The hidden secret your
creditors won't tell you
Read this before your next credit card payment is due:
There is an industry secret that credit card companies don’t want you to know which is causing millions of dollars in credit card debt to be forgiven. The truth of the matter is that if you have over $10,000 in debt, you could be eligible for a huge debt assistance. But your credit card company won’t tell you that. When consumers are faced with large debts, they might try to take out a debt consolidation loan in order to consolidate their debt into one payment, but the problem with this is that you need to have good credit in order to get a decent interest rate. And from what we have seen, it is usually harder to get a good rate if you have a fair amount of revolving debt, as this is seen as a “riskier” investment for creditors.
But did you know?
You can call your credit card companies and ask for a lower interest rate if you are having a hard time paying your bill and sometimes they will reduce it for you! The issue with this is that it works only some of the time and can be annoying to call all of your creditors to negotiate a lower rate.
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Industry secret you may not know
Luckily, there are companies that do this for you on your behalf. By utilizing these companies, consumers are able to reduce the interest rates on their current debts, and sometimes, a portion of their debt is even forgiven!! Unlike when a consumer calls a credit card company, these debt relief companies have special relationships with creditors that allows for debt to be forgiven sometimes. Imagine not having to pay a portion of your debt! The results can be shocking!
Another added benefit is that instead of owing multiple creditors, these debt relief companies consolidate all of your payments into one monthly bill that is way more manageable. You could get out of debt within 24-48 months! We are thankful that there are companies working for the consumers and not the other way around. Finally a solution that actually works to get you out of debt!
Here are your Action Steps to get out of debt
Step 1. Visit Debt Doctor
Step 2. Enter in your state and debt amount
Step 3. Review your options to get out of debt
Good Luck!
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