Debt Management Stories - How You Can Get Rid of Debt in 2010

Your journey toward debt relief may be an accumulation of stories. Stories of job loss, a bad economy, and having to travel a rough road to recovery. These stories can all be brought to a happy ending if you can get rid of debt in 2010 and strive to make the story of your financial future a brighter one. How can you get rid of debt in 2010? There are a few options available to you, some better than others. You've heard the horror stories of bankruptcy. People going belly-up and opting out of their obligations through lawyers and courts only to come out of it all with an atmosphere of negativity surrounding their future credit worthiness. Bankruptcy is a tale of woe, probably one you want to avoid. So here's some thoughts about how you can get rid of debt in 2010 and make your debt management story a positive one in the telling:

• Should you file bankruptcy? - Talk to people who have filed bankruptcy to hasten their debt relief and listen for their true feelings about the process. Ask them if they thought it was the right thing to do and you'll sense an underlying current of doubt. Maybe they found debt relief, but at what cost? How's their credit now and what about their long term future financial outlook? Bankruptcy isn't a debt management story, it can be more of a debt management nightmare. Debt relief through bankruptcy may not be the path you want to take to get rid of debt in 2010.

• Debt settlement - The story these days is the economy. Maybe it's on the upswing, but creditors realize the time is now to settle with consumers before they do take the low road to bankruptcy. Creditors are now willing to settle for less, up to 50% of what you owe, so they come out of this economy with a good story of their own. Your story would be that you paid off your debt responsibly and quickly and your financial picture of the future has improved significantly.

• Debt settlement companies - Legitimate debt settlement companies are out there to help you find debt relief. Make your debt management story of 2010 a best seller.

Debt settlement is a legitimate way to make a deal with your creditors and walk away only having to pay half of what you actually owe. If you have over $10,000 in unsecured debt and realistically can't pay it back then you might want to consider debt settlement.

To locate legitimate and reputable debt settlement companies in your state check out the following link: