Erase Credit Card Debt and Repair Your Credit

Using Debt Settlement Systems Instead of Filing Bankruptcy

2010-02-20T18:28:00.000-08:00

With the recession deepening, many consumers are worried that their financial burdens will force them into bankruptcy. The good news is that there are a number of ways to stop paying credit cards using debt settlement systems instead of filing bankruptcy.

These debt settlement systems have been used by people just like you for years to reduce their debt and eliminate their bills. In fact, by using these programs, you can take advantage of the laws allowing consumers a fresh financial start instead of filing bankruptcy. You only need to know where to begin. This article will show you how it's done.

Step 1: Calculate Your Total Debt

Getting started with these programs is easy. First, you need to gather all of your account statements to get an accurate picture of your financial obligations. Separate all of your debts into two categories: 1.) Secured Debt and 2.) Unsecured Debt.

Secured Debt is any account in your name that has a tangible asset backing it up. Some examples of secured debt are mortgages, auto loans, and recreation vehicle loans. These types of obligations, are much more difficult to settle than unsecured debts.

Unsecured debts are what most people have easy access to and find themselves overburdened with. Debt settlement systems are ideal for eliminating these types of obligations. Examples of unsecured debt include credit cards, personal loans, medical bills, gas cards and retail cards.

Once you have your bills separated into these two categories, total up your unsecured debt. If the balance of these accounts totals more than $10,000 you may qualify for a program that allows you to stop paying credit cards instead of filing bankruptcy.

Step 2: Determine Your Best Financial Choice

Once you've totaled your liabilities, you need to determine the cost of your alternatives for eliminating them.

Hiring a bankruptcy attorney can cost upwards of $3,000 plus court costs and filing fees depending on your situation. In some cases, this is the best option. However, debt settlement systems can cost anywhere from $50 for a do-it-yourself system to over $1,000 for a company to do the work for you.

All of these systems use laws that support consumers and allow you to stop paying credit cards instead of filing bankruptcy. The only difference in the systems is who does the majority of the work required.

Using a do-it-yourself program can save you hundreds of dollars, but can take hours and hours of your time. If you're a detail oriented individual and can stay focused and determined, these systems can be ideal for you. These programs have step by step instructions written by attorneys and provide the forms and letters you'll need to use.

On the other hand, if you have substantial debt spread across a number of creditors, a debt settlement company may be your best option. These companies have trained professionals and attorneys that will handle all of the work for you and can successfully erase all of your debt.

Step 3: Take Action!

Regardless of the program you choose, the important thing is that you TAKE ACTION. All of the debt settlement companies offer a free analysis of your finances. Take advantage of it. Even if you choose a do-it-yourself program, I highly recommend that you talk with a debt settlement company. At the very least, you may get some great free advice.

You can end the nightmare of being in debt! You only have to take advantage of the legal ways to stop paying credit cards instead of filing bankruptcy.

Read the article: Using Debt Settlement Systems Instead of Filing Bankruptcy

Credit Card Resolution Instead of Bankruptcy - Legally Erase Credit Card Debt

2010-02-20T11:31:00.000-08:00

With the crumbling economy and the unemployment rate climbing, many Americans are faced with the prospect of filing bankruptcy to avoid paying their debt. Before you call up a bankruptcy attorney and pay thousands of dollars for their services, you need to look into credit card resolution instead of bankruptcy.

There are a number of ways to legally erase your credit card debt without declaring bankruptcy. In fact, many of the systems available to you can slash your debt by up to 90%! These programs work, you only have to know where to find them.

Who Qualifies for Credit Card Resolution Programs?

That's the great news! Anyone with any amount of debt can qualify for these programs. Keep in mind, that these programs not only slash your debt, but they also can drastically reduce medical bills and other unsecured debt.

Unlike government programs and grants, there are no lengthy forms to fill out of hoops to jump through. You only need to know how to find these well guarded systems.

How Much Does It Cost To Legally Erase Your Credit Card Debt?

The cost of using one of these debt reduction programs varies based on your debt amount and the system you choose. Here are a few of the options you have:

Do It Yourself Credit Card Resolution System: These programs cost between $50 and $100. Each of these programs outlines the steps you need to take and walks you through the process step by step. In addition, the best programs we've found have letters and forms pre-written for you by debt attorneys. These programs require a little extra work but are a much better option to choose instead of bankruptcy.
Debt Consolidation Companies: There are many companies who provide services to clients that bundle all of their debts together into a more affordable payment. Keep in mind that these systems do not slash your credit card debt, but rather "repackage" it into a different loan with a better rate. While this type of system can be beneficial to certain clients, the idea option is to use a system that legally erases your debt forever. Debt consolidation companies' fees can vary from a few hundred to a couple thousand dollars.
Debt Settlement Companies: Using one of these companies is the preferred way to legally erase your credit card debt instead of bankruptcy. These companies work on your behalf to negotiate with your creditors to drastically reduce and eliminate your debt. A debt settlement company can charge anywhere from under one thousand to over three thousand dollars. While that may sound like a great deal of money, you need to ask yourself how much you would pay to eliminate $10,000 - $30,000 of debt. If you're willing to pay a fraction of what you owe to slash your credit card debt, debt settlement is the way to go.

How to Get Started:

Getting started with one of these programs is easy. Simply gather up all of your unsecured debt statements and total up your overall obligations. Calculate your current monthly payments and figure out what it would be worth to eliminate that debt forever. If you're only willing to pay $50-$100, check out a do it yourself credit card resolution program.

However, if you current obligations are significant and you want a professional to help you erase it quickly, look into a debt settlement company to help you out.

Brian Anthony is dedicated to helping you legally erase credit card debt using credit card resolution systems instead of bankruptcy. Click here to read our reviews of the best systems detailing how to Slash Your Credit Card Debt.

Read the article here: Credit Card Resolution Instead of Bankruptcy - Legally Erase Credit Card Debt

How To Stop Creditors: An Alternative To Filing Bankruptcy

2010-02-18T19:18:00.000-08:00

Are your creditors calling you looking for their money? Do credit card companies constantly call to demand payment? If so, you're not alone. The number of Americans in severe debt is increasing rapidly.

Many of these people want to learn how to stop creditors from harassing them but do not want the financial and emotional pain of bankruptcy. Due to this demand for an alternative to filing bankruptcy, several debt settlement techniques have been introduced into the market.

These debt settlement techniques have allowed many people like you to erase their credit card debt without the expensive and devastating effects of bankruptcy. The key to using the debt settlement techniques is knowing where to begin.

Do I Qualify?

Unlike many of the government grant programs available, EVERYONE qualifies for these programs. There are no income qualifications, debt limitations or other barriers that you will face. In addition, at no point will you have to stand in front of a bankruptcy judge to plead your case.

The systems available to you allow anyone, regardless of their situation to consider these debt settlement techniques as an alternative to filing bankruptcy. The systems and programs available show you how to stop creditors, erase your debt and get on with your life.

How Much Will It Cost Me?

While a bankruptcy attorney and the associated filing fees can cost you upwards of $5,000, these systems cost between $200 and $2,500 for debt settlement companies and under $100 for the do it yourself systems.

Besides the giant savings over bankruptcy, these systems have the added benefit of not ruining your credit report and credit score. This allows you to use credit responsibly once you've completed the program. Try doing that after bankruptcy!

How Long Will It Take?

