Are You Fed Up With Sinking Further and Further Into The Endless Credit Card Poverty Trap?
Are you sick and tired of working day and night just to scrape by?
Are you a good, honest, hardworking American who simply deserves a fair shot?
If you answered yes to any of those questions then…
This Will Be THE Most Important Article You Ever Read.
I’m here to tell you that whatever troubles you are facing, there is a solution.
There is light at the end of the tunnel.
If you’re stressed out by creditors endlessly harassing you, then this is for you.
If you’re scared your credit score is taking a beating, then this is for you.
And most of all, if you want to know what you can actually DO about it, then this is for you.
Now before we get to the really good stuff, it’s really important that I tell you…
Some Facts about Creditors Which Can Be Dangerous To Ignore!
Owing on balances you can’t afford is bad enough, so the last thing you need is a debt collector hounding you about it…
And don’t think for one minute that they’ll cut you any slack. These folks are in it to win it, and they want to make as much money as they can.
It doesn’t matter whether you’ve fallen behind from a layoff, health issues, divorce or even reduced income in retirement.
You can be sure of this. No matter how real and good your reasons are…
The Creditors WILL Be Coming After YOU To Collect “Their” Money.
If you have a home mortgage and you miss mortgage payments, your interest in your home is protected by law, so the creditor has to go through a legal process called “foreclosure” in order to take your home from you and your family.
If you have a car and you miss payments, many states have what is called “self-help repossession.” So, if you miss a car payment, the car creditor (which is who you owe your car payment to) doesn’t have to do anything legally to take your car. He or she can simply send someone out to tow it away.
None of that sounds very fun does it?
You might be wondering, “How can I avoid all of that?”
And here’s how:
The best way to avoid all of these is to catch them before they happen.
In other words, you know you’re behind on your bills because for one reason or another, you have debts you simply can’t pay and you know that in advance of any collection efforts.
But there’s a trick, which is this…
The Trick Is To Take Action While You Still Can
You want to do this while the decision making power is in your hands and not with a debt collector.
That’s important because if you want to protect yourself from creditors taking your property then you want to read all about the…
Quick And Easy Steps You Want To Take Today!
Now that we’re diving right in, are you ready to finally discover these money solving secrets that your creditors don’t want you to know?
Can you imagine how you’ll feel when your financial troubles are behind you forever?
It really is exciting, isn’t it? You see, your creditors don’t want you to know that you have options to…
Get Out Of Debt Right Now!
In fact, these “credit criminals” intentionally designed the system to keep hard working consumers like you trapped in debt they will almost never get out of.
And for as long as you are in the shackles of their card holder agreement, you essentially work for them.
That’s right, although you physically show up to your job every day, the person you really work for is that filthy-rich executive sitting poolside sipping margaritas in the sunshine while you sweat and toil to provide for your family.
Doesn’t that get your blood boiling? Well, that’s the reality of the situation.
In fact, it’s so bad that…
Every Hour You Work While In Debt,
Only Makes Them Richer!
Don’t you think you ought to do something about that?
Well, good. And yes, you should. Because it doesn’t have to be that way and here’s why…
When you find yourself in the awful position of not being able to pay your bills, there are several things you want to choose to do.
Fair warning, some of them simply do not help as much as you’d like them to.
OLD FASHIONED BUDGETING
If you have some income left over after you’ve paid all your basic monthly expenses, you might be able to dig yourself out of debt trouble.
The path can be slow and arduous but, with hard work and diligence, you can be successful.
Be sure to prioritize your debts and expenses, listing those that are essential to pay—like the mortgage, utility bills, and child support… and those that might be less important—like department store charge cards or loans from family and friends.
Budgeting is not usually an option if you have lost a large part of or all of you income.
If what you really need is money management education or budget counseling, consider getting help from a credit counseling organization.
These agencies can also suggest options for digging out of debt, provide housing counseling, and refer you to other agencies that provide specialized help. Some credit counseling agencies can contact your creditors to set up payment plans, or create a debt management plan.
If you do want help from a credit counseling agency, check out the company’s credentials first. Not all agencies are legitimate —some charge excessive fees, fail to perform promised services, or provide bad advice.
Also, many credit counseling debt management plans will negotiate a lower required monthly payment for you with your creditors, but if the creditor does not agree to waive the interest, you can actually owe more to that creditor than when you started.
Credit counseling debt repayment plans also will not include any loans on your house or car, so if you are behind in those payments, you will still have to work something out with that creditor.
Debt settlement companies are for-profit companies that claim they can eliminate consumers’ debts by negotiating settlements with creditors that are a mere fraction of the consumer’s outstanding debt.
Many of these companies accomplish little to nothing for consumers and charge hefty fees.
Yes, you read that right.
Many debt settlement companies make promises that they simply cannot keep and leave consumers in worse financial state then when they began.
These companies advise consumers to stop paying debts and, instead, to place money into savings account so that enough money will accumulate to allow a settlement offer to be made to any creditors.
However, most consumers who sign-up with the debt settlement companies find the companies’ promises are empty.
Creditors are under no obligation to settle for less money and often refuse to do so.
So why would you pay a debt settlement company just to be told no anyway?
Consumers who follow the debt settlement companies’ advice usually find themselves subject to creditors’ collection efforts, including lawsuits.
All while the debt settlement company still takes their fee.
In addition, consumers’ credit histories are further damaged when the consumers stop paying debts.
A credit repair company is an organization that offers to improve your credit in exchange for a fee. The companies often promise to handle all the heavy lifting of working with the credit reporting agencies.
Credit repair organizations are different from credit counseling agencies, which are typically a free resource from nonprofit financial education organizations that review your finances, debt and credit reports with the goal of teaching you to improve and manage your financial situation.
According to the Federal Trade Commission, the credit repair industry is fraught with scams.
To help avoid scammers, it’s important to research any credit repair organization before agreeing to work with it.
Many of these companies will simply provide you a form letter to send in to the big 3 credit reporting agencies and dispute every debt listed on your report and wait to see if anyone replies.
Under the rules, if the creditor does not reply within a certain amount of time, then the debt must be taken off of your credit report.
This process is supposed to be reserved for disputing debts that are not reported properly, but many credit repair companies will have you dispute all of them knowing some will not respond and, therefore, your credit score will improve.
Bankruptcy is an affordable and surprisingly easy federal court remedy that can help debtors to get rid of their debt and start over without paying anything back.
The Biggest Reason You Want To File Bankruptcy Is That You Are In Control
You want to file bankruptcy, while you still have the power.
You’re forcing your creditors to accept what you propose in your case…
Whereas all of these other options keep the power in the hands of the creditors… and they can simply say NO.
Eliminating the debt altogether is the best way to make sure you’re getting a fresh start.