Business News Articles - Debt Elimination - Why Eliminating 50% of Your Credit Card Debt is a Reality


by CLIFFORD FRAIZER - Date: 2010-03-02 - Word Count: 482 Share This!

Credit cards can be the bane of contemporary lifestyles although they do have their advantages- buy now, pay later! Of course, when one uses plastic money to sustain him or herself the problem arises- economic depression, bills, unchecked burgeoning expenses, unemployment in the face of the global slump and the fact that some shops will only accept credit card purchases and not cash in return for goods and services combine to make this piece of plastic a raging bone of contention not to mention the high interest rates charged by banks on credit cards which seem to be forever soaring. Debt elimination is a good way to waive of your credit card debt by 50%- especially if your credit has run in excess of 10K.

Yes indeed! Good news for the avid shopper or big spender! Instead of trying to run far away from those looming debts, take a deep breath and take the bull by the horns. Debt elimination is possible through liability settlement, and if your credit card debt is higher than 10K, you can secure a 50% waiver on this, easily, through this process.

Through this process of liability settlement, which is the best legal option to never pay back unsecured debt, negotiations with lenders generally lead to reduction of the amount of payment. Generally ranging from 50%-60% so that you have to pay only the balance on the total amount, making quicker more convenient payments, financial companies today take to liability settlement as a more effective way of regaining some of their financial output in lieu of bankruptcy. In the US, federal stimulus compensating financial companies for their losses enable them to help them towards a more proactive attitude towards debt elimination though liability settlements.

Debt elimination through liability settlement is an effective way to get control over personal finances instead of just enjoying reduced interest rates and fees.

Also on a personal level, elimination of credit card debt is enabled by taking stock of your credit card details, scrutinizing credit card bills for unwarranted expenses, converging two or more credit cards into one account and making just one payment from this with 50% of your income going towards settling your existing debt every month and the remainder 50% being used to make other payments or settle other loans. Debt elimination is a process which enables an individual to take control of his/her life without declaring bankruptcy and aids in making towards a more financially stable foundation.

It would be wise to utilize a debt relief network if you are considering getting a debt settlement. The top debt relief networks are only affiliated with the best performing settlement companies that are established and proven. LegitimateDebtSettlement.com is one of the largest and most respected debt relief networks on the market. To locate a legitimate debt settlement company in your state check out the following link. Free Debt Advice


Related Tags: debt, debt relief, debt settlement, debt solutions, get out of debt, debt settlement programs, legitimate debt settlement companies

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