If you need to learn how to stop creditors from calling instantly, these systems are your best choice. Generally, once you start using one of these debt settlement techniques, you will be free of harassing calls and able to stop making payments.

After that, it typically takes between 12 - 36 months to complete the programs and completely erase your credit card debt. Compare that to the 10 years that bankruptcy can stay on your credit history and the choice is simple.

How Do I Start?

Because of the high demand and necessity in today's environment for an alternative to filing bankruptcy, these programs have made it incredibly simple to sign up with. The most highly regarded companies offer free consultations to analyze your personal situation, answer your questions, and walk you through the process.

These initial phone consultations typically last about ten to twenty minutes and will get you on the fast track to getting your completely out of debt.

If you use one of the less expensive do-it-yourself debt settlement techniques, the initial process can take an hour or two depending on your previous knowledge and experience.

Whatever method you decide, the important thing is to start now. The faster you get rid or your debt, the faster you can rebuild your life!

Debt Settlement Systems Instead of Filing Bankruptcy

2010-02-14T10:46:00.000-08:00

Step 1: Calculate Your Total Debt

Getting started with these programs is easy. First, you need to gather all of your account statements to get an accurate picture of your financial obligations. Separate all of your debts into two categories: 1.) Secured Debt and 2.) Unsecured Debt.

Secured Debt is any account in your name that has a tangible asset backing it up. Some examples of secured debt are mortgages, auto loans, and recreation vehicle loans. These types of obligations, are much more difficult to settle than unsecured debts.

Unsecured debts are what most people have easy access to and find themselves overburdened with. Debt settlement systems are ideal for eliminating these types of obligations. Examples of unsecured debt include credit cards, personal loans, medical bills, gas cards and retail cards.

Once you have your bills separated into these two categories, total up your unsecured debt. If the balance of these accounts totals more than $10,000 you may qualify for a program that allows you to stop paying credit cards instead of filing bankruptcy.

Step 2: Determine Your Best Financial Choice

Once you've totaled your liabilities, you need to determine......read it all here: Debt Settlement Systems Instead of Filing Bankruptcy

Bail Me Out - Credit Card Forgiveness Secrets

2010-02-10T08:44:00.000-08:00

Every week, major corporations across America are receiving huge government checks to erase their bad debts. These companies' massive debts are wiped clean and we. The taxpayer, are the ones that have to pay for it. With all of these companies being handed billions of dollars, the average consumer is asking: "Where's My Bailout!?"

As large companies continue to scream "Bail Me Out," the government seems content to give them a free pass on their bad decisions. In contrast, the average family has over $10,000 in credit card debt and no government program to erase their debts. The good news for those families is that there are credit card forgiveness programs available that can completely erase credit card debt. You just have to know how to access them.

How Do I get My Bailout?

Banks and credit card companies have done all they can to keep the credit card forgiveness programs hidden from you. With no publicity and no guidance, it's no wonder that so few consumers know that they exist. In actuality, these programs are easily to use, totally legal and highly effective. You just need to know how to use them. Continue reading and I'll show you how you can say "I got my bailout!" To begin, you'll want to purchase a guide that will walk you through the straightforward process. These guides usually cost less than $50 and will help you erase thousands of dollars of credit card debt. Research these programs carefully and read the reviews. Many of these programs claim to offer total credit card forgiveness, but in reality only consolidate your loans. If you want to have a program "bail me out" avoid debt counseling and loan modification systems and programs.

Who Will Bail Me Out?

These credit card forgiveness programs require no outside agencies or complicated forms. With a little guidance, you can do it all on your own! You can totally avoid debt counseling and there is no need to apply for any sort of loan modification program. You only need a few simple pre-written letters and forms pre-written by licensed attorneys and you can begin the process to claim your own bailout. The systems available supply you with all of the forms you'll need and tell you where, when and who to submit each form to. There is absolutely no application process and you can't be denied based on income status. You only need to follow the simple steps. The laws are already on the books, you simply need to utilize them.

Credit Card Forgiveness: How to Get Started

Getting started on your credit card bailout is simple:

1. Buy a Credit Card Forgiveness System: This step is optional, but for less than $50, these programs will simplify the entire process and ensure that you follow every step perfectly. The pre-written attorney forms and letters will save you countless hours of time and.......Read the entire article here:Bail Me Out - Credit Card Forgiveness Secrets

Legally Erase Your Debt Without a Credit Card Debt Attorney

2010-02-06T19:55:00.000-08:00

With so many people drowning in debt, countless people are considering bankruptcy or other legal remedies to eliminate their credit card debt. The problem with hiring an attorney to settle your debt or to file bankruptcy for you is that attorney fees can be both excessive and completely unnecessary.

With the many credit card forgiveness programs available that can legally erase your debt, there is absolutely no need to hire a credit card debt attorney. The systems available can help you take advantage of the well guarded credit card debt secrets that lawyers have been using for years.

In addition, these credit card forgiveness programs cost well under $100. Compare that to the thousands of dollars a credit card debt attorney will charge, and the decision to use one of these programs becomes a very easy one indeed.

If The Programs are So Cheap, How Can They Work?

That is the first question everyone has about these credit card forgiveness programs. It's a well deserved question and the answer may surprise you.

These programs have been developed over many years by people inside the credit card industry. Attorneys and industry professionals have used their years of experience to create easy to follow, step by step programs based on what they have done for their clients over the past decade or more.

By bundling this information with letters and form pre-written by these attorneys, they are able to provide these systems to consumers at a fraction of the cost of hiring a credit card debt attorney.

The steps outline in these programs are the same steps licensed attorneys use to take advantage of the credit card debt secrets that allow them to legally erase your debt. The difference is, by following their steps yourself and filling in their pre-written forms, you can save thousands of dollars in fees.

Is Bankruptcy the Only Way To Legally Erase Your Debt?

This is a common misconception that the credit card companies love for you to believe. No one wants to file bankruptcy and have their credit ruined for seven or more years. Credit card companies know this and will tell you that bankruptcy is your only option.

The truth is there are many laws available to help you legally erase your debt without filing bankruptcy. In fact, just a few of the credit card debt secrets these programs reveal can have you debt free in no time without filing bankruptcy.

Before Your Hire an Attorney, Check Out a Credit Card Forgiveness Program

There is no reason for you to spend thousands of dollars and ruin your credit to file bankruptcy. You can do everything a credit card debt attorney can possibly do for you for less than $75. These systems have been used by thousands of people across the country. They work and they can work for you.

Before you spend your hard earned money paying an attorney to file the exact same forms you can buy for less than $100, spend 10 minutes looking into these credit card forgiveness systems. Imagine what you can do with that extra money!

What do you possible have to lose?

Read the article here: Legally Erase Your Debt Without a Credit Card Debt Attorney

Where's Your Bailout? - Where can I get in on this zero-interest action?

2010-01-22T08:13:00.000-08:00

Don't count on the government to help you with your credit card debt. You need to take action yourself and erase your credit card debt yourself!

From MSNBC.com

Where can I get in on this zero-interest action?

Last week's move by the Federal Reserve to let a key interest rate fall to as low as zero has lots of readers asking: Where can I get some of this zero-percent financing?

If the prime interest rate is at near zero percent shouldn't my interest go down on my credit cards? The fee is supposed to be "prime plus 5 percent" or 6 percent or whatever percent.
— Carol, Fort Myers, Fla.

