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Why It’s Hard To Get Out Of Credit Card Debt

Category : Credit Card Debt


www.FreeDebtExam.com http The power of compound interest. This is why it’s so hard to get out of credit card debt. If you want free help, take the Free Debt Exam at www.FreeDebtExam.com

Comments (25)

@intj123 Your decision is wise and stand your ground, debt is a frankenstein.

WTF: Just quit paying one red cent to banks credit cards, quit paying for inflated mortgages, quit buying crap, quit your job, quit working your ass off for shit wages in a shit job. Just fucking quit and lets see who’s got who by the fucking balls for a change,. . eh! Cheers!

STOP paying debt and walkaway from underwater mortgage?. . . and guess who’s got who by the balls.

This is a good start to the debt conversation.

I got in trouble and got out by via debt settlement. I used a company called Consumer Recovery Network that charged me $1150 to settle $130,000 of unsecured debt. It took 6 months and my final settlement amount was $40,000 or 28 cents on the dollar. Their fee of $1150 was minuscule compared to other companies whose fees were on average $10,000. . or more!

I am blogging about it at debtsettlementstory (dot) com

Rilo dicksten that is soo weird lmao!! I clciked on this video to say the exact same thing. . everyone in america should take their money out of the bank. . that action alone could save us from the peril we obviously in . these bankers want us dead if you havent noticed. The NWO and bilderburg controlling the one world govt is real . . wake up sheeple!! and TAKE UR MONEY OUT OF THE BANK AND CASH IN UR 401 K 2 ( good job Rilo)

STOP paying your debt, (we) the people do have the power: just stop paying (and playing their game). It would be interesting to see who’s got who by the balls, it’s all just a rigged little poker game,. . . isn’t it?

If your credit sucks like mine did I used a company called Credit Repair Magic to repair my credit and saw results within just days. The main thing that I was able to do with this program was to dispute negative entries on my credit report, which drove my score up as these were deleted. Since most companies cant verify the info on the credit reports, I was able to make my credit score rise dramatically with just a few clicks of the mouse. Click on my channel mycreditrepairmagic for details.

Aaron is right we all need to reduce or eliminate our credit card debt. His debt exam is a great idea to see where you’re at financially. If you’re comparison shopping for debt settlement companies check out the link in my profile.

Good info. For more information check out our credit card cartoons.

RIDICULO!

Gov’t Data is a lie and a fraud in cahoots with the Blankfein’s of
WallStreet, manipulating the “American free market”, credit swaps
high frequency trading, flash orders, naked short selling, cdo’s
Goldman and Obama are in bed, Summers, Benanke, Geitner are frauds
Jobs exported your labor de-valued to Zero to screw you into debt
Walk away from your CC cards and (underwater) mortgages
FICO scores are a scam to enslave you and keep you in debt
Get out off paper. Don’t be sheeple. Fight back!

Credit Cards are worse than loan sharks I would rather deal with the mafia.

The other problem here I think is lack of savings. When you are single, you can basically keep all of your money so even with a fairly low paying job you can probably make ends meet and have some left over.

When you choose to have a family, you are taking on a large risk if some harm comes to them and you aren’t prepared to handle it.

you missed the whole point of the compounding interest yes you pay a mimimum of 1 percent on principal each month (assuming minimum payment) if you have a )% intrest it would take 100 months to pay off. Each month they add interest U then have to pay new interest on the last month interest hence the term compounding interest

stop buying stupid things on credit! If you cannot afford it, DON’T BUY IT!

With the New Year creeping up on us faster than most of us would like, I cant think of a better way to start off the new year than learning how to pay off credit card debt.

Join the New Years Resolutions Extreme Makeover Telesummit today by clicking on my name above in blue (LivingSuccess247)

Sadly, it doesn’t take much to rack up 30K in debt. A friend’s son was hit by a drunk driver, she had to max her cards for medical bills & for living expense while at his bedside (out of state). These days people lose jobs w/o notice. . . jobs they’ve had for many years. There aren’t comparable jobs out there waiting for them. People trying to survive bad times run up large credit card debt.
It’s not just people who have no control over buying shoes or new tech toys.

This guy doesn’t know what he’s talking about. Legally, at least 1% of your monthly credit card payment has to go towards principle. So if you don’t use the card and just pay the minimum it will take you 100 months to pay off the balance regardless of the interest rate.

That is why there should be a cap in intrest rates! 3% over prime fixed to the date you bought the item. When was the last time you got 3% on a saving account?

And because of that thinking is why banks needed a bail out good job!

Creditors harassing you?
In fear of bankruptcy?
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Fast debt relief and have your life back in control in no time!
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Creditors harassing you?
In fear of bankruptcy?
ALPHA DEBT SETTLEMENT will get you the help you need.
Fast debt relief and have your life back in control in no time!
Visit ALPHA SETTLE Today!!!

The Vatican-Pope-Jesuits-illuminati run the world. they have all the judges, attorneys, doctors, major corporations, etc. all in their back pocket. bought & paid for, etc. our country is no longer free -we live in tyranny! truth an obscure thing, Oppression & lie is the norm. Were all slaves- our masters, the elite, r at least 50 years ahead of us in knowledge, technology, info. , secrets & r using all of it against us!

Go here:
truthknowledge. com

Spread it! Time is running out!

o and fyi if your takeing $30,000. 00 cash out on your Credit card u need more help than this guy can give lol

there is one that that is true here combound intrest is charged but ONLY on cash with draws and foren exchange fees. thats all the rest of the intrest from your normal shoping is not this way its based on your totaly amount spent per billing cycle. witch means u only get one 29% charge on 30k vs getting 29% intrest charged to that 30k per day (compound intrest) just a quick fix but a nice point just the same gj for the most part

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