Credit Card Review
More and more people are being swept away in a sea of
high-interest credit card bills. Personal
debt and bankruptcies are at an all-time high. Families
are spending more than they actually earn. Millions are
being robbed of their financial security.
This is mainly caused by one thing: Debt.
The toll it has now taken on society can only be described
as a crisis!
Why? What is it that consumes so many with the urge to
Why do so many live beyond their means—requiring
loans and credit cards to survive—thus fueling the
Consider the following:
• 50 million credit cards are
issued each year.
• The average American carries a cumulative credit
card balance of $8,562.
• The average family has 10 credit cards.
• 78% of Americans are considered “credit
worthy” by the lending industry.
• In 2001, Americans paid over $50 billion in finance
charges to creditors.
• Currently, the total consumer debt for Americans
is a record $735 billion.
• An average minimal payment is 90% interest and
• There were 1.354 million bankruptcies in 1999
• In 2001, 1.5 million credit card
holders declared bankruptcy
• In the United Kingdom, average debt
per household is over $17,000 (USD).
How many of these statistics include you? Have you found
yourself making the minimal payments month after month?
Have you paid off a car note or mortgage payment with
credit cards? Have you found yourself making purchases
you knew you could not afford, but just had to make? If
you are an average American, the answer is yes. And, unless
drastic action is taken, bankruptcy may one day seem like
a healthy alternative for you.
Now for the real question: How can one get out of this
You can start by realizing that credit was intended solely
for those in need. It is not
intended for wants. If you cannot
control your spending habits, then you need help. Seek
professional "consumer credit" counseling.
The first step on the road to debt recovery
is debt consolidation.
"National Institute of Credit Counseling" is
a leading provider of financial debt services
and a leader in debt consolidation services!
They can be your first step to recovering from debt by
consolidating all of your debt under one roof and helping
you build a financial plan that will
work. Take steps today to reclaim your personal and financial
National Institute of Credit Counseling's services cannot
be beat as they have helped 1,000's with their debt consolidation
and their road to debt recovery.
They have a higher acceptance rate than most, so we highly
recommend "National Institute of Credit Counseling."