Excessive Credit Card Debt Can be Eliminated in ½ the Time

You know the story. Companies entice young adults with credit cards as a way to get anything they want without having to pay for it at the time. In a very short time they build up excessive credit card debt and are caught in the trap. Millions of people are stuck in a harsh cycle of not being able to make the monthly payments due to large balances. Payments are missed, interest goes up and the balance gets even larger. They feel hopeless and wonder if they can ever eliminate personal debt.

When it comes to reducing or eliminating excessive debt, there are a few well-known debt reduction options:

Debt consolidation loans
Debt settlement services
Negotiating credit card debt yourself

The Dirty Secrets of Debt Consolidation Loans

The basic idea of a debt consolidation loan is simple - take out one large secured loan to pay off your excessive credit card debt. Sounds like a good idea to eliminate personal debt, but when you examine it closer, you’ll discover:

Your personal property is at risk - This typically means your car, your home or some other big-ticket asset. Now you risk losing your personal property if you can’t make the loan payments.
You won’t be able to qualify - Chances are if you have significant credit card debt, your credit level is damaged. With credit markets being what they are, it is almost impossible to even qualify for this debt reduction option.
Your debt will increase – With a loan, your overall debt does not go down. Sure you might be paying less each month, but it actually takes you longer to pay off your debt!

The Deception of Debt Settlement Services

Debt settlement services are companies who negotiate with creditors, on your behalf, to “erase” at least 40% of your excessive credit card debt. But what they don’t tell you is:

Your credit score will plummet – The promise of eliminating the large percentage of the principal debt is done in a one lump-sum payment. This means you have to stop the monthly payments until you’ve saved enough to eliminate debt. When you don’t pay your bills, your credit score drops and unsecured interest rates sky-rocket.
You will be saddled with fees – You could be charged set-up fees, maintenance fees and 25% or more “commission” on successful settlements. All the fees and other hidden charges can quickly add up to thousands of dollars or more.
Your excessive credit card debt will increase – As you skip monthly payments to try save up for your lump-sum payoff, late fees and over-limit penalties are being tacked on to your overall debt. So you are not reducing personal debt, you are increasing it!

Self-Negotiation Nightmares

To avoid the fees and hassles of having others help to reduce excessive credit card debt, you can try to handle the dirty work yourself by contacting your creditors with your own debt reduction solution. But you better have your boxing gloves! It’s not as easy as it sounds. Conversations with creditors are rarely cordial because you owe them money and they want it now. Most will be firm and unresponsive to any requests for settlement and you will end up right where you started.

Excessive Credit Card Debt Gone in ½ the Time

It’s finally possible to decrease your credit card debt in the least possible amount of time without increasing your debt, destroying your credit or dealing with harsh creditors. The solution is the Money Merge Account™ program.

The Money Merge Account program is powered by sophisticated debt reduction software that allows you to use your money to your advantage and eliminate excessive credit card debt once and for all! The software centralizes your income, expenses and all of your debts and uses complex algorithms to analyze each variable.

The debt reduction software then alerts you when to make a payment on each debt and in what amount in order to cancel interest and strategically eliminate personal debts off in as little as 1/3-1/2 the time of other options. The Money Merge Account system does NOT add to your overall debt, keep you in debt longer or grow your excessive credit card debt.

All you need to start working with the Money Merge Account debt reduction program is a checking account, savings account and of course the Money Merge Account system to guide you out of debt.

Don’t be fooled by so-called credit card debt reduction programs that falsely promise to free you from excessive credit card debt. Find out how the Money Merge Account system can work for you today. Get a complimentary analysis and discover why the Money Merge Account program is the best debt reduction option available.

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