You should never have to get rid of your credit card debt by filing bankruptcy.It will take you 20 years to pay off a $10,000 dollar balance on a credit card. This same charge can have you one day stuck in bankruptcy proceedings with almost $30,000 dollars in interest if you're not careful.
Consumers do not have to be in credit card debt anymore.
Many people could avoid filing for personal bankruptcy when they give up paying their debt by getting free debt help. Your nights and weekends no longer have to be filled with creditors calling you about your debt. Someone could make a charge today that follows them for years, and even end up in bankruptcy court.
Plenty of 25 year old students are at least $20,000 dollars in debt to a creditor. Interest fees will eventually cause over 95% of them to file for bankruptcy. They will soon realize that credit cards are not designed to be paid off, at least not easily.
Fact: Credit cards have only been designed to steal wealth away from you and give it to your creditors.
Fact: Many Americans have been brainwashed into thinking that using a credit card is better than using cash when in reality anyone who uses a charge card will end up paying 112% more than if they use cash alone.
Fact: American consumers cannot erase 50% of the past due balances with no legal ramifications. In fact, many companies releasing free information that will show any consumer had erase half of their debt that they owe to their credit financial institution.
Any American who has a past due balance on a credit card should check for free to see exactly how much that get erased.
Source: ezine
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