The prime rate did indeed drop following the Fed’s announcement last week that it was letting the short-term federal funds rate fall to zero. But that fed funds rate applies only to banks lending money to each other overnight. The prime rate — originally reserved by banks for their best (or “prime”) business customers — is typically about 3 percentage points higher than the Fed funds rate. That "spread" is how banks make their money.

Eliminate Credit Card Debt Without Debt Counseling

2009-12-30T14:57:00.000-08:00

Eliminate Credit Card Debt Without Debt Counseling

Unemployment rates are rising, home foreclosures are at record highs and personal debt levels are at an all time high. Unable to deal with all of these financial pressures, many people are looking for ways to eliminate their credit card debt. But before you contact a debt counselor, read this article. You can completely eliminate credit card debt and this article will show you how.

Before you consider debt counseling as a solution to your credit card problems, you need to look at a couple of other options: debt consolidation, debt elimination programs.

Debt Counseling

Before I go into your alternatives to debt counseling, let's quickly identify who can benefit from it. Debt counseling works for only a small percentage of people. To find out if it can help you, ask yourself the following questions.....Read the entire article here: Eliminate Credit Card Debt Without Debt Counseling

Credit Card Payment Relief Without Filing Bankruptcy

2009-02-24T16:53:00.000-08:00

Are you struggling with credit card debt? You're not alone. The average consumer has over $10,000 in unsecured debt and most people don't know how they will ever pay it off.

Unfortunately, in an effort to seek credit card payment relief, many people are filing bankruptcy to escape their debts. If you've thought of contacting an attorney, you need to know that debt settlement systems can help you achieve the same results without filing bankruptcy!

What are Debt Settlement Systems?

Debt settlement systems are programs designed by attorneys to negotiate with your current creditors and eliminate your debt. While these systems have the benefit of using an attorney's knowledge, they are far cheaper than bankruptcy and don't cause the long term damage to your credit report that bankruptcy will.

Enrolling in one of these programs will allow you to dramatically reduce both your overall debt and your monthly payments without filing bankruptcy. These debt settlement systems use a combination of negotiation, consolidation and occasionally, debt counseling. Using all of these strategies, most of these programs can erase your debt in 12 to 36 months.

I Don't Have Time to Wait, I Need Credit Card Payment Relief Now!

Many people are under the incorrect assumption that only bankruptcy can allow you to stop making payments quickly. In reality, many of the debt settlement systems available can allow you to stop making your payments as soon as you enroll.

In addition, these systems allow you much more control over the settlement process. There are no attorneys or judges in control of your finances and your credit report will never show the blemish of a bankruptcy.

How Much Do Debt Settlement Systems Cost?

One of the major benefits of using these systems is cost. While a bankruptcy attorney can cost over $4,000, these systems range in price from a few hundred to a couple of thousand of dollars depending on your level of debt.

If you're looking for an even cheaper option, there are now several debt settlement systems available that cost less than $100. These systems require you to fill out all of the forms and paperwork, but if you're disciplined enough, they can save you hundreds of dollars.

Whether you choose a debt settlement company or a do-it-yourself debt settlement system, you'll save a significant amount of money over hiring an attorney and you'll get the same credit card payment relief without filing bankruptcy!

How Do I Get Started?

Getting started with one of these debt settlement systems will take about sixty minutes of your time and can quite literally change your life.

The first step is to calculate the total amount you owe on your credit cards, retail cards, gas cards and any other unsecured debt. You will need to submit this information along with the addresses of your current creditors and your personal information to the settlement company your considering working with.

After your information is reviewed a consultant typically contacts you within an hour or two to discuss your options and answer any questions you have. If you chose the right company to work with, this introductory call will last about 30 minutes and will answer all of your questions.

If credit card payment relief without filing bankruptcy sounds like the right option for you, contact a debt settlement company today and get started. You will change your entire life!

Stop Paying Credit Cards - How Debt Settlement Systems Work

2009-02-23T11:55:00.000-08:00

Stop paying credit cards? Can't my debtors file judgments or liens? Won't I ruin my credit score and credit rating? Not if you use one of the several debt settlement systems available to settle your credit card debt!

Many Americans live under obscene amounts of debt. They have a constant fear of their creditors calling and demanding payment. With unemployment rising these fears are increasing and consumers need a way out.

In the past, bankruptcy was the only option available to settle your credit card debt and give you the freedom to stop paying credit cards. But in recent years, several debt settlement systems have been introduced that successfully erase your debt without filing bankruptcy.

These programs offer the following benefits without filing bankruptcy:

Eliminate your unsecured debt (credit cards, gas cards, medical bills, retail cards and personal loans)
Settle your credit card debt for pennies on the dollar (60% - 80% reduction is common, and many people erase debts altogether)
While bankruptcy stays on your credit report for up to 10 years, these debt settlement systems have a minimal effect on your credit rating and don't haunt you for years to come.
There is no income qualification or government forms to fill out. Everyone can use these programs!
Enrollment is fast and easy and you can stop paying credit cards as soon as you enroll!
While bankruptcy can cost upwards of $4,000, these programs range in price from $50 for a do-it-yourself program to a couple of thousand dollars to hire a debt settlement company without filing bankruptcy.

Many people learn about these debt settlement systems and have a hard time believing that they're cheaper and have a less harmful effect on your credit rating than bankruptcy. The truth is, these programs have worked for thousands of people across the country and can work for everyone with any type of unsecured debt.

So how Do You Get Started?

Once you make decision is made to go forward with a debt settlement system, you'll need to do the following:

Gather up all of your credit statements and bills: you need an accurate picture of what you owe and who you owe it to. Whether you choose a do-it-yourself system or a profession company to settle your credit card debt, you will need detailed contact information and amounts owed for each creditor.
Decide on your system: If you are a highly detail oriented person, a do-it-yourself program may be ideal for you. These systems have forms and legal letters prepared by attorneys and will guide you through the process each step of the way. However, if you have large amounts of debt or would like legal guidance, using an independent debt settlement company may be the way to go.
Don't Wait!: Regardless of the system you use, there is no reason for you to continue to struggle with your debt. These programs make it so easy for you to stop paying credit cards without filing bankruptcy that you would be crazy not to take advantage of them!

Whatever you decide, you can always speak with a consultant for free at the more reputable debt settlement companies to see what they have to offer. Even if you go it alone, they may have some insight or advice to share with you that can make your life easier.

Don't believe that bankruptcy is your only choice! You have options!

Read the article here: Stop Paying Credit Cards - How Debt Settlement Systems Work

Legally Erase Your Debt Without a Credit Card Debt Attorney

2009-02-20T11:20:00.000-08:00

With so many people drowning in debt, countless people are considering bankruptcy or other legal remedies to eliminate their credit card debt. The problem with hiring an attorney to settle your debt or to file bankruptcy for you is that attorney fees can be both excessive and completely unnecessary.

With the many credit card forgiveness programs available that can legally erase your debt, there is absolutely no need to hire an attorney. The systems available can help you take advantage of the well guarded credit card debt secrets that lawyers have been using for years.

In addition, these credit card forgiveness programs cost well under $100. Compare that to the thousands of dollars an attorney will charge, and the decision to use one of these programs becomes a very easy one indeed.

If The Programs are So Cheap, How Can They Work?

That is the first question everyone has about these credit card forgiveness programs. It's a well deserved question and the answer may surprise you.

