CREDIT CARD DEBT CAN BE OVERWHELMING

Regardless of how it happened, if you are over your head in debt, the mental toll can be debilitating:

♦ Is your debt making you sleep less?
♦ Is your debt keeping you from being as productive at work?
♦ Is you debt causing family problems?
♦ Is your debt making you easily upset in general?

Too many people are overwhelmed by their debt, especially when confronting that they may be spending the rest of their lives just paying interest to banks for the use of their credit cards.

YOU CAN GET OUT OF DEBT AND THERE IS A SOLUTION

You CAN get out of debt, and it doesn’t require bankruptcy.

Speak with a professional debt counselor and learn the facts about how you can dramatically reduce your credit card debt, without filing bankruptcy.

There is no cost and no obligation, and a professional debt counselor will help you understand your options on getting out of debt.

Click “Contact EFS” for an immediate consultation, or enter your name and email below for more information.

When looking to the future a number of questions should be asked to estimate the financial demands that are on the horizon so that one is not continuously handling emergencies of major dental bills, or the necessity to replace a major appliance, all in addition to much longer term planning.

Financial Questions You Need to Ask for Your Family’s Future

In terms of budgeting and managing long-term personal finance, here are a number of questions that are designed to ensure that your financial needs are being considered:

♦ How much money will your family needed for monthly and annual expenses? (For example, food, rent/mortgage, utilities, all bills, etc.). Personal financial decisions may involve paying for education, financing durable goods such as real estate and cars, buying insurance, e.g. health and property insurance, investing and saving for retirement. Be sure to consider every possible financial requirement that you have already incurred and may need to consider.

♦ Where will this money come from, and how?

♦ Are you living on a financial edge where any emergency will jeopardize the security of your family?

♦ If so, what options are available to make more money and/or lower your costs?

♦ How can your family protect itself against unforeseen personal events, as well as those in the external economy? (More savings? More insurance? Investments?)

♦ If you have built up some assets over time, how can your family’s assets best be transferred across generations (bequests and inheritance)?

♦ How does tax policy (tax subsidies or penalties) affect your personal finances? (You may need an accountant to fully flesh this out, but it needs to be including in your personal financial planning).

♦ How does credit affect your family’s financial standing? Are you over your head in debt? Or are you using credit for the purpose of building a future, such as by buying a house or building a business?

♦ How would the temporary loss of income effect your family’s financial stability?

It may be uncomfortable to consider some of these questions, but planning for emergencies and/or confronting that more money is needed and/or a reduction in lifestyle (even if temporary) is required, is nevertheless better than simply hoping that it would never occur to your family.

LEARN THE SHOCKING TRUTH ABOUT DEBT

The truth about debt was NEVER taught to you in school. The ugly reality about the debt industry will NOT be revealed to you by your bank. The unholy alliance between the banks and credit card companies is NOT something the government is going to tell you about.

And the SHOCKING TRUTH about debt is definitely NOT going to be disclosed to you by any of your credit card companies.

WHAT are you NOT supposed to know?

WHY do your options appear so limited!?

HOW can you solve your debt problems without filing BANKRUPTCY!??

EXCLUSIVE BULLETINS ABOUT THE DEBT INDUSTRY

Enter your name and email and instantly receive the first of a 7-part series of EXCLUSIVE BULLETINS that will pull the curtain away from the debt industry and PUT YOU BACK IN CONTROL of your financial future.

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I’m going to start by saying what you should not do. 

Don’t take extra money that you have every month and spread it out over your credit cards.  If for instance, you have $200 left over each month, don’t take that money and add a bit of it to each one of your creditors. 

HERE IS A DEBT SOLUTION

In fact, don’t “pay more on each credit card each month”, something I hear from people quite often. 

Here’s the best way to get out of debt fast if you have extra money each month; it’s called the Roll Down Method. 

Take the extra money and put it all on ONE credit card. 

So, here’s the bigger picture of the Roll Down method: Each month, pay the minimums for each card, then, pick the lowest balance card and put the extra money you have towards that one card.  

Once that card is paid off, take the minimum amount you paid each month to that card along with the extra money and put it all towards the next credit card you want to pay off.

There are 2 things happening. First, you are focusing your power on one card until it is gone.  Second, you are then taking ALL the money you have been spending on that one card and putting it towards the 2^nd card and so on. 

By the time you get to your last credit card, you have all the minimum payments that had been going to the other credit cards PLUS the extra money going into the last credit card to pay it off. 

It’s like creating a good avalanche that finally bowls over your credit card debt. 

Try it out and see what happens.  You might find yourself out of debt in no time!

The Solution to Debt Stress is Below

WHAT IS DEBT STRESS?

