Cash-Flow doesn't have to be a problem

Positive Cash-Flow (making more money than you spend) is essential for consumers to survive in today’s world.  A large percentage of consumers have gotten into a situation where their income says the same, yet minimum credit card payments and interest rates keep going up. This reduces your positive cash-flow.  A large percentage of consumers are getting to a point where the money they make is about the same or less than they spend each month.  Credit card companies will raise your interest rates (legally and sometimes illegally) whenever they feel necessary making a difficult situation worse. 

Having a cash-flow problem, you start making difficult decisions as to what bills are most important to pay.  Typically your mortgage payment, car payment, and typical living expenses (food, fuel, utilities etc...) are what get paid first.  Credit card payments get paid last, causing your unsecured debt load to increase.  This makes your situation worse, adding stress to an already difficult situation moving you closer to bankruptcy.  So what is the answer?  Increase your cash-flow and avoid bankruptcy. 

You can get a higher paying job, but for most people in today’s economy this isn't’t an option.  The other solution is lowering the amount of your bills.  Typical living expenses as noted above are going to stay about the same, but you can change the way you are handling your credit card debt.  If you had $25,000 of principal balance on credit cards and had an average interest rate of 22%, your minimum payment would be about $695.00 per month.  If you could only pay the minimum payments, it will take you over 42 years to pay off the balance, assuming you never use the cards again and never miss a payment.  You will have paid a total of $72,949.62 to pay off your $25,000.00 debt. 

Something has to change.  Enrolling in a Debt Settlement program with $25,000.00 in credit card debt would cost $381.00 per month for 36 months.   That’s only 55% of the total principal balance.  This will increase your cash-flow by $313.00 per month allowing you to spend that money on things that are important, avoiding bankruptcy and being completely debt free in 3 years or less.  

Debt Settlement is the best way for most consumers to get their debt issues solved quickly and inexpensively as possible.