These programs have been developed over many years by people inside the credit card industry. Attorneys and industry professionals have used their years of experience to create easy to follow, step by step programs based on what they have done for their clients over the past decade or more.

By bundling this information with letters and form pre-written by these attorneys, they are able to provide these systems to consumers at a fraction of the cost of hiring an attorney.

The steps outline in these programs are the same steps licensed attorneys use to take advantage of the credit card debt secrets that allow them to legally erase your debt. The difference is, by following their steps yourself and filling in their pre-written forms, you can save thousands of dollars in fees.

Is Bankruptcy the Only Way To Legally Erase Your Debt?

This is a common misconception that the credit card companies love for you to believe. No one wants to file bankruptcy and have their credit ruined for seven or more years. Credit card companies know this and will tell you that bankruptcy is your only option.

The truth is there are many laws available to help you legally erase your debt without filing bankruptcy. In fact, just a few of the credit card debt secrets these programs reveal can have you debt free in no time without filing bankruptcy.

Before Your Hire an Attorney, Check Out a Credit Card Forgiveness Program

There is no reason for you to spend thousands of dollars and ruin your credit to file bankruptcy. You can do everything an attorney can possibly do for you for less than $75. These systems have been used by thousands of people across the country. They work and they can work for you.

Before you spend your hard earned money paying an attorney to file the exact same forms you can buy for less than $100, spend 10 minutes looking into these credit card forgiveness systems. Imagine what you can do with that extra money!

What do you possible have to lose?

Brian Anthony is dedicated to helping you legally erase your debt without a credit card debt attorney and take advantage of the many credit card forgiveness programs available. Click here to read our reviews of the best systems detailing Credit Card Debt Secrets.

Read the article here:
Legally Erase Your Debt Without a Credit Card Debt Attorney

Credit Card Debt Resolution: Clear Credit Card Debt Without Bankruptcy

2009-02-17T14:48:00.000-08:00

If you're one of the millions of Americans with overwhelming debt and financial obligations, you may be considering filing for bankruptcy. Before you pay an attorney thousands of dollars and ruin your credit rating for up to 10 years, you need to consider a viable method available that can help you clear credit card debt without bankruptcy.

While the credit card companies don't want you to know about them, there are several systems available that can legally erase your debt through credit card debt resolution.

How Much Will It Cost

If you're reading this article, chances are you're already short on cash and credit, so price is obviously a consideration. The good news is that these credit card debt resolution programs are significantly less expensive than hiring a bankruptcy attorney.

While an attorney can cost thousands and thousands of dollars, these systems are much more affordable and come in two varieties:

Do-It-Yourself Programs:

There are several systems available that clear credit card debt without bankruptcy and don't require you to hire anyone at all. Rather, these systems have been designed and created by credit card debt lawyers to help you legally erase your debt and cost a small fraction of what a debt settlement company charge.

These Do-It-Yourself credit card debt resolution programs typically cost between $50 and $100. They come with all of the forms and letters you will need to contact your creditors and resolve your debts without the aid of any legal professional.

These systems are ideal for people who are disciplined and can follow detailed, step-by-step directions. In fact, these systems provide you the exact steps and forms a debt settlement specialist would use.

Debt Settlement Companies:

If you aren't disciplined or don't have the time to deal with all of the legal complexities and forms that are required to use a Do-It-Yourself credit card debt resolution system, then a debt settlement company will be your best choice to clear credit card debt without bankruptcy.

These companies charge anywhere from a few hundred dollars to a couple thousand dollars depending on your debt and the services required. Keep in mind that the most expensive debt settlement companies are still less expensive than filing bankruptcy and your credit will not be stained for up to 10 years as it would be if you filed bankruptcy.

All of the reputable companies will provide you with a free quote and a free consultation before you have to pay a dime. They will look at your personal situation and walk you through the debt settlement process.

These companies are a much better choice than bankruptcy and having a professional to take you through the entire process can be invaluable. These systems are the best way available to legally erase your debt.

Which Choice is Right for You?

If you have the discipline and determination to see the process through (it can take 12-24 months to clear all of your debt) than a Do-It-Yourself credit card debt resolution program is definitely the best choice.

If you're nervous or unsure about the process, then I would recommend using a debt settlement company. Their expertise and reassurance can be priceless during tough times. Whichever choice you make, I always recommend that my clients at least get a free consultation with a debt settlement company before they make a final decision.

While filing bankruptcy can be the right choice for some people, most individuals would rather clear credit card debt without bankruptcy. Make the right choice for you and your family!

See the article here: Credit Card Debt Resolution: Clear Credit Card Debt Without Bankruptcy

Eliminate Your Credit Card Bill - Legally Erase Your Debt

2009-02-16T08:45:00.000-08:00

Are you one of the millions of Americans with thousands of dollars in debt? Imagine being able to completely eliminate your credit card bill and legally erase your debt forever!

If you take advantage of one of the credit card forgiveness systems available to you, the credit card debt secrets they explain will allow you to erase your debt and get your financial life back on track.

These credit card forgiveness systems have been used by thousands of people just like you. Before others took advantage of these credit card debt secrets they had many questions. I will try to answer them for you here:

Do I Have to Hire an Attorney or Third Party?

Absolutely not! That's why these programs are so valuable. In the past, anyone in debt would have to pay thousands of dollars to an attorney with specialized knowledge of these credit card debt secrets. Now, anyone can have access to these programs for less than $75 and still be able to take full advantage of the laws available to legally erase your debt.

Why deal with the cost and headache of a lawyer when the laws and systems are already available to you that will allow you to legally erase your debt on your own? You have the power to do everything you'd pay an attorney for. These systems are simple, well researched and have already hired aattorneys to write the letters and form for you!

How Much Are These Credit Card Forgiveness Systems?

Most of these programs cost less than $75. That figure includes all of the prewritten attorney forms and letters, step by step instructions and detailed information about the entire process that will allow you to legally erase your debt.

When you compare that to the cost of an attorney to negotiate your debts or to file bankruptcy, your cost savings are enormous!

How Complicated is The Process?

The best part about the credit card debt secrets revealed in the programs is how simple they are to follow. Each of these systems details exactly what you need to do to notify you creditors and eliminate your credit card bill forever.

What If I'm Not a Good Negotiator?

It doesn't matter! The best systems available don't require you to negotiate at all with your creditors. In fact, the pre-written legal letters and forms take all of the guesswork and haggling out of the process. Just follow the simple instructions and avoid negotiations altogether!

Do I Have To Qualify for These Credit Card Forgiveness Programs?

These programs are available to anyone. The credit card forgiveness programs I recommend don't require any of the following:

No income verification or documentation required to qualify!
No complicated government forms or bail out requests to submit!
No employment qualifications (i.e. you don't have to prove you lost a job)! -No hardship or disability requirements!

As I said, these programs are open to anyone that has credit card debt. All you need is a desire to completely eliminate your credit card bill!

Read the article here: Eliminate Your Credit Card Bill - Legally Erase Your Debt

Credit Card Resolution Instead of Bankruptcy: Legally Erase Credit Card Debt

2009-02-11T11:09:00.000-08:00

With the crumbling economy and the unemployment rate climbing, many Americans are faced with the prospect of filing bankruptcy to avoid paying their credit card debt. Before you call up a bankruptcy attorney and pay thousands of dollars for their services, you need to look into credit card resolution instead of bankruptcy.

