This administration realizes that the economy is bad and people are suffering. President Obama is trying to put a limit on the amount of interest the credit card companies can charge you. But perhaps you have already gotten into trouble with your credit card and don't know what to do about it. Many other Americans are in the same boat. Most of them don't know that there are solutions to their problems so they struggle along without looking for help. They think any such search would be futile.

But it wouldn't be a futile search, as there are companies that are willing to help you find solutions to your credit card debt problem. You can cut as much as 50 to 60 percent from your credit card debt total amount if you get their information and follow the instructions they'll give you.

Credit card companies don't want you to know about this because they make up to $700 billion a year profit from your debts. Most of this is from interest that keeps piling up, leaving you a slave to your monthly bill, a bill that probably will never come to an end in your lifetime. The companies don't want to tell you that you can shave $5,000 off a $10,000 bill because as long as you're paying something each month, the company is going to stay in business. Indeed, it's going to thrive-at your expense!

Imagine being a young person under 30 who already has $20,000 worth of debt. It seems like you can't even get on with your life without filing for bankruptcy. That used to be the only way out, but now there's a better way for you.

If it would be worth it to you to halve your debt, be sure to start this process now. Don't wait, because every minute you wait is more interest added on to your debt. That makes you poorer and the company richer.