Did you know that it is legally possible to erase 50% of your past due obligations that you owe to your credit institution? Not many Americans are aware of this because they have been educated by their creditors on how to charge their way into debt so high that it steals everything they will ever earn and eventually file for bankruptcy.
And if they file for bankruptcy their credit is ruined for seven more years.
Fact: Plastic is a just another name for debt.
Fact: 95% of all bankruptcies that are filed in the United States are a result of bad debt owed to credit corporations.
Fact: Credit companies keep the average consumer in the dark about their options on how to get out of credit card debt.
If you have an unpaid balance on your credit card, your debt is increasing more and more every minute due to interest.
We are highly educated by credit companies advertising on television that credit cards are great, and are the end to all your worries.
Unfortunately, this is not good advice, they are actually the beginning of all of your problems.
It is obvious, they certainly don't have your best interests at heart.
Fact:There is no reason for you to stay in debt when free information is available.
There are laws to protect you and stop you from ever having to file for bankruptcy because you can't keep up with your credit card repayments.
Don't become another statistic, get out of debt as fast as you can.