There are a number of ways to legally erase your credit card debt without declaring bankruptcy. In fact, many of the systems available to you can slash your credit card debt by up to 90%! These programs work, you only have to know where to find them.

Who Qualifies for Credit Card Resolution Programs?

That's the great news! Anyone with any amount of debt can qualify for these programs. Keep in mind, that these programs not only slash your credit card debt, but they also can drastically reduce medical bills and other unsecured debt.

Unlike government programs and grants, there are no lengthy forms to fill out of hoops to jump through. You only need to know how to find these well guarded systems.

How Much Does It Cost To Legally Erase Your Credit Card Debt?

The cost of using one of these debt reduction programs varies based on your debt amount and the system you choose. Here are a few of the options you have:

Do It Yourself Credit Card Resolution System: These programs cost between $50 and $100. Each of these programs outlines the steps you need to take and walks you through the process step by step. In addition, the best programs we've found have letters and forms pre-written for you by debt attorneys. These programs require a little extra work but are a much better option to choose instead of bankruptcy.
Debt Consolidation Companies: There are many companies who provide services to clients that bundle all of their debts together into a more affordable payment. Keep in mind that these systems do not slash your credit card debt, but rather "repackage" it into a different loan with a better rate. While this type of system can be beneficial to certain clients, the idea option is to use a system that legally erases your debt forever. Debt consolidation companies' fees can vary from a few hundred to a couple thousand dollars.
Debt Settlement Companies: Using one of these companies is the preferred way to legally erase your credit card debt instead of bankruptcy. These companies work on your behalf to negotiate with your creditors to drastically reduce and eliminate your debt. A debt settlement company can charge anywhere from under one thousand to over three thousand dollars. While that may sound like a great deal of money, you need to ask yourself how much you would pay to eliminate $10,000 - $30,000 of debt. If you're willing to pay a fraction of your debt to slash your credit card debt, debt settlement is the way to go.

How to Get Started:

Getting started with one of these programs is easy. Simply gather up all of your unsecrured debt statements and total up your overall debt. Calculate your current monthly payments and figure out what it would be worth to eliminate that debt forever. If you're only willing to pay $50-$100, check out a do it yourself credit card resolution program.

However, if you debt is significant and you want a professional to help you erase it quickly, look into a debt settlement company to help you out.

Read the article here: Credit Card Resolution Instead of Bankruptcy: Legally Erase Credit Card Debt

Credit Card Debt Secrets - Legally Erase Your Debt

2009-02-10T15:03:00.000-08:00

If you're feeling overwhelmed and stressed out about your giant credit card bills, you're not alone. Americans are more in debt now than they have ever been. The slowing economy, rising cost of living and mounting job losses have lead most consumers to borrow more than they can afford.

If you find yourself paying one credit card with another only to find your credit card maxed out, there may be a solution for all of your worries: Credit Card Forgiveness.
What is Credit Card Forgiveness?

Let's start with what it's not. Credit card forgiveness programs are not a loan modification or loan consolidation program. They do not force you to qualify for a new loan, apply for a subsidy or even submit proof that your credit card maxed out. Rather, these programs allow you to take advantage of some of the debt secrets that banks and lenders hope you never learn about.

In addition to allowing you to legally erase your debt, these programs also do the following:

They allow you to take advantage of debt secrets that enable you to stop paying your creditors now.
These programs do not force you to fill out dozens of government forms or "bailout requests" and if your credit card maxed out or has late fees, you are not disqualified.
These debt secrets do not force you to consolidate or bundle all of your current debts into one loan.
These programs do not force you to take out a home equity mortgage or any other additional debt.

Legally Erase Your Debt: Get Started Today!

Getting started with a forgiveness program is simple:

Purchase a Good Credit Card Forgiveness Program: Keep in mind that this step is optional, but for under $50, these programs will shorten and simplify the process and make certain that you perform every step perfectly. The prewritten attorney forms and letters these programs contain will save you countless hours and many needless problems.
Gather All of Your Current Statements: Collect your most recent credit card statements. I suggest creating a small file for each of your creditors to help you manage the correspondence process.
Begin With You First Letter: You'll start with one form or letter to each of your creditors explaining your position. These letters are all prewritten by attorneys and ready to send. Each letter takes advantage of one of the few debt secrets divulged in these systems. You'll simply need to insert your personal information and the address of your credit card company.
Respond to Their Follow Up Letters: the credit card companies will then respond to your mailed letter. Depending on their reply, you will mail the matching letter from the credit card forgiveness program in reply.

The beauty of these debt secrets is that once you follow the easy steps, they work perfectly. These systems take advantage of current laws and regulations to legally erase your debt and end the stress in your life.

If you need your own financial bailout and can't handle your credit card maxed out any longer, do yourself a favor and take advantage of the credit card forgiveness programs available to help you legally erase your debt and start over!

Read the article here: Credit Card Debt Secrets - Legally Erase Your Debt

How to Eliminate Credit Card Debt Without Bankruptcy

2009-02-09T20:22:00.000-08:00

How to Eliminate Credit Card Debt Without Bankruptcy

Unemployment rates are skyrocketing, home foreclosures are at record numbers and consumer debt is at an all time high. Unable to deal with all of these financial pressures, many people are finding themselves considering bankruptcy to eliminate their credit card debt. But before you contact a bankruptcy lawyer, read this article. You can eliminate credit card debt without bankruptcy and this article will get you started.

Before you consider bankruptcy as a solution to your credit card debt, you need to look at a few other options: debt consolidation, debt counseling and debt elimination programs.

Read the entire article here: How to Eliminate Credit Card Debt Without Bankruptcy

Eliminate Your Credit Card Bill: Legally Erase Your Debt

2009-02-06T08:35:00.000-08:00

Are you one of the millions of Americans with thousands of dollars in debt? Imagine being able to completely eliminate your credit card bill and legally erase your debt forever!

If you take advantage of one of the credit card forgiveness systems available to you, the credit card debt secrets they explain will allow you to erase your debt and get your financial life back on track.

These credit card forgiveness systems have been used by thousands of people just like you. Before others took advantage of these credit card debt secrets they had many questions. I will try to answer them for you here:

Do I Have to Hire an Attorney or Third Party?

Absolutely not! That's why these programs are so valuable. In the past, anyone in debt would have to pay thousands of dollars to an attorney with specialized knowledge of these credit card debt secrets. Now, anyone can have access to these programs for less than $75 and still be able to take full advantage of the laws available to legally erase your debt.

Why deal with the cost and headache of a lawyer when the laws and systems are already available to you that will allow you to legally erase your debt on your own? You have the power to do everything you'd pay an attorney for. These systems are simple, well researched and have already hired aattorneys to write the letters and form for you!

How Much Are These Credit Card Forgiveness Systems?

Most of these programs cost less than $75. That figure includes all of the prewritten attorney forms and letters, step by step instructions and detailed information about the entire process that will allow you to legally erase your debt.

When you compare that to the cost of an attorney to negotiate your debts or to file bankruptcy, your cost savings are enormous!

How Complicated is The Process?

The best part about the credit card debt secrets revealed in the programs is how simple they are to follow. Each of these systems details exactly what you need to do to notify you creditors and eliminate your credit card bill forever.

What If I'm Not a Good Negotiator?

It doesn't matter! The best systems available don't require you to negotiate at all with your creditors. In fact, the pre-written legal letters and forms take all of the guesswork and haggling out of the process. Just follow the simple instructions and avoid negotiations altogether!

