So, the holidays are over and the bills are coming in. If you are like most folks, you probably went over your budget…again, to get that certain person something really nice. Spending is easy, however now you have to pay those bills. In addition, your income has not changed and your other bills such as utility or monthly maintenance fees keep going up too.
What to do? No one I knows likes to start a budget let alone follow one, however that is truly what is needed if you want to get out of the debt trap. Another easier way is to let a debt settlement company help negotiate your debt down for you so you do not have to pay back the entire balance in full. This is not bankruptcy; however is by far the best alternative to bankruptcy.
Financial planners are all over the map as to how to get out of credit card debt. Some recommend what is called the “snowball effect” while others recommend taking out more money on a home equity loan to pay off these high bills. We do not recommend either and for very sound reasons.
The snowball effect in essence tells you to pay off the credit cards with the smallest balance owed first. Well, that only tacks on higher debt and interest on your larger bills. The home equity loan route is absolutely not the way to go, as you would be turning unsecured debt (credit card debt) into secured debt (your home.)
Any way you look at it, every time you use your credit card to make a purchase you are using future earnings on what you are purchasing today. In fact, a new report out from Card Hub says Americans now owe more than $900 million in credit card debt, which would mean that nearly every credit card holds close to $5,000 in debt. Subtract those folks who pay off their credit cards each month (roughly 50%) and you are now looking at over $10,000 per credit card holder.
Therefore, now that the credit card bills over the holidays are over and the bills are coming in, why not take a look at the alternative, a Christian debt settlement company that you have you out of debt for roughly half of what you currently owe, without having to file for bankruptcy!
For more information please contact Nationwide Debt Reduction, Inc. toll free at 1-800-890-6658 or visit our web site at www.ayrtondasilva.net, watch the 5 minute video and see if you think this could help you get out of debt.