comon credit card debt setlement mistakes


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this video aims to show you the various different methods of settieling your credit card debt and the hiden pitfalls of some of them and it also aims to show you how to avoid those pitfalls. for more info visit http://CREDIBTCARDDEBTRECOVERY.INFO

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comon credit card debt setlement mistakes

  1. 2. <ul><li>What you’re about to discover WILL shake </li></ul><ul><li>the debt relief industry to it’s core and it </li></ul><ul><li>is for this reason that they will force this </li></ul><ul><li>network to take this video down </li></ul><ul><li>At any moment so watch it NOW before it’s to </li></ul><ul><li>Late… </li></ul>
  2. 3. Do you have credit card debt? ? Do you want to settle your debt?
  3. 4. Then Pay close attention!
  4. 5. Because I’m about to show you the secret and FATAL flaws that are built into the debt relief industry and how to avoid and capitalize upon them
  5. 6. But first a little bit about Me! <ul><li>Hello My name is ceecee and I am a 27 year old women who has been </li></ul><ul><li>suffering from credit card debt sense I was sixteen years </li></ul><ul><li>old it got so bad that I had to work two jobs just to pay </li></ul><ul><li>the interest. Then It was then that I finally said </li></ul><ul><li>ENOUGH! And I went on a search to find a solution to my problem and after a </li></ul><ul><li>lot of research, dead end leads and misplaced investments I found out that the </li></ul><ul><li>debt consolidation industry has several mistakes built into it. And you know </li></ul><ul><li>what, I finally figured out how to beat thee creditors at there own game. And he is what I </li></ul><ul><li>learned. </li></ul>
  6. 7. Now lets get down to business!
  7. 8. <ul><li>If you want a good credit card debt </li></ul><ul><li>settlement, you must try to avoid as many of </li></ul><ul><li>the following methods or mistakes. Most of </li></ul><ul><li>them include pointers on what you should </li></ul><ul><li>avoid if you do not want your credit card </li></ul><ul><li>debt to continue escalating. </li></ul>
  8. 9. Closing Your Account <ul><li>Some people become extremely fed up with their credit card debt due to their inability to meet the rising interest rate and debt. Therefore, most opt for the easy way out, which is to close their accounts. While this solves one aspect of your problem, it offers another type of dilemma. Doing so will cause your credit rating to take a massive dip. </li></ul>
  9. 10. Closing Your Account cont… <ul><li>Here's a solution that you can try. If you have determined to not want to use the cards, then set it aside. You need to really fulfill the promise to not use cards in any of your purchases again since it can easily add up to your debts. Meanwhile, make sure to continue settling any other existing credit card debts while you help yourself by not adding more damage. </li></ul>
  10. 11. Opting To Settle Minimum Balance <ul><li>This is one mistake that people often make when paying off </li></ul><ul><li>their credit card bills that often result in rising credit card </li></ul><ul><li>debts. When you are using credit card to make purchases, </li></ul><ul><li>it is easy to believe you have an unlimited pool of money. </li></ul><ul><li>That is when excessive splurging comes into play that </li></ul><ul><li>causes unimaginable credit card debts. If you pay only the </li></ul><ul><li>minimum balance, your creditors could care less because </li></ul><ul><li>they will be getting a percentage of interest on that. ,If you </li></ul><ul><li>can, try paying double your minimum amount in order to </li></ul><ul><li>relieve yourself from mounting interest that could really hurt </li></ul><ul><li>your financial status and increase your debt. </li></ul>
  11. 12. Paying High Interest Rate <ul><li>This is an obvious mistake that most debtors often </li></ul><ul><li>make when trying to settle credit card debts. Since </li></ul><ul><li>being able to settle all of your debt is also </li></ul><ul><li>in the interest of your credit card company, then </li></ul><ul><li>you need to negotiate a meeting point when it </li></ul><ul><li>comes to your interest rate. Once you </li></ul><ul><li>have agreed on a lower interest rate, look into </li></ul><ul><li>making punctual payments to avoid adding more </li></ul><ul><li>late payment charges on your balance. </li></ul>
  12. 13. Debt consolidation <ul><li>Debt consolidation is a debt relief option that is already </li></ul><ul><li>becoming quite popular among people with debt problems. </li></ul><ul><li>While this has helped quite a few people settle their debts and </li></ul><ul><li>return to a smoother financial status, it is not always the </li></ul><ul><li>best option to relieve you of debt. If you're not familiar with </li></ul><ul><li>this method, debt consolidation is when you find a new </li></ul><ul><li>creditor that will pay off any of your existing debts then; you </li></ul><ul><li>will have to settle those accounts through your new creditor. </li></ul>
  13. 14. Debt consolidation cont… <ul><li>The convenience offered by debt </li></ul><ul><li>consolidators is that you </li></ul><ul><li>now have only one debt to settle, as </li></ul><ul><li>opposed to multiple of them. Plus, </li></ul><ul><li>negotiating for a low interest rate on your </li></ul><ul><li>debts is possible but it will </li></ul><ul><li>extend the life of your loan and payment </li></ul><ul><li>period. </li></ul>
  14. 15. Debt consolidation cont 2… <ul><li>Of course, these debt consolidators don't do it if there's no benefit for them. Debtors are given an up-front fee at some consolidating companies while a statement of having “third party assistance” will be reflected on your credit report. </li></ul>
  15. 16. Credit card debt counseling <ul><li>This method enlists the help of </li></ul><ul><li>professional debt counselor. Their role is to do </li></ul><ul><li>the negotiating with your credit card company </li></ul><ul><li>in the hopes of reducing your current </li></ul><ul><li>credit balance. Some might even suggest you </li></ul><ul><li>get into a debt consolidation program once </li></ul><ul><li>they have assessed that it would help alleviate </li></ul><ul><li>your financial condition while eliminating </li></ul><ul><li>credit card debt. </li></ul>
  16. 17. Credit card debt counseling cont… <ul><li>You will typically start off with basic </li></ul><ul><li>money management and they would help </li></ul><ul><li>you come up with a sound budget plan. </li></ul><ul><li>The idea here is to not only help </li></ul><ul><li>an individual get out of debt but to </li></ul><ul><li>improve their financial management </li></ul><ul><li>ability to ensure that they put an end to </li></ul><ul><li>the debt cycle. </li></ul>
  17. 18. If you want to find out more about any of the previously mentioned solutions or even discuss your debt problems then drop by my blog http://CREDIBTCARDDEBTRECOVERY.INFO