Do I Have To Qualify for These Credit Card Forgiveness Programs?

These programs are available to anyone. The credit card forgiveness programs I recommend don't require any of the following:

No income verification or documentation required to qualify!
No complicated government forms or bail out requests to submit!
No employment qualifications (i.e. you don't have to prove you lost a job)!
No hardship or disability requirements!

As I said, these programs are open to anyone that has credit card debt. All you need is a desire to completely eliminate your credit card bill!

Read the entiire article here: Eliminate Your Credit Card Bill: Legally Erase Your Debt

Credit Card Debt Secrets: Legally Erase Your Debt

2009-02-04T21:33:00.000-08:00

Bail Me Out: Your Credit Card Bailout is Here

2009-01-31T09:44:00.000-08:00

You can't read the news today without hearing about another bank getting a bailout package. With all of the major corporations being handed billions of dollars, the average consumer with merely thousands of dollars in credit card debt is frustrated and asking: "Where's My Bailout!?"

The government is creating programs forgiving billions of dollars in debt for banks, auto manufacturers and mortgage providers. The good news for everyone else is that there are programs available that provide credit card forgiveness for anyone. You don't have to be the CEO of a major corporation.

How Do I get My Bailout?

The credit card companies have done everything they can to keep these credit card forgiveness programs secret. In actuality, these programs are easily available, highly effective and completely legal. You just need to know where to find them. Keep reading and I'll show you how you can say "I got my bailout!"

To get started, you'll need to purchase a guide to walk you through the simple process. These guides typically cost less than $50 and can help you erase thousands of dollars of debt. Be careful, many programs claim to offer credit card forgiveness, but actually only consolidate your loans. If you want to have someone "bail me out" avoid debt counseling and......Read the Entire Article Here: Bail Me Out: Your Credit Card Bailout is Here

Where's you credit bailout?

2009-01-29T10:25:00.000-08:00

I don't know about you, but I'm tired of seeing huge corporations handed billions of dollars to "forgive" their credit.

It's time for You To Get Your Bailout!

If you have huge amounts of credit card debt, these systems can help!

Get your Bailout Now!

Here's yet another article detailing all the money you're not getting from MSNBC.com.

How to Erase Credit Card Debt After a Divorce

2009-01-28T11:45:00.000-08:00

If you have just survived a divorce, you know that the emotional and financial stress can be crippling. From legal fees to moving expenses, the credit card debt after a divorce can pile up quickly. Once the whirlwind of emotions passes, many people find themselves staring at their credit card statements wondering how to get out of debt and how to get on with their life.

There are countless systems available online that promise to help you erase credit card debt after a divorce. I've seen them all, and I've reviewed the good and the bad (see the link to the right). In this article, I'd like to go over some of the best advice these systems have given. While I recommend investing the money in the quality systems, the advice below should get you on your way to erasing your credit card debt after a divorce.

Debt Consolidation vs. Debt Elimination

As you start reviewing your options, it is critical that you understand the difference between these two terms. Many companies offer systems to "get you out of debt" but fail to mention that their program simply gives you one big loan to pay off all of your current debts. While this may be a good option for some people, this "Debt Consolidation" does little more than regroup your debt and may only slightly reduce your interest fees.

I highly recommend that you look for "Debt Elimination" services. These companies and systems work with you to explain many of the insider tricks attorneys use to completely erase your credit card debt after divorce. All of these systems I recommend utilize some type of debt elimination system.

What About My Credit Score?

Many people are concerned with how erasing their credit card debt after a divorce will impact their credit score. While many programs advise you to just stop paying your debts and issue cease and desist letters to your creditors, the programs I have reviewed and recommend give you step by step advise on making sure that your credit card debt is erased cleanly with out impacting your credit score.

Be very wary of any system that tells you to just stop paying your debts. Delinquencies, judgments and other credit issues can stay on your credit report for up to seven years.

Do I Need To Pay an Attorney to Write Letters to My Creditors?

No!!! If any system tells you that you have to pay them attorneys fees for writing letters, look elsewhere. Most of the letters you will need can be found in the top systems prewritten by attorneys and ready to send to your creditors. Simply fill in the blanks and send them off.

Keep in mind that while you don't need an attorney to write a letter for you, it is vital that you don't write the letter your self and try to "wing it." The credit laws are very specific, and while a properly written letter can help you erase your credit card debt after a divorce, a poorly written letter can make your troubles worse.

If you're serious about erasing your credit card debt after a divorce, check out our review page. The best systems we've found cost less than $50 and can eliminate tens of thousands of dollars.

Good Luck!

U.S. consumers also falling behind credit cards payments

2009-01-15T07:39:00.000-08:00

Your not alone, but we can help you erase credit card debt.

From MSNBC.com

U.S. consumers also falling behind credit cards payments

BOSTON - Late payments on consumer loans in last year’s third quarter hit the highest level since record-keeping began in 1980, the American Bankers Association (ABA) said Wednesday.

The association said delinquencies rose to a seasonally adjusted 2.9 percent from 2.68 percent in the second quarter. The number is a composite ratio reflecting the percentage of accounts across eight categories of consumer loans with payments overdue 30 days or longer. The previous record was 2.88 percent, set in the third quarter of 1989, ABA spokeswoman Carol Kaplan said.

In a separate report, Fitch Ratings said Wednesday that U.S. consumers fell further behind in paying off their credit cards last month — a trend that’s expected to worsen this year amid growing unemployment.

Erase Credit Card Debt After Christmas

2008-12-26T07:52:00.000-08:00

After Christmas and the holidays are over, you know that the emotional and financial stress can be crippling. When you start adding up gifts, travel and holiday meals, the credit card debt after Christmas can pile up quickly. Once the whirlwind of emotions passes, many people find themselves staring at their credit card statements wondering how to get out of debt and how to get on with their life.

There are numerous systems available that promise to help you erase credit card debt after Christmas. I've seen them all, and I've reviewed the best and the worst. In this article, I'd like to go over some of the best advice these systems have given. While I recommend investing the money in the quality systems, the advice below should get you on your way to erasing your credit card debt after Christmas.

Debt Consolidation vs. Debt Elimination

As you start reviewing your options after the Christmas rush, it is critical that you understand the difference between these two terms. Many companies promote systems to "get you out of debt" but fail to mention that their system simply gives you one big loan to pay off all of your current debts. While this may be a good option for some, this "Debt Consolidation" does little more than regroup your debt and may only slightly reduce your interest fees.

I highly recommend that you look for "Debt Elimination" services. These companies and systems work with you to explain many of the insider tricks attorneys use to completely erase your credit card debt after Christmas. All of the systems I recommend utilize some type of debt elimination system.

What About My Credit Score?

Many people are concerned with how erasing their credit card debt after Christmas will impact their credit score. While many programs advise you to just stop paying your debts and issue cease and desist letters to your creditors, the systems I have reviewed and recommend give you easy, step by step advise on making sure that your credit card debt is erased completely with out impacting your credit score.

Be very wary of any program that tells you to just quit paying your debts. Delinquencies, judgments and other credit issues can remain on your credit report for up to seven years.

Do I Need To Pay an Lawyer to Write Letters to My Creditors?

