Later that year, Karen had to leave work for 3 months because of the birth of their new baby. During this time, they juggled their bills as best they could, but found themselves falling behind.
As a result, their creditors raised their minimum payments, and charged late fees and penalties. Some creditors even raised their interest rates as a penalty for delinquency. Now, even though Karen is back at work, they still can't afford the larger minimum payments. Worse yet, whatever payments they do make don't seem to get them ahead. Does this sound like a familiar story?
Are you one of the millions of Americans struggling with substantial credit card balances? Worrying about temporary job loss, the birth of a child, or illness? Many people are overwhelmed in a cycle of late payments, collection calls, and fees. Sinking into a seemingly unrecoverable downward spiral of financial problems. (Debt Consolidation Loans Central's system will stop the pain, fear, and anguish and put you on the road to recovery.)
If you have $10,000 or more in unsecured debts, are behind in your payments, or about to be behind, or are considering bankruptcy, we will organize your debts into one low monthly payment within your budget and significantly reduce or eliminate interest charges. Let us help you take control of your financial life.
THE BEST-KEPT SECRETS
OF THE BANKING INDUSTRY
This is information that the insiders, the bank presidents and credit managers don't want you to have. But you have the right to understand your options before deciding which strategy will work for you. What we're about to show you is powerful stuff. By the time you're done reading this report, you'll know more about debt management strategies than 99 out of 100 people trying to cope with the same problem. So, let's jump right in!
A FEW WORDS ABOUT
THE BANK IS NOT ON YOUR SIDE!
They want their money, and that's all there is to it. The bank that holds your account doesn't care how the debt got there. They only want your minimum monthly payment, period.
It doesn't matter
that you (or your spouse) lost your job and couldn't find another one
for six months. It doesn't matter that you were sick or seriously injured
and had medical bills that damaged your finances. It doesn't matter that
you're drowning in debt as the result of a difficult divorce or separation.
Collection activity is designed to pressure you to find money someplace and send it in - NOW. Once you fall behind, the bank becomes your adversary - not your friend.
Here's one small sample of ruthless credit tactics: Get out a copy of your credit card agreement with a bank - any bank, since they all do this - and look carefully at the fine print. You'll find, if you look hard enough with a magnifying glass, that there is a nasty clause that informs you of the following: "Interest rates will be substantially increased in the event that debtor defaults on monthly payment agreement."
That's right. The
banks kick you while you're down! Just when you most need them to LOWER
the interest rate so you can dig yourself out of trouble faster, they
begin charging a HIGHER interest rate. Frankly, this should be illegal,
but unfortunately it's not. We've seen rates jump from an already ridiculous
20% up to 27% when a debt goes delinquent. In the good old days, people
went to jail for charging that kind of interest. Today, they become bank
Here's the bad news: It will take you 30-40 years to pay off your debts using the minimum payment method. The good news is that by using a debt negotiation strategy, you can be out of debt in less than three years, without increasing your monthly outlay!
us NOW for a FREE and CONFIDENTIAL consultation.
Check out our Frequently Asked Questions section.