If you have overwhelming debt and are having a difficult time making your monthly payments, the last thing you need to worry about is your credit!
I have been in the Debt Settlement industry for 10 years and I have heard the worries that people have about their credit when they can hardly pay their debt.
There are a couple of things that stand out about someone worried about their credit:
- They don’t really know what their credit score is.
- They don’t know what their score even means.
- They think their credit score will just get better if they keep making their minimum payments.
- They don’t understand that their income to debt ratio is so bad that no bank or lender would give them a loan.
Let’s look at it like this. When you go to bed at night, do you worry about your credit score or how the hell you’re going to get out of your debt?
My bet is, you’re looking at the ceiling late at night worried about paying your credit cards.
WHO REALLY CARES ABOUT YOUR CREDIT?
The credit card companies, of course! They want to remind you that if you don’t pay your credit cards on time, you will have bad credit for 7 to 10 years!
But wait, have any of these creditors really looked at what they are saying?
No!
Because what they are saying is that if you don’t continue to pay your debt at minimum payments for the next 30+ years, you will have bad credit for 7 to 10 years.
Now wait, if I pay my credit cards for 30+ years and pay back 3 to 4 times what I initially borrowed, I will be able to avoid bad credit for 7 to 10 years?
See, it just doesn’t make any sense. Bad credit can go away in 7 to 10 years, but credit card debt won’t go away for 30+ years if you can only make minimum payments!
Debt Settlement, or Debt Negotiation (same thing) can get you out of debt on the average of 3 years and you spend less than you currently owe in unsecured debt.
How does that happen?
Investigate more about Debt Settlement or Debt Negotiation by adding your name and email below and clicking SUBMIT! Over the next week you’ll receive a series of email training messages designed to help you sort out the best solution to your debt stress.
