We don't want you to make such an important decision without all the fact's so use our savings calculator to compare these four main debt relief options and determine for yourself which method provides you the debt relief your seeking.
Making Minimum Payments is the worst possible way to address your debt
The 'minimum payment' is probably the most misunderstood aspect of credit card debt today. Many of us stick to the minimum payment option on a monthly basis in the miss-belief that we are actually reducing our debt; unfortunately this is not the case at all.
We need to keep in mind that credit card companies are in fact businesses, with the ultimate aim of making money and increasing profits. To this end it is in the best interests of the credit card company to keep a balance on your account and keep you in debt! One of the most effective ways of accomplishing this is through the 'minimum payment' option you will see on your monthly statement. Let's face it; most of us don't have the money to clear our outstanding balance in full each and every month, so when the card provider gives you the option of a low payment, some of us will jump at the chance!
However, although this seems great at the time, it's exactly what your credit card provider wants you to do! Why is that? Well for a start, the figure they give you as your minimum payment is made up primarily of interest charges. For example on a balance of $2000, a minimum payment of $40 could be made up of up to $38.22 interest, meaning your actual balance would be reducing by only $1.78 per month!
To successfully pay off your credit card debt, you will constantly have to pay more than your minimum payments. If you are struggling with your minimum payments, the much better option is to decide on a monthly figure you can comfortably afford to pay. If this amount is lower than your minimum payments, it is time to educate yourself about our Debt Settlement program. Fill out the contact form below. One of our highly trained debt consultants will contact you within 24 hours to help you explore your debt relief options.
Debt Settlement or Forensic Mitigation are Programs that can aggressively reduce your unsecured debt, Especially With Individuals that are facing a financial hardship Or Are Unable To Meet Your Current Minimum Credit Card Payments. Our Debt Settlement and forensic mitigation Programs Have Successfully Settled Thousands of Accounts with Creditors and Collection Agencies. This Is A Successful Debt Reduction Option and can reduce Your Actual Debt up to 60% while cutting your monthly payments 30-60%. To see if you qualify, Give Us A Call At 1-866-936-2213 (Agents Are Standing By) Or Fill Out The Contact Form Below And One Of Our Experienced Debt Reduction Agents Will Get Back To You Within 24 Hours. Help Is Only A Button Click Away!
