Facebook.

Tania N. Johnson
Facebook –

“I create financially stable leaders empowered to achieve their greatest financial potential!”

PS: There are 10 Credit Myths the Credit Agencies don’t want you to know so you can protect your assets. To get your copy of this free report click here.

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