Are You Tired Of The Credit Card Companies Raising Your Interest To Line Their Pockets With Your Hard Earned Money?
The Credit Card Companies Made Over 17 Billion Dollars In Penilty Fees Alone Last Year
By Joe Jean
How are you doing today? I know a lot of you have been searching for help with your credit card debt and trying to get off the credit treadmill. It can become very overwhelming and frustrating when trying to find the write answers especially with all the different views and information that has been given to you. You're not alone! With the internet being the most used tool for gathering information it is not surprising that there is a lot of false truths being spread.
As the old saying goes if enough people start saying it then it must be true. Unfortunately most of the people that are giving bad information don't know it is wrong. They hear something from a friend, relative, or read about on another website and pass it along as fact. This could be prevented very easily if instead of telling people the wrong information they should do the research to back up what they are saying.
I come across people on a daily basis that try to tell me that I am giving them the wrong info on what is going to take place. I ask them who told you that was going to happen and of course what a surprise. Most of the time it goes right back to them saying that's what I read on an internet blog or my friends brother told me this would happen but most of the time it was all hearsay through the grape vine. It can become really frustrating when you know your right but this person want even look at the facts of their situation.
This will continue to happen until people start taking responsibility and come to realize that no matter what they were told they still need to do their diligence and see it with their own to eyes. A growing number of credit counseling and debt settlement companies are popping up all over the U.S. and are rapidly giving this industry a bad name. It is all too often that people are taken by fast talking sales people that are only concerned with getting you on a program as quick as possible. They tell you all the things you want to hear and sell you on an easy fix. Nothing about your situation is easy and should not be taken lightly. The decision you make today will affect you tomorrow.
So make sure you do everything in your power to research any credit card debt settlement companies and credit counseling companies. Another thing about 80% or more of the companies you see on TV, internet or hear on the radio are not the debt settlement companies you will be working with. They are lead brokers that sell your info to other companies.One way to know is they will tell you all the analyst are helping other clients and someone will contact you shortly. If you fill out the application over the internet you should get a call from that company that day or at latest the next day and not some other company you have never heard of.
So you need to remember with who and where you made the requested for the information. If it was over the internet make sure that is the company you will be dealing with and that they are not going to sell your info to other companies or affiliate companies, this way you don't get flooded with calls. You owe it to yourself to at-least know what options you have. So if you are behind or feel you are going to start to fall behind then don't keep putting it off, do something now.
Most people I speak with want to pay off their debts, or they just can't afford to pay what the credit card company is charging. If only they would work with them on a payment plan that they could afford they would not be looking for other options like debt negotiations. If you are lucky the credit card company may offer some kind of settlement if you are 5 months behind. All you have to do is give it to them in one or sometimes even two payments. Stop me if I am wrong but if you had the money to do that you wouldn't be in this situation right now.
If you are paying minimum payments then you have noticed that you keep paying month after month and don't see any real decline in you principle balance. That is because it is structured to take you at-least 20 to 40 years to pay it off. Ask yourself how many times you have paid that debt over by now or how about a new car or truck with that money. It will really make you mad to think about all that money going to them to line their already fat pockets with your hard earned money. It is time you started dealing with your debt and putting that money back in your pocket where it belongs.