Did you know that if you owe $10,000 on your credit card that it will take you over 20 years to pay it off? And did you know the same charge could cost you almost $40,000 in interest? This scenario takes place every day because many Americans are not aware of how to get out of debt.
Because of this, bad credit card debt causes 95% of all bankruptcies.
Private companies are now starting to work with the public and are releasing free information that can help erase your debt by 50% so you can stop being harassed by letters and phone calls from your creditors.
Many Americans are not aware that a simple charge today on a credit card will follow them into retirement if they don't do anything about it.
To add to this, we have seen 21-year-olds at least $20,000 in debt to a credit card company and almost 100% of them will have to file for bankruptcy.
All this can be avoided as now companies are releasing free information to hep you erase your debt.
You can now legally reduce your debt load by 50% and sometimes as much as 66%, but the average person does not know this because they have been educated by Visa and MasterCard and other credit-card institutions.
As we can see, an education from a credit card company will only get Americans in more debt.
There are consumer protection laws in place and little-known tactics that you can use to erase your debt and these laws have made staying in debt an option today in America.
Exercise your rights.