Although the image is that people getting into debt is the result of poor credit card use, this is far from the case. While credit card missuse is one factor that gets some people into debt, there are many other reason you may find yourself currently in debt. For example, it is estimated that half of all people that file for banruptcy are doing so due to debt resulting from medical expenses.
Whatever the reason, the ultimate goal is to get out of debt and back into the black.
There are a few questions you can ask yourself regarding your current credit card use to determine if you are creating a credit card debt problem. Do you have outstanding monthly balances on more than one credit card? Do you only make the minimum monthly payment on your credit card? Have you had debt on your credit card for more than three consecutive months? If you answer “Yes” to any of these questions, then your credit card is probably more of a liability to your financial well being than an asset and, you should consider a plan to reduce your debt.
Although there are many types of debt, credit card debt is by the far the most menacing form for most people. Although many sites have debt reduction plans, we have put together one that will not only eliminate your credit card debt, but ALL your debt (credit card, car payments, student loans, medical bills, legal bills, taxes and even the mortgage of your house) in less than 10 years. That’s not a misprint. Depending on the depth of the debt and how motivated you are, it is quite possible to be debt free much quicker!
Before you write us off as crackpots – take the time to look at the system. There are no tricks, easy ways out or magic cures. It’s all straight forward common sense and anyone can do it if they have the will. We do take an approach that is probably different than you have seen elsewhere, but that is the goal of all the writing on our site. Off to step #1.
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