No!!! If any system tells you that you have to pay them attorneys fees for writing letters, look elsewhere. Most of the letters you will need can be found in the top systems prewritten by attorneys and ready to send to your creditors. Simply fill in the blanks and send them off. Sometimes erasing your credit card debt after Christmas can be as simple as sending a letter off to your creditors.

Keep in mind that while you don't need an lawyer to write a letter for you, it is vital that you do not write the letter yourself and try to "wing it." The credit laws are highly specific, and while a properly written letter can allow you to erase your credit card debt after Christmas, a poorly written letter can make your troubles far worse.

If you're serious about erasing your credit card debt after Christmas, check out our review page. The best systems we've found cost less than $50 and can eliminate tens of thousands of dollars.

Good Luck!

Get Rid of The Credit Card Debt Now Before It Gets Worse

2008-12-24T08:40:00.000-08:00

From MSNBC,com:

Double whammy: Spending down, jobless up

WASHINGTON - Several reports released Wednesday provided more evidence that consumers are cutting back on spending and companies are eliminating jobs in the face of a deepening recession.

Consumers cut spending for a fifth straight month in November and their incomes shrank, according to a government report that pointed to deepening recessionary pressures.

The Commerce Department said spending fell by 0.6 percent after falling even more steeply by 1 percent in October. Incomes contracted by 0.2 percent after a slight 0.1 percent gain in October, reflecting the strain that rising unemployment is putting on Americans' ability to spend.

What About My Bailout?

2008-12-22T07:57:00.000-08:00

Wow. They jack up your rates, take taxpayer funds and then this:

$1.6 billion went to bailed-out bank execs

Banks that are getting taxpayer bailouts awarded their top executives nearly $1.6 billion in salaries, bonuses, and other benefits last year, an Associated Press analysis reveals.

The rewards came even at banks where poor results last year foretold the economic crisis that sent them to Washington for a government rescue. Some trimmed their executive compensation due to lagging bank performance, but still forked over multimillion-dollar executive pay packages.

FEDS: BANKS MUST STOP MISBEHAVING

2008-12-19T15:44:00.000-08:00

Unfortunately, it won't take effect until 2010. Until then, you may need to use a program to help you erase your debt.

From MSNBC.com:

FEDS: BANKS MUST STOP MISBEHAVING

Calling many credit card company tactics "unfair," "unreasonable," and "deceptive," federal regulators on Thursday unveiled sweeping new rules aimed at protecting consumers. They then invited card issuers to continue those unfair tactics for the next 18 months.

A 300-page report by the Office of Thrift Supervision described bank misbehavior in great detail, at times using stinging language. It then laid out updated federal regulations that will bar many such practices.

The new rules, for example, limit card issuers' ability to raise interest rates in the first year after they issue a card. They also severely curtail banks' ability to retroactively raise interest rates on consumers' existing balances, including penalties levied when the a payment arrives a few days late.

And card issuers won’t be able to toy with “grace periods,” as they have in the past. Instead, banks must give consumers at least 21 days to pay their bills, and they are prohibited from double-cycle billing, which retroactively applies interest charges to purchases made after a consumer fails to pay their bill on time.

Fed's Latest Cut: Not good for Credit Card Rates

2008-12-18T05:48:00.000-08:00

From SmartMoeny.com:

Fed's Latest Cut

Key Exertp:

Credit Cards
Previously, a Fed rate cut would spur credit-card issuers to think about being a little more generous to cardholders by lowering rates. But don't even dream of that happening now, says Shevlin.

As a growing number of cardholder defaults continue to weigh on card issuers' balance sheets, they're doing everything they can to make money -- from keeping interest rates high to charging exorbitant fees.

As Credit Card Issuers Slash Balance-Transfer Offers, Consumers' Work Gets Harder

2008-12-17T07:53:00.000-08:00

From MarketWatch.com:

As card issuers slash balance-transfer offers, consumers' work gets harder
SAN FRANCISCO (MarketWatch) -- For consumers drowning in high-rate credit-card debt, balance transfers -- those "0% for 12 months!" offers -- are often important, if temporary, lifelines. And for just about anyone who carries a credit-card balance they're a useful way to keep interest-rate payments low.

But as credit-card issuers themselves flail in stormier economic seas, some are making those offers more restrictive and expensive. That means consumers must make sure transferring their debt makes financial sense.

Fees have changed. Before, a balance-transfer fee was typically 3% of the amount transferred -- up to a maximum of about $50 or $75, depending on the offer. These days, the fee is still usually 3%, but the cap is gone. The more you transfer, the more you pay. For instance, transferring a $5,000 balance is likely to cost you $150 today, twice as much as in past years.

New Credit Card Rules May Bring Some Relief to Consumers

2008-12-16T09:05:00.000-08:00

From FOXNews.com:

New Credit Card Rules May Bring Some Relief to Consumers

WASHINGTON — The Federal Reserve is expected to vote Thursday on credit card reforms that may relieve customers faced with late fees, universal defaults and shorter payment periods, Reuters reported.

The new rules, which were proposed earlier this year, are expected to prohibit credit card companies from increasing rates at will, with some exceptions, and to ban universal default, which permits changing card terms if the borrower defaults on another bill.

The rules are also expected to ban double-cycle billing, where card companies reach back to earlier billing cycles to help calculate interest charged in the current cycle.

Consumers will also likely see easier-to-read tables on monthly statements.

Credit card companies that initially resisted the changes, however, warn borrowing limits may be reduced and interest rates charged on credit cards will rise for borrowers.

The new rules need the approval of the Federal Reserve, the Office of Thrift Supervision and the National Credit Union Administration, all are expected to act on Thursday.

U.S. Aims to Rein In Credit-Card Rates

2008-12-15T11:50:00.000-08:00

From WSJ.com:

U.S. Aims to Rein In Credit-Card Rates

WASHINGTON -- U.S. federal regulators are poised to adopt tough restrictions to make it harder for credit-card companies to raise interest rates on millions of existing customers, reversing decades of light regulation of the industry.

The new standards, expected to be issued Thursday, would represent the biggest changes to the industry in a generation and will apply to more than 16,000 companies, including major credit-card issuers Citigroup Inc., Bank of America Corp., J.P. Morgan Chase & Co. and Capital One Financial Corp.

The new standards come as U.S. consumers are caught in a deepening economic recession in which access to credit, from student and business loans to home-equity lines, has been constrained. For many, credit cards are considered the easiest type of short-term loan to obtain from a bank.

The standards are expected to alter the types of products offered. Banks might be less willing to offer cards with low introductory rates that could be harder to change. Banks might also try to raise rates for many new customers to compensate for any lost income.

"We think it's really going to mark the beginning of the new marketplace for credit cards," said Edward Yingling, chief executive of the American Bankers Association, the industry's biggest trade group. "It will in some fundamental ways change the product."

The most controversial new policy is expected to prohibit banks from raising interest rates on existing card balances as long as a customer doesn't fall more than 30 days behind on payments. Industry officials have estimated the new rules could cost banks $12 billion in annual revenue.

Get Rid of Your Debt Now: December layoffs exceed 100k

2008-12-15T08:58:00.000-08:00

Now is the time to act before the rest of America tries these systems and the creditors have to change.

From CNNMoney.com:

December layoffs exceed 100k

NEW YORK (CNNMoney.com) -- The second week of December was another brutal one for jobs, as Bank of America and at least 20 other companies announced more massive cuts.

