Find a Lawyer Legal Directory at  - Article Details

Stop Paying Your Credit Card Should You Owe 10K Or More - Find A Better Way Out Of Debt

Date Added: February 20, 2010 04:00:17 PM
Author: Administrator
Category: Arbitrators/Mediators

Stop Paying Your Credit Card Should You Owe 10K Or More - Find A Better Way Out Of Debt

Author: howard Snyder

I don't think there is anybody out there that sets out to have into a lot of credit card debt with the intention to never pay it back. But life isn't usually simple and some individuals find themselves buried in debt due to loss of job or income, a medical emergency when they have no insurance or other circumstances. If you're among this group, you ought to cease and look really hard at your situation and see how significantly you owe. If your credit card debt is $10,000 or higher, chances are great that no matter how much you pay each month, you can't seem to lower the credit card debt.

How To Get Rid Of Credit Card Debt Fast - Making Minimum Payments Is Not The Way Out Of Debt. Discover Out What Is

It's at this point where you should think about talking to a credit card debt specialist and get help figuring out a way to put a stop to this cycle and find a plan that can get you out of debt within the shortest amount of time without having to file bankruptcy.

How Do I Get Rid Of Credit Card Debt - Read This If You Have $10,000 Or More In Credit Card Debt

There are many debt settlement companies out there and the principle behind the process is that when you hire them, they will negotiate on your behalf with all of your creditors and come up with a program that is acceptable for both of you. In general, the settlement is anywhere between 35 to 50 cents on the dollar. For example, should you owed $10,000 you would end up paying $3,500 to $5,000 over a period of 2 to 5 years or on whatever terms you agree. While this is still a great quantity of money, it's nowhere near your original credit card debt and this will free up your cash to cover your basic living expenses and alleviate the financial pressure.

Article Source: Link

About the Author

If you want to legally eliminate credit card debt, click the link How To Get Rid Of Credit Card Debt Fast - Consolidate Credit Card Debt And Be Debt Free Fast
or here:

You must be logged in to leave a rating.
(0 votes)

No Comments Yet.

You must be logged in to leave a Comment.

    What Are Niche Link Directories?

    The latest advancement that is included in the directory market is the niche link directory. This allows the owners of the website to list their websites according to the niche. This allows the users even to get an easy access to the related links.

    [Read more]

    Why List in a Legal Directory?

    Anyone serious about promoting their law firm should add your URL of your law firm's website to every Law Directory they can. It's just good business to promote your law firm on the Internet.

    [Read more]

    Getting a Law Degree

    With a law degree you can open your own practice or join a firm of lawyers to serve clients. The type of law degree you obtain will have an impact on the type of job you can get.

    [Read more]

  • Featured