$9,200 in debt, that’s the average amount of credit card debt per American household in 2007, with interests rates running in the mid to low teens.
In the first 2 quarters of 2008, overall prices were on the rise. Oil, gas and the price of consumer staples such as food and household items increased dramatically. Americans are now feeling the pain of these changes more than ever. For example, consumers are shifting to 4-day workweeks and are shopping more conservatively in hopes of reducing their pain. However, these habits only to so far in preventing compounding credit card debt. Fortunately there are options, but realistically there is only one way to quickly reduce debt. The answer is debt settlement . Here’s why.
For simplicity, assume you have $10,000 of credit card debt, which isn’t really that far from the national average. Now let’s assume an annual percentage rate of 15%. A minimum payment percentage of 3% translates into a minimum monthly payment of $300. And, it will take you more than 50 years to pay off the entire bill. Over this time period you will have spent and extra $7,143 in addition to your original $10,000 debt.
At RESQDEBT we offer debt settlement, because it is the fastest way to pay off your credit card debt without taking on the burden of extreme interest payments and without paying your bills for what seems like forever. Our program is different because we advise you how to stop debt, while negotiating a reduction debt amount with your creditors. While beginning your new journey we build you a customized debt relief program that fits your lifestyle, and the great part is in our program you’ll always pay less than you owe. With debt settlement you’ll never get stuck paying $17,143 for a $10,000 credit card bill. By following our program you’ll be out of debt in as little as 12-36 months, instead of a 50-year payment that costs you more.
Our Debt Relief and Settlement Service
Take this opportunity to find out more on how our debt relief program can reduce your overall monthly out-of-pocket expenses, save you thousands of dollars, get you debt free in as little as 24-48 months. Click here for a service overview.
