Consumer Debt Solutions – What REALLY works?

Most of us are desperate to find consumer debt solutions that truly reduce personal debt or eliminate it for good. We got caught in the downward spiral of relying too much on debt and are now saddled with unrealistic monthly payments and high interest rates. There are many consumer debt solutions out there, but which ones are best for debt elimination?

Let’s take a look at some common debt elimination solutions.

Consumer Credit Counseling Does Not Work

The promise of consumer counseling agencies is to “give you financial freedom” by negotiating with your creditors to lower your monthly payments or your interest rate. Like other consumer debt solutions, it may seem to make it easier on your month-to-month budget, but doesn’t address the bigger problem – your overall debt! But does it work to reduce personal debt? Not really. A typical counseling plan takes 4-5 years to work and has a failure rate of nearly 75%!

Consolidation Keeps You in Debt Longer

The idea around debt consolidation is simple. All you have to do is take out a secured loan using a high-value asset as collateral (like your house, car or other big-ticket item), and use it to pay back your credit cards with unsecured interest. But this isn’t necessarily the magic consumer debt solution you are expecting. Your overall debt does not go down and you end up owing money longer, which costs you more in the long run! That certainly doesn’t sound like the best debt reduction option.

Bankruptcy Does Not Bail You Out

When you’re in the black hole of personal debt, you might think your only debt solution is to “wipe the slate clean” by filing bankruptcy. But think again. In October 2005, the bankruptcy law changed making it almost impossible to qualify for the Chapter 7 protection which “zero’s out” your debts. The new law also requires you to go to credit counseling before filing, so you’re back to that whole 5-year plan that is likely to fail! Not exactly the consumer debt solution you were hoping for.

Debt Settlement Services Destroy Your Credit

Debt settlement services are companies who negotiate with your creditors on your behalf to “erase” at least 40% of your principal debt. That sounds good, right? Well, look closer. Their promise is achieved by stopping monthly payments so you can make one lump-sum payment and clear away or reduce your personal debt. The problem with this debt solution lies in the lump-sum payment. When you skip monthly payments, you are assessed fees and penalties that actually increase your total debt. Plus, your credit score goes down the tubes, which can greatly impact your financial future.

A Money Merge Account Is The Ultimate Debt Solution

You need a consumer debt solution that REALLY works! One that does not increase your overall debt or diminish your credit. The Money Merge Account program is a revolutionary debt reduction strategy that allows you to use your money to your advantage so you can finally be on the road to becoming debt free.

Here is how it works: A Money Merge Account is a software system that centralizes your existing income and expenses. It then uses complex algorithms to alert you when it is the best time to make a payment so you can minimize interest and get out of debt in the least amount of time possible! Now THAT’S a true consumer debt solution!

The Money Merge Account system doesn’t require you to use your personal property as collateral or dive deeper into debt by borrowing even more money. In fact, you probably already have almost everything you need to get started:

1. Debt
2. A checking account
3. A savings account
4. Approved Money Merge Account Analysis

The Money Merge Account system will become your financial “command center” and allow you to leverage your income to cancel interest. Since the Money Merge Account debt reduction software calculates the exact time and exact amount of your payments, you will be able to maximize the amount of principal debt that is eliminated. That means your interest charges will be cancelled out and you can become debt free in no time!

Don’t fall for those so-called consumer debt solutions that keep you in debt longer causing increased interest rates and deteriorate your credit score. The Money Merge Account system is your ultimate debt solution…and it REALLY WORKS!

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