subject: Secrets Of Credit Card Debt Settlement - Ending The American Credit Crisis [print this page] It has been reported that the single greatest short term threat to the United States economy is the credit card crisis. Millions and millions of Americans are in so much debt that there is no way that they can possibly pay their bills and survive on what they make. Lenders themselves are finding themselves in crisis as they are no longer getting paid anything, because their borrowers can't afford to pay. As they find themselves in financial disaster, smart Americans are learning that they can work with their creditors to reach a credit card debt settlement. Through careful negotiations, and with the help of a credit card debt settlement agency, they are able to reduce or altogether stop the interest that they are being charged and in many cases, significantly decrease the amount of the principle which they must pay.
Unfortunately, many Americans that are struggling with debt right now do not realize that they have any other options. They are totally unaware of the credit card debt settlement options available to them. Many creditors are actually agreeing to take as little as 40-55% of what is actually owed rather than getting nothing at all. If you know how to work with a debt settlement agency, than you can get relief from your credit card debt.
Many Americans that have incurred excessive credit card debt have tried to consolidate their debt by refinancing their homes. Unfortunately many homeowners that purchased their homes during the real estate bubble are discovering that they do not have any equity and in some cases actually owe more than their homes are currently worth. This makes a credit consolidation impossible. There are other credit card debt settlement options available though, if you know where to find them. In response to the need for intervention and intercession, there are agencies available to help Americans renegotiate their debt.
If you are one of the millions of Americans that is literally drowning in debt, whether from credit cards, medical bills or student loans it is good to know that there is help available. It is possible to negotiate a credit card debt settlement arrangement that will allow you to pay down your debt and have money to live on at the same time now. From slashing the principle to canceling the interest, you can get ahead of your debt in no time at all.
Are you ready to get started? Find out how today!
by: Troy Truman
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