Debt... A Four Letter Word That Can Ruin Your Credit

Debt... A Four Letter Word That Can Ruin Your Credit

I knew a young man who made wise choices early on in life. He graduated from high school and went directly to college. He enjoyed the care-free life of being single, kid-free and debt free.

While in college, he got a job and began receiving invitations to receive credit cards. He had never had any credit cards before so he was eager to get some. He began filling out the applications and to his delight, he was approved. He received several credit cards.

He quickly incurred extreme debt because he used his new credit cards excessively. He didn't fully understand how to use his credit cards. He thought that if he charged something for lets say $50, the following month, he would only have to make payments on that amount until it was paid off. He made purchases on all of his cards.

Soon his credit card debt began to spiral out of control and he became unable to make his payments on time and eventually he was unable to make a lot of the payments. This made the interest rate on the cards increase, nearly doubling his debt.

Eventually, the young man graduated from college and he thought his struggle was over. Degree in hand, he began to apply for different jobs in his field of education. He thought that he would get a great job and be able to pay off his debt.

He also stared putting in rental applications for an apartment and eagerly waited for a phone call from an employer that would offer him employment. He began receiving phone call from employers as well as apartment managers that explained to him that they could not employ him or rent to him because he had bad credit.

Desperate and eager to fix his credit, he began talking to family and friends in hope that someone could help him. A friend of his told him that he had experienced similar problems and that he was in the process of cleaning his credit himself with the help of a new publication he found while surfing the web. He advised his friend of the credit repair strategies contained in this guide. The guy figured that he had nothing to lose so he gave it a try. That was 30 days ago. Today he is well on the road to credit recovery. Here is what he used http://www.attorneycreditrepairguide.com

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