Credit card consolidation: Could it be your best option?

Did you know that if you have a credit card with "only" $8,000 in charges against it, and are making the minimum payment with 18% interest, it will take you 25 years to pay it off, and you will pay more than $24,000 before you get to 0. And that's if you never charge another dime...

Statistics Revealed:

Average American family credit card debt = $7,000

Average Interest Rate = 18.9%

Average number of credit cards per family = 10
(According to American Consumer Credit Counseling, Inc.)

"More American filed for bankruptcy during the first quarter of 2003 than in any other previous quarter in history..."
(According to Administrative Office of the U.S. Courts)

...Furthermore, the laws favor the credit card companies. Default on just one card, and all the companies can jack your rates to the maximum default rate allowed. Credit is convenient, but the average American household uses it all too readily. All it takes is for you to lose your job, or suffer an accident or serious illness, and suddenly those monthly payments are impossible to meet. The second a negative note appears on your monthly credit report, you are a bad risk, and companies can raise your rates, making sure they get the amount owed as quickly as possible.

Fortunately, you don't have to be victim of either your own mistakes or of ruthless company policy. Counseling and credit card debt consolidation can put you back in control of your finances and your life.

Start here with free consultation services from AmericanDebtTrust. They will conduct a confidential interview and work one on one with you to design a program that will meet your needs and solve your debt problems. You have no reason to delay. The situation will only get worse, as most companies will not budge on high rates when contacted by individuals themselves. They have you at their mercy, and they know it. They don't care if you file for bankruptcy; they expect it and have given you such high rates because that way they expect to get most of their money before the complicated procedure of bankruptcy can be completed.

Bankruptcy may seem like your only option, but it is seldom your best option. Have you heard that it only stays on your credit report for seven years? Think again. Some companies—such as mortgage loan companies, for example—may ask if you have EVER filed for bankruptcy. Your credit is damaged for too many years of your adult life.

Before giving up, let us help direct you. A credit counselor will explain all your options. A debt consolidation program will usually reduce your monthly payment, radically lower your interest, and set you free in as little as three or four years. Compared to 24 years? Four years would seem like a walk in the park. And the biggest perk of all? While bankruptcy severely damages your credit rating, the successful completion of a debt consolidation program will actually repair and restore your credit. In as little as four years, you may have companies offering you more new credit than you would ever want. At that point, you'll just have to remember to say, "no, thank you." Start here, and get help now.