June 8, 2011 - The term “debt relief” materializes several different ways but has one specific meaning--relieving debt as the partial or total forgiveness of debt. This can be done through re-organizing and re-prioritizing finances or by working with a debt relief company to reconcile the balance to a manageable amount. Debt relief is needed in order to rebuild credit, maintain or increase personal or commercial savings and to reduce the stress and burden placed upon individuals who carry unresolved debt.

June 1, 2011 - Although bankruptcy will make the calls stop, it will leave deep scars on your credit report. According to financial guru, Dave Ramsey, bankruptcy is never the answer. He writes about bankruptcy on his website and says, “Bankruptcy is not something I recommend any more than I would recommend divorce.” Ramsey continues by saying that bankruptcy is listed as one of the top five life-altering negative events in person’s life, along with divorce, severe illness, disability and the loss of a loved one.