Monday, 26 December 2011

Is There a Credit Card Debt Relief and Reduction Act; Got $10,000 in Debt Or More and Get It Drastically Reduced!

Oops! You just found your credit card bill hidden under a stack of mail, and it is two days late! You immediately call the company to work out a solution and get slammed with bad news. First of all, they have charged you a late fee of $25. There is a better and LEGAL way.Did you Know that it is 100% Legal to ———> Legally and Ethically Reduce Your Credit Card Debt.? It takes less than 15 seconds. Just enter how much you owe to see how much you can get reduced.This fee sent your balance over the credit limit, and so they charged you another $35. Now your minimum payment is double what it usually is, plus $60. You can’t afford the minimum, so you pay what you can. Next month, you are still over the limit, and get slammed with another over the limit fee. Welcome to the world of credit cards. This is another reason why credit card debt relief programs have become popular.In response to this many have turned to what consumers are calling, “the debt relief act” or the “credit card debt relief act”, although congress has nothing to do with this as the banks are now the ones who are reducing your debts if you have over $10,000 in arrears.Fact: In 2009, credit card companies made $20.5 billion from the fees they charged. Fact: The average late fee in 2009 was $28.19, an increase of $2.29 from 2008. Fact: The average over the limit fee is $29.13. When you look at the numbers, you can understand how the credit card companies made such a fortune in fees. They are quick to charge the fees, and slow to remove them. Does it really cost them $25 if you are late? Does it cost them $35 if you go over your credit limit. Of course not. But it’s a competitive business world, and they are in the business to make money. Legally Credit Card Debt Reduction. has now become a “must do” for many Americans because they can no longer take the financial stress. So, if you hear about the “credit card debt relief act”, the “credit card debt reform”, or the “credit card bailout”, know that banks have finally begun to work with consumers who have over $10,000 in debt that they owe.Fact: Your balance can easily soar out of control when you make one late payment, as seen in the example above. Many Americans find themselves making less than the minimum payment. With interest and fees calculated in, they are not making any progress on paying off their card.If this sounds like you, it is time to get helpEscape the trap, and begin your journey to financial freedom.

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