"The recent news does not bode well," said Rich Yamarone, director of economic research at Argus Research. "This is the reason it's going to be the longest recession we've had in post World War II history."

The week got off to a rough start on Monday when Dow Chemical (DOW, Fortune 500) said it would eliminate 5,000 positions and close 20 plants. In addition, Belgian-based brewer Anheuser-Busch InBev said it would reduce 1,400 positions; 3M (MMM, Fortune 500) also reported 1,800 cuts.

Erase Your Debt Now...It's Going To Get Worse...

2008-12-12T12:05:00.000-08:00

From WSJ.com:

Rising Number of Homeowners in Trouble

A survey showed that one in 10 American households with mortgages is overdue on payments or in foreclosure, adding pressure on Washington to provide more relief to distressed borrowers.

The Mortgage Bankers Association said its latest survey, released Friday, showed that 10% of mortgages on one- to four-family homes were at least a month overdue or in the foreclosure process in the third quarter. That is up from 9.2% three months earlier and 7.3% a year ago. The current level is the highest since the trade group began such surveys four decades ago.

For prime loans, 5.9% of loans were past due or in foreclosure in the latest quarter. For subprime loans, those for people with weak credit records or high debts in relation to income, the rate was about 33%.

Report: Public Needs Know How Banks Use Funds

2008-12-11T13:01:00.001-08:00

From FoxBusiness.com

Public Needs Know How Banks Use Funds

WASHINGTON -A key oversight panel on Wednesday released a report seeking to have the Treasury Department provide details about how financial institutions receiving capital from a $700 billion bank bailout fund are using the money. "The oversight panel believes the public has the right to know how financial institutions that have received public money are using that money," according to a report produced by the Congressional Oversight Panel for Economic Stability. "It also believes that Treasury should be responsible for holding individual institutions accountable for how they use public's money." Harvard Law School professor Elizabeth Warren, who is chairwoman of the governance panel, is scheduled to testify Monday releasing details of the report. The report, was released at a hearing held on Wednesday by House Financial Services Committee Chairman Barney Frank, D-Mass. Frank said he expects to hold a hearing either later this year or early next year to have executives from banks receiving bailout funds testify. The timing of the hearing will be based, in part, on whether or when the Treasury Department seeks the second half of the bailout fund.

Recession to last another year - Duke survey of CFOs

2008-12-10T15:07:00.000-08:00

If you're on th fence about erasing your credit card debt, DO IT NOW!

From Yahoo! News:

Recession to last another year - Duke survey of CFOs

Nearly two-thirds of top-level executives expect the current recession to last another year, according to a survey released Wednesday.

The grim economic outlook is from a survey of 1,275 chief financial officers from public and private companies, all of whom were interviewed for Duke University's CFO Magazine Global Business Outlook Survey.

Last year, CFOs accurately predicted the looming recession. "In September 2007, CFO optimism about the future declined sharply, correctly anticipating the current recession," according to a written statement from John R. Graham, director of the survey and a finance professor at Duke's Fuqua School of Business.

"Throughout the history of our survey, CFOs have shown remarkable ability to predict future economic conditions," he added. "Therefore, the record pessimism CFOs are currently expressing is ominous," he added.

The survey has been conducted for 51 consecutive quarters - or nearly 13 years.

Bailout for Everyone But You: Democrats say there’s deal on auto bailout

2008-12-10T11:54:00.000-08:00

From MSNBC.com:

Democrats say there’s deal on auto bailout

WASHINGTON - Majority Democrats and the Bush White House have finalized a deal to speed $14 billion in emergency loans to struggling U.S. automakers, congressional officials said Wednesday. Strong opposition lingered among some Republicans.

The White House did not go as far as to say the deal was final, although it did report “very good progress.” The measure could see a House vote later Wednesday and be enacted by week’s end. Then, money could be disbursed within days to cash-starved General Motors Corp. and Chrysler LLC, while Ford Motor Co. — which has said it has enough liquidity to stay afloat — would be eligible for federal aid.

This is Good news: Return to $1 gas? Energy prices evaporate

2008-12-09T09:51:00.000-08:00

From MSNBC.com:

Return to $1 gas? Energy prices evaporate

Oil prices hit four-year lows Friday as employers cut the highest number of jobs in 34 years. The continuing decline in prices is so dramatic and so sudden that it is raising the prospect that gas prices could soon fall below $1 a gallon.

The worst jobs data in 34 years on Friday just added more fuel to the deepening global recession as U.S. employers slashed a far worse-than-expected 533,000 jobs in November and the unemployment rate rose to a 15-year high of 6.7 percent.

A gallon of gasoline can be had for 50 cents less than it cost just last month, and people are starting to talk about $1 gas.

This is good: Consumer credit usage falls in October

2008-12-08T11:49:00.000-08:00

From CreditCards.com:

Consumer credit usage falls in October

Credit card balances shrank in October, as the tightening of credit by banks and limited consumer budgets made it more difficult for cardholders to put charges on their plastic.

According to the Federal Reserve's monthly G.19 report on consumer credit, the revolving credit category -- made up almost exclusively of credit card debt -- saw a 0.2 percent decline in October. Previously, the Fed had reported that revolving credit grew in September at an annualized rate of 1.2 percent. However, that number was revised in the current report to 3.1 percent. Overall, revolving debt declined to $976.1 billion from a level of $976.3 billion in September.

Credit card companies buckle down

2008-12-07T11:47:00.000-08:00

This may make credit card companies a little more open to negotiation...

From Marketplace

Credit card companies buckle down

TEXT OF INTERVIEW
Tess Vigeland:For a lot of Americans, being underemployed is just one of many financial setbacks. Another is the credit card bill that keeps arriving in the mail -- not just the balance on it, but the new strings attached to it: Higher fees, higher interest rates, lower credit lines, all this at a time when consumers need that cushion and the economy needs them to spend.

Credit expert Liz Pulliam Weston is here with us and I have to ask, why are card companies doing this?

Liz Pulliam Weston: Banks need money and they're worried about risk, so they're trying to reduce their risk by raising interest rates and lowering rates on people they think are they greatest risks and also doing the same for people they think won't push back. And the reality is, most people won't push back. Even if they have good credit, they won't realize that they have an alternative. What they don't realize is if they have good credit scores, they don't have to live with it. They can push back. They can take their business elsewhere.

Vigeland: Is that the easiest way to do it? Just say, "OK bye-bye?"

Read it all

Holiday Surprise: More Credit Card Fees

2008-12-06T11:43:00.000-08:00

They sure know how to make money off of us...

From Forbes.com:

Holiday Surprise: More Credit Card Fees:

Using plastic just isn't what it used to be. It's a lot more expensive.

In Pictures: Five Credit Card Deals To Fear Reaching for the plastic to pay for holiday presents this season? Expect to find a few surprises in your statement next month.

Credit card issuers, struggling with falling profits and rising loan losses, are jacking up interest rates and adding fees, not to mention cutting back on credit lines just in time for the busy gift giving season. This coincides with rising joblessness and uncertain economic times that are making consumers feel a little anxious, if not a little desperate.

Read the whole thing

Here we go...

2008-12-01T11:40:00.000-08:00

After writting so many articles on eliminating credit card debt and repairing credit, I've decided to start a blog so I can answer all of the questions I recieve in an open forum.

Hopefully some of the questions answered here will help you erase your own credit card debt and get your credit issues resolved.

Good luck and keep the questions coming!