Eliminate Credit Card Debt - How to Eliminate Over 60% of Your Credit Card Balance

Author: Eri k stump

Author: Eri k stump

Eliminating credit card debt from America is not possible as the American economy is a debt driven economy. Debt can be classified into secured and unsecured. The commonly used debt facility by an average American is the unsecured debt in the form of credit cards. An average American man carries at least seven credit cards in his wallet. The credit card companies billing process is not customer friendly. There is a charge for absolutely everything with the credit card companies. Late payment fee

Finance charges

Interest on finance charges

Payment collection charges All charges put together a common man gets boggled looking at his statement that he ends up just paying the minimum charges for the month. An average American pays around $ 40 over and above the amount billed to him. His major problem is keeping too many credit cards and keeping a track of the transactions and bills. Today the American man is trying to eliminate credit card debts from his budget due to high charges levied by the credit card companies. To get rid of the extra payment to the credit card company's settlement seems to be an effective method. The debt settlement company allows consumers to get rid of the extra fee levied by the card companies and come to realistic figure on which the settlement can be done. It is averagely seen a good debt settlement company can give help to eliminate credit card debt up to 60% of the total unsecured debts. Many Americans avoid taking this path as this has a negative impact on the credit history. The impact on the credit history lasts for around 2 to 3 years which can be rebuilt by timely payments in the settlement process. If the settlement process is not taken up the other alternative available is bankruptcy which impacts the credit history for around five years. There are the essentials to be observed while choosing a debt settlement company. The debt settlement company should be accredited by United States organization for Bankruptcy alternative or The Association of Settlement Companies. This accreditation shows that the company is aware of all the rules and regulations with regard to debt settlement and has been evaluated by a central body.

The debt settlement company needs to be certified by IAPDA to assure the customer regarding superior skills of debt settlement. If you want to get out of debt and hire a debt settlement company for debt negotiation then I have an important piece of advice. Do Not go directly to a particular debt settlement company but rather first go to a debt relief network who is affiliated with several legitimate debt companies. In order to be in the debt relief network, the debt settlement companies must prove a track record of successfully negotiating and eliminating debt. They must also pass an ethical standards test. Going through a debt relief network will ensure that the debt company you are provided with is a legitimate and respected company. This is the most efficient way in finding the best debt settlement companies and increasing your chances of eliminating your debt. FreeDebtSettlementAdvice.com is one of the largest and most respected debt relief networks on the marketplace today. To find a debt settlement company through FreeDebtSettlementAdvice.com check out the following link:Free Debt Advice About the Author:

debtreliefemergency.com is a matchmaker in the debt settlement industry. They have paired up thousands of consumers up with debt settlement companies who are most likely to get consumers the best deal.

http://www.debtreliefemergency.com/

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