Credit Card Debt

Oftentimes, when it comes to having debt pile up on a credit card, people don’t like to recognize the problem. This is the first step. In successful12-step programs (such as Alcoholics Anonymous), the first step is always to just acknowledge that there is a problem that you have a challenge with credit card debt. This is quite frequently the biggest stumbling block for someone who is seeing their credit card debt begin to control their very lives. The credit card companies will not assist you with this dilemma. They have the agenda of assisting you to accumulate increasing amounts of debt…and at your expense. It isn’t necessarily that they nasty or evil, but large consumer debt is their way of making money. The exorbitant money that the credit card companies make for the interest that you pay for your credit card debt (not to mention all of the accumulating fees) is cash that goes to pay corporate executives of these credit card companies and fund their luxurious lifestyle: houses, cars, jets, extravagant vacations. The audacity of these actions could make you want to extinguish the (allegedly legal) scam that is a disease named credit card debt.Let’s not beat around the bush. Call it what it is: Credit card debt is a high interest loan that doesn’t require you to fill out any lengthy forms beside the initial form to get the card. Once they issue a card to you, the credit card companies are more than happy to jack up your credit limit, which allows you to purchase more thing (and they will creep up the interest rate as well). Before long the debt level is astronomical and you continue to send them hundreds of dollars which is mostly interest and fees

For more information, click here.

For assistance with debt settlements, click here.