In todayâs unstable economic times, millions of Americans are being forced to make a tough decision; feed the children or pay their credit card debt. Of course, basic necessity comes before paying bills, so they put off their debts and slip into a financial crisis. The late fees begin to pile sky high, the phone starts to ring off the hook and letters begin arriving threatening legal action.
What began as just a few late payments quickly escalates into an economic catastrophe. Unfortunately, this is where very costly mistakes are often made by millions of households every year. They are desperate for a quick resolution to their credit card debt problem, and act upon the first viable option presented to them without fully exploring all of their alternatives.
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