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Learn how you can make your debts disappear:
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Including your home mortgage!
This information can change your life.
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-Adam
Debt Cures Reviews
Why does it seem like it is so hard to get out of credit card debt? Could it be that any late fee or over the limit fee negates any progress you might have made this month? You could be a on-time payer for years and just miss one payment by a few days and have your interest rate double or worse.
The credit card companies have no problem kicking you when you’re down. If you miss one or two payments they will cut your credit card limit to within a few dollars of your current balance so if you continue to miss payments they will sock you with $78 in fees each month you miss. You get charged a $39 late fee and a $39 over the limit fee. Not to mention your interest rate will probably hover around 29% which makes it almost impossible to pay down credit card debt.
For situations like this is why Kevin Trudeau comes out what a book promising Debt Cures that can get the credit card companies off your back, waive late fees and other fees, and reduce your interest rates, and help you eliminate your credit card debt. Not to mention the possibility of getting free money from the government. He now has a new book called Free Money that goes into more depth on getting your free money.
So how do you pay down and eliminate your credit card debt? Well for one thing if you are struggling to come up with the minimum payment right now, you are not going to save your way out of debt. You’ll be saving money and earning 1% interest at most while paying up to 29% in interest on your debt. There is just no way you can get ahead this way.
You may already be working a second job and it still may not be enough. What this economy it is hard to make extra money but that does not mean it is impossible. I’m still making a couple hundred dollars extra per month with the Hubpages I created a few months ago.
Bankruptcy and debt settlement are also options. I’ve discussed the pros and cons of each in a previous post. One thing I forgot to mention to was that if you are on a fixed income, bankruptcy may be a better option than debt settlement. You can find out by getting a free bankruptcy evaluation. But other than that, debt settlement is a better way to get debt relief without all the consequences of filing bankruptcy.
A question you may be asking is why don’t the credit card companies lower my interest rate when I call them? The credit card companies are not going to work with you if you are a good customer. They have no reason to lower your interest rate if you are paying on time every month because you are making them money. It is only when you fall behind on your payments that they risk losing money on your account. This is when they will start working with you and offering hardship arrangements and lowering your interest rates.
To sum up, those are your options for paying down credit card debt. Make more money through a second job or freelance work and use bankruptcy or debt settlement to reduce your balances. Those are the debt cures that work. You can learn a little bit more about them by getting Kevin Trudeau’s book or just reading several posts on this site. I’ve reviewed the entire book chapter by chapter for you.
Thanks for reading.
Have a great day,
Adam Tijerina
Debt Cures Reviews
If you find yourself under a massive load of credit card debt you have probably been looking at ways obtain debt relief. Either that or you’ve been hiding your head in the sand avoiding your creditors calls. This is not going to make the problem go away. There are two choices you can look at, one is bankruptcy and the other is debt settlement also known as debt negotiation. Debt settlement is when you negotiate with your creditors and reduce your outstanding credit card debt by 40% to 60% of what you owe.
There are several benefits of using debt settlement for debt relief over bankruptcy.
The biggest benefit is that you are not filing bankruptcy. Debt settlement is an alternative to bankruptcy. With bankruptcy, you could be forced to liquidate some of your assets such as your car and furniture to pay back your creditors. You will also ruin your credit for 7 to 10 years. Your bankruptcy filing will also be in the public record for anyone to see. And worst of all, you may still have to pay back most of what you owe over a five-year period.
Another benefit of debt settlement was mentioned earlier, you can reduce your total balances by an average of 40% to 60%. Do a quick calculation in your head and add up all your monthly minimum payments and then cut that number in half.
Now imagine paying that amount for the next two years and then being totally debt free. That is what is possible when you use debt settlement for consumer debt relief.
Do you know of a better debt cure than that? Find out more about debt settlement
What kind of debts can you eliminate?
Unsecured credit card debt is the most common. You could also settle your medical bills, your hospital bills, gas or store cards, and unsecured personal loans.
What kind of debt can you not eliminate?
IRS tax debt, alimony, child support, mortgages, student loans and car loans are unable to be settled with debt negotiation.
If you would like to save thousands of dollars in interest, late fees, over the limit fees, and other fees for credit card banks charge you and be free from your debt in half the time you thought possible, talk to a free debt counselor from the folks at Debt Consolidation Care. They will discuss your personal situation and suggest the best debt solution for your problems.
Having looked at a lot of “debt cures” and debt settlement has been the best one I’ve seen. It has many advantages over bankruptcy and it is one you should learn more about if you are struggling with massive credit card debt.
Click here for free debt counseling
Have a great day,
Adam
Debt Cures Reviews
With the many ways there are to get out of debt it can sometimes be hard to choose which way is right for you. Whichever way you choose you’re looking to do the same thing you’re trying to lower your monthly credit card payments, you’re trying to reduce your interest rates if possible, you’re trying to waive late fees and other fees the banks try to throw on you, you’d love to eliminate the collection calls early in the morning and late at night, you want to avoid bankruptcy at all costs, and most importantly you want to be debt free.
To start with let’s talk about debt consolidation. Debt consolidation, you get all your bills and consolidate them into one single payment. You do not have to get a debt consolidation loan to use this method. In many cases you are able to lower your monthly payments, reduce your interest rates, and get rid of the annoying that collection calls.
You also have Christian debt consolidation which is similar to debt consolidation their also incorporates Christian values to help you pay off your debt.
Next, let’s talk about debt settlement. This process allows you to negotiate with your creditors and reduce your outstanding balances by up to 40 to 60%. The goal is to have you debt free in less than 36 months. This is two years sooner than a Chapter 13 bankruptcy. Debt settlement is an alternative to bankruptcy. The effects to your credit report and credit score are similar except that bankruptcy is in the public record whereas debt settlement is not.
Finally you have debt management. This involves getting debt assistance from a credit counseling company through a payment plan with your creditors that can reduce your interest rates and reduce or possibly waive some late fees. This is called a debt management plan or DMP.
So which one should you go with? Again since we are talking several thousand dollars worth of debt it is not an easy decision to make. Whichever method you choose can affect your financial life for several years to come in good ways and in bad.
I’ve recently partnered with debt consolidation care, an online get out of debt community that offers a free debt counseling session to analyze your financial problems and see which method would work best for your situation. They have helped over 169,000 people pay off their debt. You can talk to them for free and get a customized solution for you. They can help you with these debt cures.
Talk to you soon,
Adam
Debt Cures Reviews
