There are many feedback I received from the credit card survey asking whether they can settle their credit card debt even they are in bankruptcy.

If you are one of the many who have the similar problem or about to get into similar situation, then you must read this articles till the end.

Declare bankruptcy always the last resort for get out of credit card debt. However, it is not the only solution for you current situation. A lot of people though they can get rid of the deep shit by walking through the bankruptcy for 5 years and come out from the financial nightmare they have.

It may seem easy but still there are a lot of peer pressure from friends, relative even your family members. They probably look at you differently when you are bankrupt. They probably will not pick up your call or avoid you when meet on the the street or in gathering party.

Besides that, you will find it difficult to get a job. Most of the employers are not keen to hire people who declare bankrupt. Even you get hired, what about your colleagues? What will they think about you?

You probably feel the invisible pressure from everywhere, the moment you wake up from your bed every morning. Unless you are prepare to face it, otherwise, don’t think you should declare bankruptcy too soon.

You should look for alternative way to solve your credit card debts. I have a few tips for you:

  • Start manage your money right now, even you only have very limited income,
  • Stop spending more than you can afford,
  • Seek help from credit card debt consolidation expert,
  • Start working on your debt repayment plan,
  • Give up luxury lifestyle living and start live with basic lifestyle living.

Remember, everything start from small, when you start identify your currect credit card debt, you will start looking for way out. The moment you got solution for credit card problem. All you need is consistent efforts to settle all credit card debts.

In my “Get Out of Credit Card Debts Guide for Malaysian“, I point out some of the ideas for you to consider. Go to find out how this guide can help you.

Popularity: 14% [?]