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I personally was over $45,000 in credit card debt four years ago, but luckily I found
legal advice which helped me fight the card companies and come out saving lots of money.
It doesn't take "luck" to get this good outcome to a bad situation, it takes legal expertise from a
good layer who is determined to protect your rights.
Now, I'm not a lawyer, but I strongly feel that if you are unable to keep up with debts that threaten to crush
you financially, then you need a lawyer who knows how to defend your rights and protect your
interests.
For information on a program based on federal law that is dramatically successful in helping debtors like you
with $20,000, $50,000 or even $100,000 in credit card debts, just send me your name and primary email address and
I'll send you a link.
- This program does not involve bankruptcy, debt consolidation, refinance, or new
loans.
- It does involve lawyers and paralegals helping you as you work youself out of the mess you are in.
- It will save you lots of money in the long run.
- You need to at least know that this program exists.
- You will learn how this happened to you, how you were trapped, and how to get out
- You'll discover an "Open Sesame" secret that will lead you to financial freedom
again.
Your creditors and bill collectors may appear to have all the power, but you have rights and you can use them
to fight for your economic survival.
Your situation really is not as hopeless and difficult as it seems. When I was in debt my lawyer
told me that "this will be one of the easist things you've ever done." He was right. There were
unpleasantries with debt collectors, but I knew how to handle them to my advantage.
For more information, please fill in your name and primary email address below.
Privacy Information: Your info will not be shared with anyone. I hate spam just like you do!
You will be able to unsubscribe from my newsletter at any time.
If you are in big financial trouble, worried sick, and in danger of losing your grip on the
American Dream as a result, then this information is crucial to your future.
Here's to your financial freedom,
David Miller
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The article below may or may not provide useful information to you. The opinions contained are
those of the author and I do not necessarily represent my own viewpoints.
Five Easy Steps to Credit Card Debt Elimination
For many consumers,
credit card debt elimination can seem like mission impossible. When you're thousands of dollars in
debt and trying desperately to find a light at the end of the tunnel, the outlook can be quite bleak.
Fortunately, no one is beyond help when it comes to breaking free from
credit card debt. Here are five easy steps that will have you on the road to credit card debt
elimination in no time.
1. Get All of Your Credit Card Statements Together
If you're serious about credit card debt elimination, the first thing you need to do is gather all of your credit
card statements together and begin creating a "
debt elimination" spreadsheet.
What's going to go on this spreadsheet? You'll want to note how much you owe on each credit card, the interest
rate and whether that rate is an introductory teaser rate or a long-term rate. If any of your credit card rates
are currently on an introductory time line, make note of when that rate will expire and what it will go up to
when it does.
2. Figure Out How Much You Can Afford Each Month
Once you know exactly where your debt stands, it's time to form your game plan. This is critical if you want to
pursue credit card debt elimination in the quickest and most efficient manner possible.
First, take a look at how much you can afford to put towards your debt each month. Add up all of your monthly
expenses (not including the minimum monthly credit card payments you must make). Take all of your other expenses
(include rent/mortgage, car payments, insurance, gas, groceries, utilities, phone, etc.) and add them up.
Once you have your monthly expenses added up, deduct them from your income and see how much you have left over.
Take as much of that amount as you possibly can and put it towards your credit card debt elimination plan.
For instance, let's say you have $400 a month left after all of your monthly expenses have been paid. Take $350
of that (leave $50 for emergencies, etc.) and put that towards paying off your credit card debt.
3. Addressing Your Minimum Monthly Payments
The next step towards credit card debt elimination is adding up all of the minimum monthly payments for all of
your credit cards. For instance, if you have three credit cards, all with a minimum monthly payment of $75, your
total minimum monthly payments would be $225.
If your credit card allocation were $350 each month like the scenario we outlined above, you'd be in okay shape
so far. However, if your minimum monthly payments were $400 and you could only afford $350, then you have a
serious problem and you need to start cutting out expenses. This may mean turning off your cable till you've
achieved credit card debt elimination or foregoing your Starbucks runs, but it will be worth it in the long
run.
4. The Plan of Attack
Now that you know exactly how much debt you have and how much money you can afford to pay off that debt each
month, it's time to form your plan of attack.
First, take the total of your minimum monthly payments and subtract it from what you have allocated towards
credit card debt elimination. So if you have minimum monthly payments of $225 and a credit card debt elimination
allocation of $350, your remaining balance would be $125. Take that $125 and apply it towards the
credit card with the highest interest rate.
Once the credit card with the highest interest rate is paid off, you're going to take the money you were paying
towards that card each month (in this case, it'd be the $125 plus the $75 minimum monthly payment) and pay that
$200 towards the card that now has the highest interest rate in addition to the minimum monthly payment. Keep
repeating this process until you have achieved total credit card debt elimination.
5. The Fruits of Your Labor
Once your credit cards are all paid off, take half of what you were paying towards your debt and put it into a
savings account. This will help you avoid having to rack up credit card debt in the future.
What are you going to do with the other half? Take that half and apply it to the things you were doing without
while pursuing credit card debt elimination. After all, once credit card debt elimination is achieved, you do
deserve to treat yourself.
About the Author:For more tips on credit card
debt, saving money and avoiding getting taken, check out CreditCardTipsEtc.com, a website
that specializes in providing credit card tips, advice and resources.
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