MarketWatch.com: Your Options if Credit Card Debt Getting You Down
Yesterday’s article by Gail Liberman and Alan Lavine MarketWatch runs down some options if you are in credit card debt and need a lifeline. While going to your credit card company and asking for a lower interest rate or a “debt workout” might help, watch out for the possibility of a ding on your credit report as a result. New bankruptcy rules have made Chapter 7 bankruptcy harder — Liberman and Lavine suggest going to this site for a “means test” to determine if your financial situation would qualify you for this type of debt protection.
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