$10,000 In Credit Card Debt Or More? Government Help With Legal Ways To Get Rid Of Credit Card Debt
Over and over people ask themselves: "Does the government help anyone with credit card debt of $10,000 or more?" Absolutely not! Regrettably, the government was able to come to the rescue of Wall Street, banks, and other huge financial institution, So, now there are no available programs that aid working class tax payers burdened with credit card debt spiraling out of control.
The bailed out credit card companies are rebounding by doubling their minimum payments from 2% to 4%.
The big three: MBNA, Citibank, and Bank of America recently proclaimed that they are all doubling the minimum monthly payment.
Soon, the other banks will follow their lead.
So, in your case, if you are already over your head in credit card debt, more tough decisions are coming quickly.
Specifically, you will have to decide how to get rid of your credit card debt legally while not going into bankruptcy.
Do you know your options? Get Out Of Debt This Way You should know that if there is any way you can pay twice the monthly minimum payment on you credit card balance, do it! You can then pay off your debt faster.
However, for all the rest, paying double is devastating and you will be overwhelmed.
If you are only paying the minimum fee every month, you are guaranteeing that your debt will outlast most relationships, including marriage.
That sounds pretty grim, huh? Let me draw you a picture: Say you charged $2000 in expenses to your credit card with an interest rate of 18%.
Then you put the card away and never used it again.
If you make the minimum payments on time every month, it will take 30 years to repay that debt.
Also, you will be handing over more than $5000 in interest charges.
So, if you are not terrified and this is not causing you to reconsider how to get rid of the debt quickly, then nothing will.
How To Find a Debt Settlement Deal I understand that if you do not have any extra cash and you are budgeting carefully, $10,000 or more on your credit cards is going to put you over the top.
Now is the time to find help and get out of debt quickly, so that you do not end up penniless.
Luckily for you there are plenty of companies that are willing to help you find ways to get out of credit card debt.
They will reach a settlement deal with your creditors for you.
Incredibly, your debt can be reduced up to 50% of the total of what you owe.
So, what this can mean for you is that you can be debt free in one to three years, instead of 10 or more years.
Can you imagine what a tremendous feeling is will be like to live a debt free life?
The bailed out credit card companies are rebounding by doubling their minimum payments from 2% to 4%.
The big three: MBNA, Citibank, and Bank of America recently proclaimed that they are all doubling the minimum monthly payment.
Soon, the other banks will follow their lead.
So, in your case, if you are already over your head in credit card debt, more tough decisions are coming quickly.
Specifically, you will have to decide how to get rid of your credit card debt legally while not going into bankruptcy.
Do you know your options? Get Out Of Debt This Way You should know that if there is any way you can pay twice the monthly minimum payment on you credit card balance, do it! You can then pay off your debt faster.
However, for all the rest, paying double is devastating and you will be overwhelmed.
If you are only paying the minimum fee every month, you are guaranteeing that your debt will outlast most relationships, including marriage.
That sounds pretty grim, huh? Let me draw you a picture: Say you charged $2000 in expenses to your credit card with an interest rate of 18%.
Then you put the card away and never used it again.
If you make the minimum payments on time every month, it will take 30 years to repay that debt.
Also, you will be handing over more than $5000 in interest charges.
So, if you are not terrified and this is not causing you to reconsider how to get rid of the debt quickly, then nothing will.
How To Find a Debt Settlement Deal I understand that if you do not have any extra cash and you are budgeting carefully, $10,000 or more on your credit cards is going to put you over the top.
Now is the time to find help and get out of debt quickly, so that you do not end up penniless.
Luckily for you there are plenty of companies that are willing to help you find ways to get out of credit card debt.
They will reach a settlement deal with your creditors for you.
Incredibly, your debt can be reduced up to 50% of the total of what you owe.
So, what this can mean for you is that you can be debt free in one to three years, instead of 10 or more years.
Can you imagine what a tremendous feeling is will be like to live a debt free life?
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