“Stress” is described in the American Heritage Dictionary as, “A mentally or emotionally disruptive or upsetting condition occurring in response to adverse external influences and capable of affecting physical health, usually characterized by increased heart rate, a rise in blood pressure, muscular tension, irritability, and depression.”

“Stress” can also refer to “A stimulus or circumstance causing such a condition.”

In other words, debt stress can refer to the cause or effect side of the equation. Debt stress can either be the “mentally or emotionally disruptive or upsetting condition” itself, or the “stimulus or circumstance causing such a condition.”

Becoming stressed out over debt problems covers an even broader range of phenomena that could even result in a real breakdown of health. In popular usage almost any event or situation between the extremes of irritation and full incapacity could be described as stressful.

However you look at it, you don’t need a dictionary to tell you that debt stress spells bad news for you and your family. In fact, everyone you come in contact with has the potential be be adversely effected by the stress you are experiencing from debt problems, by the nature of your irritability and depression rubbing others wrong, further compounding the influence of debt stress.

So HOW do you gain control of your finances again?

For that matter, HOW to you get back control of your life?

If you have more bills than income, HOW in the world are you EVER going to get out of the debt trap?

There is a solution. There is hope. And it does not have to include bankruptcy.

DEBT STRESS SOLUTION

The first thing you should do is find out what your options are. There are four ways you can handle your debt quagmire. One of them will be the solution for you.

Enter your name and email below to instantly receive the first of a series of free, educational bulletins that will be delivered to you daily over the next week and that will reveal to you the solutions of how to get out of debt and gain back control of your life.

Get SOLUTIONS to Cutting Your Credit Card Debt RIGHT NOW! (Without Bankruptcy). SEE BELOW and sign up for FREE!

CONSUMER DEBT

Many folks, such as you and I, are well aware of the most common form of consumer debt: Credit Cards!

The point in noting “consumer debt” is because it’s the easiest and most expensive debt that you and I can incur.

Further, for the point of this article, consumer debt is differentiated from “secured loans,” such as your car and mortgage.

CREDIT CARD INTEREST

The primary reason that credit cards are so expensive is because of the associated interest rate on the balance that you owe above and beyond what you pay at the end of the month. (Although there are plenty of associated fees to make your payments even higher).

Even if you may have started your credit card relationship with a low-interest “introductory special” (in some cases, zero interest for several months), you probably already know your interest has significantly increased.

Interest rates can vary due to a number of factors, including:

• The general economic climate
• The credit card company’s perception of your ability to repay them
• Competitive pressures from credit card lenders (keep in mind that credit card companies are not in business to do you a favor, they are in business to charge you high interest).

Interest rates can vary greatly, and can increase well into double figures.

PREDATORY LENDING

Credit card use is thoroughly integrated into societies around the globe, and constitutes BIG business for the lenders. But those double-digit interest rates are economically oppressive to the end-users and it could be argued that the credit card industry is the world’s largest source of “predatory lending.”

Here is what the American Heritage Dictionary says about PREDATORY:

1. Of, relating to, or characterized by plundering, pillaging, or marauding.
2. Living by or given to exploiting or destroying others for one’s own gain.

Any way you look at it, credit card companies are NOT friends to you and I.

SOLUTIONS TO CREDIT CARD DEBT

Although credit card users (you and I), need to demonstrate greater responsibility in the use of credit cards, so as to avoid becoming abused by predatory interest rates, if you have already reached the point of feeling you are a slave to any of your credit card companies, then you need solutions today.

You CAN get get back in control of your credit card debt, and it sure doesn’t require bankruptcy. Enter your name and email below (it’s FREE) to learn the truth about debt and the SOLUTIONS to eliminating financial stress and becoming debt free.

Debt is woven deeply into the very fabric of our society, business and personal lives.

And yet there are practical arguments against debt, regardless of whether it’s used on a personal, family, social, corporate or governmental level.

Such criticisms are aimed at why debt should NOT be used as a solution for basic consumption and survival. That may seem practical, as it boils down to not spending more than you make.

CREDIT CARD SURVIVAL

However, there are times when one’s very survival relies upon debt: such as a result of a loss of employment, serious illness or injury or other grave circumstances.

It’s easy to criticize individuals, companies and even governments for poor money management, but the reality is, debt is so ingrained into all our lives that the problem becomes one of how to better manage economics for the future, while coping with debt burdens today … and tomorrow.

Unfortunately, individuals are required to be more prudent with their spending than governments, who can simply raise taxes to gain more income, or cause inflation, to lower the value of their own debts.

CREDIT CARD DEBT HELP

Given the combination of criticisms and complexities regarding debt, a simple solution for yourself is to gain a greater understanding of the solutions available to YOU, to get out of debt and to stay out of debt. This website is a resource to help you do just that.