Getting Out of Debt When You Have No Money

Video Transcript

"Hi. My name is Peter Repak; I'm the owner of Clear Financial LLC. We're a debt negotiation company. Getting out of debt, when you have no money. Well, if you have no money, you can't get out of debt. That is just simple as that. What you need to do, is you have to earn income, in order to pay off your debt. But if you're one of those people who actually gets laid off. You're one of those people who just went through a divorce, and all of a sudden, your household income is cut in half. And you have less money, not meaning no money at all, but less money. This is the point where you actually want to have a professional helping you. Meaning, like my company. Clear Financial LLC, can actually help you to get out of debt, through debt negotiation. This is when you actually have to know all of your options. Know exactly what you need to do, in order to get out of debt. If you don't do that, you can get into a whole heck of a lot of trouble, and you don't really want to have that. Now, understand. The credit card company will tell you right away to go to a consumer credit counseling agency. Of course, they will tell you that one because that is how they want you to get out of debt. They are the ones that have been built by the credit card companies themselves. So, be careful what you are doing. Bankruptcy is not always the answer. However, you have to consult with a bankruptcy attorney, you have to also have and seek professional help on this. Don't just try to do it by yourself. It's going to be a rough ride if you try to do it, because there are so many laws, and so many regulations that make or hinder your ability to get out of debt. My name is Peter Repak. I'm the owner of Clear Financial LLC. Thank you for watching."