Bankruptcy has been always thought of as the best option for those people who are deep down in Credit card debt. You are as it is neck deep in water. If you thought that bankruptcy was CPR, you are highly mistaken. It will give you a watery grave for the rest of your life. You have taken about three to four years to get into debt. Should you now look forward to a good restart or live the life of a pauper? I feel that all of us have the right to a good way of life. To lead a good way of life you need good credit. If you file bankruptcy you are not going to get good credit for more than a decade. So look for something better to bail you out.
Getting into debt is not a crime. But not making attempts to get out of debt once you are down is certainly a crime. For big time debtors the only two solutions are bankruptcy and debt settlements. Debt settlements are in the process of evolution and are being talked of as the best instruments for debt relief. You must commence the search for debt relief online. You will get a large number of results which are more than adequate to confuse you. Mind you, there are a very vast number of smooth operators out to make a quick buck. So take care not to be caught in a scam.
Firstly, do not make payment without a written contract and guarantee. The typical sign of a scam is asking for quick upfront payment and vanishing after that. You must be the one to contact the debt settlement company and not the other way around. Do not sign up with a company contacting you on its own volition. Also do not go by verbal assurances. Always reduce the negotiations to a written contract. Select a debt settlement company that is affiliated to a network. You will never go wrong.