Directory:Redeemed Debt Solutions

MyWikiBiz, Author Your Legacy — Tuesday January 18, 2022
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Redeemed Debt Solutions, Inc.
[[[IMG]logo_large-1.png[/IMG]]]
Slogan"Getting out of debt today requires you to give up something today to get something tomorrow." - Jean Chatzay
Type [[Company_Type:=Private|Private]]
Founded [[Year_Started:=2007|2007]]
Headquarters Template:Country data US [[City:=Folsom|Folsom]], [[State_Name:=California|California]], [[Country_Name:=United States|USA]]
Key people[[Key_Person1:=Jason Whigham|Jason Whigham]], CEO
Jen Ylst, General Manager
Industry[[NAICS_Code1_Title:=Financial Services|Financial Services]]
[[NAICS_Code2_Title:=Support Activities for Debt Settlement|Debt Settlement]]
EmployeesGreen Arrow Up.svg 11 (2007)
Contact P.O. Box 506
Folsom, CA 95763-0000
800.548.0037
[http://www.redeemeddebtsolutions.com Redeemed Debt Solutions, Inc. website]
Reference NAICS: 32311, 32312
Region: [[Region1:=Orange County|The OC]]
Latitude: 35°01'10.59"
Longitude: -90°01'30.35"


Redeemed Debt Solutions, Inc. Bankruptcy is a common concern and misconception by many people. Bankruptcy should be your last resort, if you have no other debt relief options you should do everything that you can not to file. You should view all of your options and avoid bankruptcy. Not only will filing bankruptcy haunt your credit and be a burden to you but it will remain on your credit for the next 7-10 years and you will have a life long accountability for the bankruptcy. During the time you file bankruptcy it will be difficult and next to impossible to obtain a credit card, secure a car loan or any loan of that matter; and a home will be out of the question while filing bankruptcy. After your bankruptcy has been discharged you will be able to buy a home after 2 years but you would have to come up with at least 15-20% for a down payment. In some cases, bankruptcy may be the only option that you have to receive debt relief. Most people do not understand that there are other options to become debt free and on the road to financial freedom. Not everyone is quite clear on when bankruptcy would be your only option. An example would be if John owes 100k in credit card debt and his income is 45k and your bills overshadow your income, filing bankruptcy would be your best option in this scenario. In a bankruptcy if you have personal assets such as home(s), automobiles, or secured assets your possessions may be liquidated and used to pay your creditors. So if deciding if bankruptcy is the right solution for you it needs to be decided if this would be the best move for you and your family. Even though after filing and it has been taken off your record some creditors can refuse you from getting credit or even a loan because you have filed bankruptcy. Also another item with bankruptcy is that you can only file once every 8 years, so the question then becomes why file bankruptcy when there can be other options available to you (debt settlement is an alternative form of bankruptcy) and if you do need to file make sure that it is the last resort that you have. In more cases than not debt settlement is going to be your best option and give you debt relief.


The most sought after form of bankruptcy is chapter 7 bankruptcy. This is sometimes called a straight bankruptcy which is a liquidation proceeding. The person who wished to file would then transfer over all non-exempt property to the bankruptcy holder who would then in turn transfer that into cash for distribution to the different holders of the debt. The enrollee will receive a discharge of all their available dischargeable debt usually within several months. If you have assets while filing a Chapter 7 the judge will cease these assets to cover the debt. If there are no assets to render you then will be forgiven of all debt and then will move towards building credit. Even though you can start to build credit after filing Chapter 7 the cons of filing far out weigh the pros. You may be debt free and possibly have the opportunity of not owing on the debt then the cons are much more damaging and long lasting. This is the main reason why you should avoid bankruptcy. You can have your assets sold off to suffice the debt. Filing will always be on your record and people say that bankruptcy is a short term fix for a lifetime of accountability.. [1]

Please contact Redeemed Debt Solutions, Inc. at 800-548-0037 or please visit www.redeemeddebtsolutions.com and we will be glad to give you a free consultation and show you how to become debt free in as little at 15-48 months, while avioding Chapter 7 Bankruptcy, Chapter 11 Bankruptcy, or Chapter 13 Bankruptcy.


History

Milson Printing started business in 1965 in a small shop on Duval Street in Key West, Florida. As the business expanded, it moved in 1974 to a larger facility in town on Caroline Street, and then again moved in 1998 to its present location in Memphis, where the owner could be closer to the blues music he so loves.



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