Stop Drowning In Credit Card Debt
“AUSTRALIANS owe almost $50 billion on credit cards as spiralling living costs force them to put everyday expenses and even mortgage repayments on plastic. Reserve Bank of Australia statistics reveal the national credit card debt has climbed 42 per cent in the past five years to $49.3 billion, with $36 billion accruing interest. The $2.87 billion increase has stunned experts with figures showing the average credit card debt of $3321.” (news.com.au)
Did you know that credit card debt affects more people than any disease in the world? I call it a disease because it is. It’s a plague, where spending what we don’t have and we think its okay. The truth is that credit card companies have preyed upon the unsuspecting public, dangling buy now, pay later lines in front of our eyes until we’re drowning in credit card debt.
Does this make you mad? Well, it should. It should make you mad enough to get out of credit card debt and release the shackles on your financial freedom. Imagine your pay being all for you (although, with taxes that will never completely happen, but you get the point). You work hard for your money so wouldn’t it be nice to have it to spend, not just use it to pay down interest rates and late fees?
Credit Card Debt Relief Is Out There!
Thankfully, there are a number of options available for you when it comes to dealing with credit card debt. There are companies out there who are specifically trained in throwing you a life preserver and dragging you out of the waters of debt. Credit card debt doesn’t have to enslave you anymore, simply visit with a credit counselor or consolidation company to begin your journey to financial freedom today.
What To Expect
When you decide to take back charge of your life, you are ready for your consultation. During this appointment, your consultant will assess your finances. They will look at your credit card debt and try to pinpoint what went wrong and where, this way you can avoid coming back into debt in the future. They will then go over your expenses, your income, your debts and your savings and help you plot out the best credit card debt relief plan for your individual case. Because each case is unique due to the creditors involved, the amount of debt incurred and your personal circumstances, a plan will be tailored specifically for you.
Of course, that’s the easy part. The hardest part about getting out of debt is to stop spending! Naturally, nobody can do this for you, so make sure that you are ready, willing and committed to eliminating your debt before wasting your time and money on professional services. BUT, if you ARE ready to take that step, here’s what you have to look forward to:
- Most companies specialising in credit card debt will be able to consolidate your debt. This will allow you to pay one easy payment in line with your pay schedule, making keeping track of your payments easier.
- When companies are able to consolidate your debt, most times they are also able to eliminate or vastly reduce fees. This is the life preserver thrown to the drowning debtor.
- Further, these companies are also able to negotiate lower interest rates.
- The plan that you choose will be the helping hand, getting you out of the water and keeping you afloat so that you don’t fall back in to the cycle of debt.
So, if your debt feels like it’s pulling you into the murky waters towards bankruptcy, don’t fret just yet. There are many companies out there who will work with you towards reducing your payments and eliminating your credit card debt.
If you’re ready to get your feet back on dry land, it’s time to contact your local debt professional today.