Why Most Debt Reduction Strategies Fail

Most debt reduction strategies have an overall failure rate of 75%. In fact, most people entering a debt relief program actually wind up with more debt after one year than when they started. Let’s take a look at the top reasons why most debt reduction strategies are doomed to failure:

Inflexible Payment Arrangements

Whether talking about credit counseling, Chapter 13 bankruptcy, or even debt settlement—you really are not in control of your finances. One missed payment can void any arrangements you have made and send you spiraling back into debt (or land you in serious legal trouble). Inflexible debt reduction programs don’t allow for emergencies which is why many opt out of them when they truly need to divert resources elsewhere.

Lack of Progress

People only enter a debt reduction program for one reason: To get out of debt in the shortest time possible. Sadly, most debt reduction programs accomplish little more than making your phone stop ringing in the first year. They do not plot the quickest path to becoming debt free which is why it can take 1-2 years before you start to see any noticeable drop in overall debt.

Increase Debt Burden and Add Stress

Both debt settlement and Chapter 13 bankruptcy protection ruin your credit score to the point that you can expect to pay far greater interest charges for years to come. Debt settlement companies literally advise clients to STOP paying their bills so they can save up to pay one large settlement to each creditor.

In the meantime, your debt continues to grow because of interest charges and over limit/late fees! Plus, don’t be surprised when creditors start suing you for uncollected debts!

The Money Merge Account™ System: The Ultimate Debt Reduction Solution

The Money Merge Account system is designed to pay off your debts in the quickest time possible while:

• Using Existing Income

• Preserving/Improving Your Credit Score

• Seeing Results Immediately After Making Each Payment (program recalculates pay off dates for each debt after payments are made)

• You maintain full control over finances

Using the Money Merge Account debt reduction program, all of your income and expenses are centralized and linked to an advanced software suite. This incredibly advanced debt reduction software is made from millions of lines of code and complex algorithms.

The algorithms analyze every aspect of your financial situation and calculate the best time to pay on each debt and in what amounts. These precise payments maximize the amount of money applied towards the principle debt balance so that you get out of debt in the shortest time possible.

For the Money Merge Account debt reduction system to work all you need is a checking account and savings account. Using these two accounts the debt elimination system will periodically prompt and show you how to pay more than the minimum payment to reduce the principle debt balance as fast as possible—without requiring additional income!

So unlike other debt reduction strategies that are inflexible, ruin your credit, or make little progress towards paying off your debts, the Money Merge Account system is the fastest way out of debt on the market today! Get your complimentary analysis.

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