Unsecured Credit Card Debt Help - Ways to Legally Eliminate Your Credit Card Debt
For the sake of formality, I am compelled to mention solutions like consolidation, credit counseling, debt management plans and interest and repayment holidays here.
In my opinion, none of these solutions help eliminate credit card debt.
Instead, the only help you manage your debt better.
Of course, there is nothing wrong with these tactics.
There is no doubt that there are many individuals who are benefiting a lot from the presence of these solutions in the market.
However, I feel that going in for a debt consolidation or an interest holiday to overcome your credit card debt problem is like trying to fight a hungry lion with a pen knife.
You will have to be very lucky if you succeed.
If you want to legally eliminate your credit card debt, you should go in for a debt settlement.
This elimination policy actually brings down your debts by more than 50%.
That is right.
For very long time, we have forgotten what elimination of debt really means.
We feel that reduction in the interest rate that will help us manage our debts better in the future date is equivalent to elimination of debt.
No.
It is only when your unsecured debt comes down by a huge amount and the repayment amount becomes manageable can actually say that you have eliminated your credit card debt.
Needless to say, any and every expert who can help you get this debt relief should rank high in your list of experts.
The World Wide Web will help you get in touch with a large number of individuals who specialize in these transactions.
They negotiate with the credit card companies and bring your total amount owed down to manageable levels.
Unlike other solutions that only claim to reduce debt, this solution will actually bring your debts down.
Further, you will have a clear idea how much you have to pay over what span of time to bring your debts down to zero.
There is nothing stopping you from making use of another credit card to continue dealing in unsecured debt.
You are not automatically banned from using a credit card.
It is just that you will have to pay high interest until your credit card debt comes down to zero.
The lender just needs to be reassured that you will not go in for a debt settlement again and again as a matter of habit or compulsion.
In my opinion, none of these solutions help eliminate credit card debt.
Instead, the only help you manage your debt better.
Of course, there is nothing wrong with these tactics.
There is no doubt that there are many individuals who are benefiting a lot from the presence of these solutions in the market.
However, I feel that going in for a debt consolidation or an interest holiday to overcome your credit card debt problem is like trying to fight a hungry lion with a pen knife.
You will have to be very lucky if you succeed.
If you want to legally eliminate your credit card debt, you should go in for a debt settlement.
This elimination policy actually brings down your debts by more than 50%.
That is right.
For very long time, we have forgotten what elimination of debt really means.
We feel that reduction in the interest rate that will help us manage our debts better in the future date is equivalent to elimination of debt.
No.
It is only when your unsecured debt comes down by a huge amount and the repayment amount becomes manageable can actually say that you have eliminated your credit card debt.
Needless to say, any and every expert who can help you get this debt relief should rank high in your list of experts.
The World Wide Web will help you get in touch with a large number of individuals who specialize in these transactions.
They negotiate with the credit card companies and bring your total amount owed down to manageable levels.
Unlike other solutions that only claim to reduce debt, this solution will actually bring your debts down.
Further, you will have a clear idea how much you have to pay over what span of time to bring your debts down to zero.
There is nothing stopping you from making use of another credit card to continue dealing in unsecured debt.
You are not automatically banned from using a credit card.
It is just that you will have to pay high interest until your credit card debt comes down to zero.
The lender just needs to be reassured that you will not go in for a debt settlement again and again as a matter of habit or compulsion.
Source...