| If you don't pay on time then you have to Eliminate | | | | Credit card debt is a growing problem. The economy |
| Credit Debt. When the month is longer than your | | | | is heading for recession, so credit card debt is a big |
| income - one fact is obvious - it cannot continue for | | | | issue for John and Jane Doe. When times were good, |
| very long - you have to stop the rot. | | | | we could see a way out - now, it's not so easy. |
| CRAs, the credit reporting agencies are a central | | | | The good news is that there are people who help with |
| information base for all credit card companies and | | | | credit debt. It's important to know that it is possible. |
| they receive millions of reports every day. If you are a | | | | Debt consolidation is one way - but just bundling the bill |
| few days late, it might remain a secret, but if you go | | | | doesn't necessarily make it easier to pay. It is vital to |
| over 30 days, they've got you. This info will definitely | | | | cut up your credit cards - and don't get any more. |
| reach your credit report and your score starts to fall. It | | | | Debt counselors can often provide lots of suggestions |
| can take years to build a good score, but months, or | | | | and advice. |
| even weeks, to destroy a good one. | | | | Some people have mountains of credit debt and there |
| Now the closely guarded secret. The info they receive | | | | is no way out - especially in a recession. One solution |
| and the info they input isn't always correct! Yes, you | | | | may appear to be bankruptcy. My personal opinion, not |
| read right - they make mistakes! They are human | | | | legal advice - just an opinion - bankruptcy can ruin you |
| after all! | | | | and your credit score. Get professional advice. |
| And, thank goodness, we have the right to challenge | | | | A better way to keep your hard-earned dollars in your |
| any information we believe is wrong! | | | | hands is to eliminate credit debt. If, by chance, this |
| You should check your report every so often. You | | | | article got here too late and you're already in deep |
| can download easily and even get a free copy when | | | | water, then let me recommend a service I used while |
| you are denied credit. Check it carefully. If you don't | | | | learning the hard way [check it out below]. |
| know how; take it to a trusted friend and ask for help. | | | | By the way, don't consult your friend who's worse off |
| If there is anything there you don't agree with - | | | | than you!! - and do check out your local Better |
| challenge it in writing. Explain your reasons, give the | | | | Business Bureau to be sure you're in good hands. |
| facts and the companies are obliged to reply | | | | If you found this article useful, pass it onto your friends. |
| satisfactorily within 30 days. If they don't; you have the | | | | Easier to avoid than cure ... |
| right to demand the negative (derogatory) info be | | | | *All information contained herein is for informational |
| removed and your demand must be posted in your | | | | purposes only and is not to be construed as legal, |
| report so others can see it. | | | | financial or tax advice. |