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January 03, 2007
Credit Card Debt
Because of all the “easy credit card” offers university students get while in school, they often find themselves with a ton of credit card debt after graduating. I thought I’d pass along a link to a great website I found that helped me get things in order before they got out of control.
Credit card debt has no easy solution. After listening through numerous debt podcasts, reading many debt settlement press articles, and getting debt settlement & debt consolidation advice from my friends and family, I felt that I needed a complete solution to my financial obligations. Debt consolidation or credit counseling is a viable alternative for debt relief when the credit card companies agree to the terms of the debt management plan. However, with the new bankruptcy laws and stringent creditor policies, card companies have lowered their initial commitment to debt consolidation agencies. Furthermore, the fact that creditors like Citibank, Bank of America, et al. have stiffened their policies, the net benefit of a debt management plan has been sourly effected. This leaves individuals in the uncomfortable position between avoiding bankruptcy and failing to meet minimum payments. Debt settlement may then be the only effective debt relief alternative.
I stumbled upon a help forum on debt settlement that talked about good and bad debt settlement companies and gave credit to some debt settlement and debt consolidation companies more than others. That's when I found out about Xcelerated Debt Relief and their debt forecasting program. Instead of negotiating with creditors, they were going to structure their program around my abilities and work with the creditors. I was also impressed by the fact that they qualified me for credit counseling and only proceeded with commencing a debt settlement resolution plan after we discovered that the payment plan for credit counseling was 20% higher than what I could feasible afford. With a plan in hand, I proceeded with repaying my creditors according to the schedule Xcelerated Debt Relief had forwarded to my creditors. None of us intended into unmanageable debt in the first place, but I'm glad I found a respectable alternative to filing for bankruptcy.
Posted by Idea Man at January 3, 2007 04:47 PM
Comments
Welcome to our debt relief company. We will help you decide if filing a bankruptcy, doing a debt workout, doing nothing or paying your debt in full is the right way to deal with the money you owes your creditors. Debt and bankruptcy are serious issues.
Posted by: armadalabs@gmail.com at March 26, 2007 07:25 AM
Debt consolidation loans are certainly one way of controlling debt. However, it may not necessarily be the best way to clear your debts forever. Like any form of debt management it takes a lot of financial control. An IVA (Individual Voluntary Arrangement) is another way to reduce debt. By up to 75% to be exact. You should try an IVA Debt Help service as part of your debt management plans.
Posted by: paul.haughney@gmail.com at November 5, 2007 03:49 PM
You are right that debt settlement is right in some instances and I think Xcelerated offers a unique program. It is sometimes hard to choose the best plan, but I think this program outclasses the traditional debt settlement or debt consolidation approaches.
Posted by: frederick.cunningham@gmail.com at November 29, 2007 03:46 AM
this is for those who are victims of credit card debt.
Don't be a victim. Stop credit card debt now. We can help.
http://widecircles.com
Posted by: shreeya1986@gmail.com at June 2, 2008 03:58 AM
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