Burst bubble economy and depressed real estate borrowers have been pushed to the point where they can no longer meet payments on their credit cards and consumer debt. For those seeking solutions, the decision often comes down to choosing between a variety of options for debt relief. Options include advice on debt, debt consolidation, bankruptcy, and debt. Of the four, the debt settlement and bankruptcy became the most popular solutions due to its advantages regarding the reduction of current account balance and reducing debt. Read the rest of this entry »