Eliminate Credit Card Debt
Press Release for March 25, 2006: The Credit Card RIP has Announced the Availability of a Website with Audio and Text Files for Consumers Interested in - pay it off, if you have the means, - get a loan and pay off all the credit cards - go to a consolidation company and have them negotiate a lower payment and interest rate with the bank, - or, the world's most embarrassing choice - personal bankruptcy. A little research will prove quite interesting... First, Congress made it harder for people to qualify. Now you have to have a limited income to qualify - and even if you do qualify - you still have to enter debt counseling and jump through a bunch of other hoops. The object... deny personal bankruptcy to as many people as possible so the banks can earn more money. Now, people who enter personal bankruptcy but don't qualify for Chapter 7 discharge have to enter a debt repayment program. A repayment program is based on IRS guidelines - a repayment program that makes it impossible for a family to live. The payments are Court mandated and an unintended future consequence may be – that if for some reason you can not making your court appointed payments - the judge could have you thrown in jail for contempt of court. With today's judges, nothing is beyond the realm of possibility. As you can see, personal bankruptcy is designed to protect the banks, not for the people, no one can predict what these administrative judges might do. Unless you qualify for a complete discharge of debt, this is probably the worst and most dangerous choice available. Just make sure that when all is said and done you get a letter stating the debt is paid in full as agreed and that the Credit Bureaus show no negatives. If you don't, you may find yourself owing more at the end than when you started or having your credit damages in spite of the Settlement. The National Arbitration Forum is nothing more that the "rubber stamp" forum for many companies. Prime is MBNA America where your rights are non-existent! The fact is if you can not afford to defend yourself with an attorney you will not stand a chance of them "researching" any material you might submit as "documented" proof of MBNA'S deceptive and misleading practices. They will lie and cheat to ensure they win. There are some honest arbitration outfits out there but not in this arena. One thing you should be aware of - no matter what method you choose to handle your debt; from do nothing, to consolidation, to personal bankruptcy, to elimination, there is always going to be risks. Nothing is 100%. Even people who pay off their debt can end up being sued by banks. It is not just because the banks are dishonest. It is because they keep such miserable records. The banks make literally billions of errors every year and debtors get to pay the price. Debt elimination is designed to help you, the debtor, not the bank. These are just 2 example of what I mean… J. K. in Texas Pac in Texas That's right. Banks don't lend money. And because they don't lend you money, they have nothing at risk. And by law, because they have nothing at risk no repayment is required. You aren't required to repay that which was never lent. But, don't take my word for it. Here's where you start to advance your Future by ending this Credit Card Debt! Learn your rights under Law. Lawfully freeze your accounts, stop making monthly payment and be FREE of Credit Card Debt in 12 to 18 months. Follow the guide through the Law, Frequently Asked Questions, Testimonial and more at the Debt Relief Group Debit Relief Group Press Release for March 25, 2006
Until October 17, 2005 this was not as bad an ideas as it has become since the rules for personal bankruptcy changed.
This is something that you can do for yourself or you can hire a company to negotiate with your creditors for a lower rate of interest and lower payments. You can even reach Settlement of the entire debt. This could be a real win for you if you understand the rules and position yourself properly.
"Hello, I'm quite a happy client in that I was able to have a bit over $52,000 of alleged credit card debt relieved. I was assigned a resource specialist last February 2003, who worked my case with me. I was delighted with her quick response and knowledge. I actually started having fun with the process! By September 29, 2003, my balances were zero and now I'm in credit repair. I encourage everyone to stay connected to the info calls and read the websites to become comfortable. Thank you DRES! I was looking at a mountain of debt and now I'm free."
"I followed my specialist's directives and found myself $42,000 out of debt from 4 credit cards. The hardest part was surviving all the ringing on my telephone for a month or so. My phone is now quiet again. I can't tell you what a wonderful relief it is not to pay the huge interest payments and feel like a free woman like I was born to be. It really was a whole lot easier than the great majority of people think.
I am now paying cash again for things that I buy. I like having the feeling that I have my finances in control once again and am earning and saving to purchase things that I want. Those material things are always less expensive without interest and 'gently owned' items are always significantly less expensive."
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The Debit Relief Group has Announced the Availability of a Website with Audio and Text Files for Consumers Interested in Eliminating Credit Card Debt
We are all tired of feeling powerless, of being worried, of getting that queasy feeling every time the phone rings and every time the mailman comes. Cardholders can eliminate these feeling if they are stress or overwhelmed with credit card debt.
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