Because of my extensive debts and past due obligations I was ashamed to engage in conversations related to my financial problems with my family or friends.  I felt like a failure and helpless because I couldn’t pay my debts and bills.  However, I looked over the damage of all the debt amassed by my failing business and I realized that I was blessed that most of the liabilities and debt I owed were in the form of credit card debt.   Even if at face value I was a good candidate for bankruptcy as the attorneys told me that I was, bankruptcy just did not seem right too me.  If bankruptcy was and option, I just did not like the idea of allowing some government bureaucrat to scrutinize every aspect of my life and business dealings or looking through my assets for value to garnish.

I started looking for alternatives by researching books and reading articles on the internet about collection companies and debt settlement. After a few days of research it became apparent that credit card debt resolution through settlement was the answer, but only if used with debt validation techniques.  After reading and searching, I became aware that I was not the only one struggling financially and that others had felt the way I did before me.  I discovered there were several assets that even though they were not putting money in my pocket at the moment they had value and had cash flow potential that I should protect.

It was obvious that I should stop fighting with my self about whether or not to refinance my precious assets (i.e. house, cars, motorcycle, etc.).  I decided to take an alternative proactive approach to my situation by finding ways to resolve the credit card debt and move on with my life.

Have you ever found yourself feeling like a failure and helpless due to excessive credit card debts?

Do you have assets that you want to protect from creditors? If so which ones and why?

What alternatives to bankruptcy have you found available and what are the pros and con’s of each of them?

Make a list of creditors by name, and next to each, write the dollar amount they say you owe.  Then total that column and insert that total dollar amount into the following statement:  ” I am so very grateful for receiving $X,XXX,XXX.XX in unsecured credit cards”

Keep posted on the blog and you will soon realize that the “debt” you thought you had is really tax free and debt free money, as long as you choose to keep it.  I hope my experience and this blog will help you understand more about why debt resolution through debt validation is the answer.