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By: Paul Gray

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Friday, 18-Nov-2011 17:55 Email | Share | | Bookmark
Debt Reduction Programs Can Help You Get Credit Card Debt Relief

Millions of Americans have thousands and thousands of dollars in credit card debt.  Because of rising interest rates and the recent economic downturn, what used to be a manageable amount of debt has quickly spiraled out of control for a lot of people who are then lost, unable to pay their bills and looking for a way to get debt relief.

Because of the problems so many people have had trying to manage and reduce their credit card debt, simply to bring it under control, a large industry has been created that specializes in debt reduction programs for people in need of relief from their unsecured credit card debt.

A debt reduction company is a business that can provide you with the debt reduction help you need when it comes to trying to pay off your credit card debt.  This is done by offering debt reduction programs to consumers, such as a debt settlement program.  A debt settlement program can help people eliminate card debt in a fraction of the time it would take by simply making payments on high interest credit cards.  A debt settlement program will significantly reduce your monthly payment as well as help you get a reduction or complete elimination of additional charges and fees.  However, a debt settlement program also comes with significant risks.

When you use a debt settlement program, you will continue to receive harassing calls from creditors.  Since the program requires that you not make any payments until you are finished negotiating a debt settlement, your accounts will be reported as being delinquent and you will have a very negative impact on your credit score (though not as bad as bankruptcy would be).  Since you are not making any payments, you also have a risk of being sued by your creditors while you are in the process of negotiating debt settlement. Despite all these risks, people still use debt settlement programs as a viable way of reducing credit card debt and helping to pay off debt in a faster manner than debt consolidation or debt management would be able to provide.

It can seem like there aren’t any debt reduction programs available that don’t take years to complete, put you at risk of being sued by your creditors, or have a negative impact on your credit score.  There is one debt reduction program that can eliminate your debt quickly and easily, with no damage to your credit score.  It is called a debt elimination program.
Debt elimination programs have helped people completely erase over $50 million in debt over the last three years.  When you use debt elimination programs as a way to eliminate unsecured debt, you never have to make another payment again.  Overnight, your debt becomes truly and legally eliminated thanks to a loophole in credit card debt law.

Do you really want to have to worry about lawsuits and inflicting severe damage to your credit score, or would you rather just wake up and have your debt erased as if it was never there?  If you need to eliminate your debt and not simply manage it, consider debt elimination as the viable and legal choice.  Visit eliminate credit debt for more info, or call 561-282-9476 for more information.


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