Millions of
Americans have thousands and thousands of dollars in credit card debt.
Because of rising interest rates and the recent economic downturn, what
used to be a manageable amount of debt has quickly spiraled out of control for a
lot of people who are then lost, unable to pay their bills and looking for a
way to get debt relief.
Because of the problems so many
people have had trying to manage and reduce their credit card debt, simply to
bring it under control, a large industry has been created that specializes in
debt reduction programs for people in need of relief from their unsecured
credit card debt.
A debt reduction company is a
business that can provide you with the debt reduction help you need when it
comes to trying to pay off your credit card debt. This is done by
offering debt reduction programs to consumers, such as a debt settlement
program. A debt settlement program can help people eliminate card debt in a fraction of the time it would take
by simply making payments on high interest credit cards. A debt
settlement program will significantly reduce your monthly payment as well as
help you get a reduction or complete elimination of additional charges and
fees. However, a debt settlement program also comes with significant
risks.
When you use a debt settlement
program, you will continue to receive harassing calls from creditors.
Since the program requires that you not make any payments until you are
finished negotiating a debt settlement, your accounts will be reported as being
delinquent and you will have a very negative impact on your credit score
(though not as bad as bankruptcy would be). Since you are not making any
payments, you also have a risk of being sued by your creditors while you are in
the process of negotiating debt settlement. Despite all these risks, people
still use debt settlement programs as a viable way of reducing credit card debt
and helping to
pay off debt in a faster manner than debt
consolidation or debt management would be able to provide.
It can seem like there aren’t any
debt reduction programs available that don’t take years to complete, put you at
risk of being sued by your creditors, or have a negative impact on your credit
score. There is one debt reduction program that can eliminate your debt
quickly and easily, with no damage to your credit score. It is called a
debt elimination program.
Debt elimination programs have
helped people completely erase over $50 million in debt over the last three
years. When you use debt elimination programs as a way to eliminate
unsecured debt, you never have to make another payment again. Overnight,
your debt becomes truly and legally eliminated thanks to a loophole in credit
card debt law.
Do you really want to have to worry
about lawsuits and inflicting severe damage to your credit score, or would you
rather just wake up and have your debt erased as if it was never there?
If you need to eliminate your debt and not simply manage it, consider
debt elimination as the viable and legal choice. Visit eliminate credit debt for more info, or call 561-282-9476
for more information.