ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Tired of being on the credit treadmill

Updated on October 14, 2015

Will a Debt Settlement Program help you get out of debt

By Joe Jean

If any of what you are going to read sounds similar to your situation then you may want to contact a debt negotiations company to see if they can settle all of your credit card debt and help you get back on track.

Now I am sure that most of you can agree with what I am going to say because it has probably happened to you. I hear from people on a daily basis how they have never been late, missed a payment, or have gone over their limits but the credit card company has still raised their interest rates.

Now instead of paying $200.00 for minimum payments they have to pay $400.00 to 600.00 a month. It is happening to a lot of use, we are paying double and triple the amount of money every month for our minimum payments. This is known as the Universal default clause, which in other words mean they can raise your interest rates or cut your line of credit for any reason they want and believe me they will do it to you.

They even they try to get people to sign up by offering a rewards programs and incentives especially in regards to balance transfers. For example they will offer a very low A.P.R. and you can pay off your other cards and have just one monthly payment. This is another way people get deeper in debt because even though you were paying an APR of 9.9 and they offered an APR of 4.9 to switch over you could very easily end up paying an interest way over the 9.9% you originally had with the other card. As many of you now know the credit card companies can raise your interest whenever the feel like it.

The credit card company doesn't even give any warning before they raise the interest most of the time. You have no idea it is happened until you open your statement and see it in front of you. it does not matter if you have always paid on time and never missed a payment. When the credit card companies start raising your interest they know full well that they are putting you in a bad situation.

This is playing a big part in why so many Americans are falling behind on their payments. They just can't afford to pay out all that money and still provide the necessities for their family. It is not an option to stop paying your rent or the mortgage on your home. You can't go without food and electricity. It is hard enough to cover all of the other expenses for your day to day living.

Most people I speak with want to pay off their credit card debts, they just can't afford to pay what the credit card company are now charging. If only they would work with them on some kind of payment plan that they could afford. If you are lucky the credit card company will take a settlement offer if you are 5 months behind. All you have to do is give it to them in one or sometimes even two payments. Now correct me if I am wrong but if you had that much money available you won't be having that conversation with them

If you are paying minimum payments then you have noticed that you keep paying month after month and you are not seeing any real decline in you principle balance. If you paid minimum payments on your credit cards and being the way it is structured it would take you over 40 years to pay off the balance. If you really think about it by the time you pay off that balance you would of actually pay the balance over a couple of times. It will really make you mad to think about all that money going to them to line their fat pockets.

This is why it is very important that you start dealing with your debts now and stop putting it off month after month. If you are ready to get out of debt then you can look into a Credit Card Debt Settlement Program. Make sure that the company is in good standings and that there is not a long list of complaints against them. You should check out every company with the BBB just to be sure.

You also need to make sure you completely understand the program and make sure all of your questions are answered. There are some companies that will try to get you to sign up within the first few minutes of the conversation without really knowing your whole situation or without reviewing your accounts to make sure they are able to negotiate a settlement with your creditors.

We are committed to helping you find a way to get off the credit treadmill and back on track. You owe it to yourself to at-least know what your options are. So if you are behind or feel you are going to start to fall behind then take a look at our structured debt settlement program and see what we can do for you . All we ask for is that you give use 1% of your confidence and let us earn the other 99%. You work too hard for your money; stop giving it to the credit card companies and start putting back where it belongs. Remember all it takes is one call to start on a new path.


    0 of 8192 characters used
    Post Comment

    • aakashlaghari profile image


      8 years ago

      nice i like ur this hub

      and plz tell me how about hubpages rigistered

      plz about on hubpages

      add me on yahoo

    • profile image


      9 years ago

      Great info. Joe! I'm sure we'd all like to tell those credit card companies where they can go!

    • profile image

      Jody MD 

      9 years ago

      Great work on all of your articles. I did read them and was very shocked at what you are saying. I am glad I now know this information and I am sure it will benifit me in the future. Two thumbs up.

    • profile image


      10 years ago

      You have a point there. It is unfair the way these banks tell us one thing and do another. I checked out your company with the BBB and see that you have no complaints listed. When you get a chance will you please contact me or better yet I will go to your homepage. Thanks


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)