CREDIT CARD DEBT IS ON THE RISE

Consumer Credit Card Debt, What A Nightmare.

Let's talk about consumer credit credit card debt.   Credit cards are an invitation to buy now and pay later.  At first glance, this is an excellent idea.  Finance what you need or want at the time with the promise to make your monthly payments and or to pay off in one lump sum.  A problem results when "life gets in the way."

A person can have their hours cut back at work resulting in less take home pay or lose their job all together.   There can be unexpected medical bills or you really thought you could make the payments.  If you have several credit cards and revolving credit cards, you might have to opt for paying the minimum and the principal will go down ever so slightly and the result being that the consumer pays and pays and pays, and is still in debt.   Does all of this sound familiar?

Nationwide consumer information reports that it is estimated that the average credit card debt per household with credit card debt is $15,799.00.

As household wealth has declined in the downturn, more American families are facing financial distress due to high debt burdens.  In 2007 before the recession began, 14.7% of US families had debt exceeding 40% of their income and this is not taking into account mortgage debt.

The American consumer is drowning in credit card debt.  Is there a light at the end of the tunnel?  How long will it take for the individual consumer to achieve debt relief?

These are good questions and we need to find the answers.

It is a nightmare for families in debt.

Miss a payment, be late on a payment or stop paying and the nightmare begins.

Collection agencies and creditors including credit card companies and mortgage lenders can legally call requesting payment from 8am to 9pm 7 days a week including holidays.  They are not supposed to harrass the person owing the money, but they do.  This is their job.  Collect what is owed.

Soon you know the phone number they are calling from and the type of mail they send.  You don't answer the phone and the mail goes right to the paper recycle bin without opening.  The problem does not go away.  Several things can happen and they do.

The consumer is in need of debt relief.  In my next blog I will write about some solutions to help with credit card debt.

This blog is written by Marilu Nieto, Real Estate Broker and Affiliate Marketer in an effort to offer quality information regarding consumer debt relief.  I may receive compensation from companies here linked.

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Related articles

• Credit Card Debt Soars as Americans Borrow Like It's 2006(dailyfinance.com)
• All Debt Is Not Created Equally - Why Credit Card Debt Wrecks Your Credit Score (askthemoneycoach.com)
• Credit card debt on the rise, again (money.cnn.com)
• Credit Card Debt Is on the Rise (consumerdebtreliefblog1.wordpress.com)

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Shocking News You Must Know About Debt Consolidation Companies

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Many households across this nation are suffering from consumer debt that is out of control.  As families suffer from foreclosure, new bankrupcy reforms making it harder to file and over all debt that they can not repay, there are companies seeing these situations as a money making opportunities.

The consumer is in need of debt relief.  This is a given, but who do you trust?

Consumers have suffered through scam loan modifications that ultimately ended up as short sales or better yet foreclosures because they thought that the situation was being handled by professional credit counseling agencies, loan modification companies and bankrupcy attorneys that took their money and did nothing.

After researching several companies offering a shelter in the form of debt consolidation, loan consolidation, credit counseling, loan modification, short sales and consumer debt consolidation I find that they are not all the same and the cost varies incredibly not to mention the service and client satisfaction.

Checking several of these debt reduction programs offered by various agencies, I was shocked by the BBB complaints and the amount of unsatisfied customers.

In my research I found a company that offers FREE CONSULTATION.

If you like the way they handle your business and the way they resolve your debt problem, then there is a charge. Once again I did research the charge and it is lower than any of the other companies I looked up information on.

Don't spend another sleepless night. Do some research as I have and find a solution to your debt problems. 

Blog and article by Marilu Nieto in an effort to offer quality information about consumer debt consolidation companies.

Email:   divagirlreviews@smartreviewsonline.com