Credit Card Companies Are Keeping You in Debt
Do you feel as though you don't have any options with your credit card debt? If you're trying to get rid of debt fast, then you're reading the right article.
We have been doing a lot of research into the credit industry and what we have discovered is not good.
Would you like to be completely out of debt foe the rest of your life? Many Americans answer this question "yes", as they have had their debts erased because of the new stimulus package.
The stimulus package states that if you have over $10,000 in debt, you can get it erased.
But what about those who don't? Is there a way out, or are you stuck forever? If you have tried to create wealth by borrowing money from your credit card or even tried to start a business with putting money on your credit card, then you may have been in for a surprise when your creditor started hitting you with a lot of fees.
No matter what your situation is, it can be resolved with time and patience.
We have heard the horror stories of people getting into debt so far that they have lost their homes, cars and every precious belonging that they have bought in the last couple of years on credit.
This doesn't have to happen to you.
Here are some facts that contribute to our debt load in America.
1.
At the end of 2005, there were over 1.
7 billion credit cards being used.
2.
The credit industry is the highest profiting industry in the world.
3.
Your creditors spend billions of dollars a year sending you advertisements in the mail to get you to agree to their 0% interest rate.
The question is: why do they spend so much to get you to agree? The answer is very simple; they know that there is good and bad debt and they know that their debt is considered "bad" and you should not even give their charge cards a second thought.
We have been doing a lot of research into the credit industry and what we have discovered is not good.
Would you like to be completely out of debt foe the rest of your life? Many Americans answer this question "yes", as they have had their debts erased because of the new stimulus package.
The stimulus package states that if you have over $10,000 in debt, you can get it erased.
But what about those who don't? Is there a way out, or are you stuck forever? If you have tried to create wealth by borrowing money from your credit card or even tried to start a business with putting money on your credit card, then you may have been in for a surprise when your creditor started hitting you with a lot of fees.
No matter what your situation is, it can be resolved with time and patience.
We have heard the horror stories of people getting into debt so far that they have lost their homes, cars and every precious belonging that they have bought in the last couple of years on credit.
This doesn't have to happen to you.
Here are some facts that contribute to our debt load in America.
1.
At the end of 2005, there were over 1.
7 billion credit cards being used.
2.
The credit industry is the highest profiting industry in the world.
3.
Your creditors spend billions of dollars a year sending you advertisements in the mail to get you to agree to their 0% interest rate.
The question is: why do they spend so much to get you to agree? The answer is very simple; they know that there is good and bad debt and they know that their debt is considered "bad" and you should not even give their charge cards a second thought.
