Total Credit Card Debt Elimination Can Be Achieved Without The Gimmicks

Total credit card debt elimination may seem completely out of reach if you are one of the millions with excessive credit card debt. The situation might feel hopeless as you start researching the advertised credit card debt elimination techniques and realize that they aren’t exactly what they seem. Some of the gimmicks you might run across include encouragement to:

1. Switch out credit cards
2. Take out a loan to pay off your credit card balance
3. Enlist the help of a third party to negotiate with creditors

Gimmick #1: Switching Credit Cards

Some advertised solutions say the only way to be successful in your journey toward credit card debt elimination is to transfer the balances on your current credit cards to a new card with a lower interest rate. But getting ANOTHER card doesn’t help eliminate credit card debt. While a lower interest rate might seem enticing, it’s likely that the new rate is introductory only. So after the initial period, you could end up with a higher rate than you started with!

Gimmick #2: Take Out A Secured Loan

You might hear the debt reduction tip to take out a secured loan to pay off your balances on your unsecured credit cards, with the ultimate promise leading to complete credit card debt elimination. However, you typically need to use your personal property (mortgage, car, etc.) as collateral. Plus, getting a decent interest rate for a loan is difficult in these tough times…especially when you have existing credit card debt.

Gimmick #3: Enlist Third Party Help

Many advertised debt reduction solutions suggest that you enlist the help of a debt reduction service to achieve total credit card debt elimination. For example, a debt settlement service in which someone negotiates with your creditors on your behalf to secure lower interest rates or lower monthly payments. But what they don’t tell you is that they tack on a ton of fees to take care of this for you. Plus, 75% of these services are unsuccessful at eliminating personal debt!

Give Up The Gimmicks And Reach Your Goals

The only true path to total credit card debt elimination is to avoid the gimmicks and simply concentrate on proven debt reduction techniques. There is one debt reduction program available called the Money Merge Account™ system that uses these debt elimination tactics.

How The Money Merge Account Program Aids In Debt Elimination

The Money Merge Account system is backed by powerful debt reduction software that centralizes your income and expenses. The software then uses complex algorithms to analyze every factor of your debts so it can provide a strategic path to total credit card debt elimination in as little as 1/3-1/2 the time! To put it simply, the Money Merge Account program provides alerts and shows you how to:

1. Minimize interest paid – The Money Merge Account program tells you exactly when to make payments, and in what amounts, to maximize your principal payments. That means you are reducing personal debt and canceling future interest charges.

2. Maximize interest earned – The Money Merge Account program also teaches you how to leverage your current income in a savings account so you can use your money to make more money. The new earnings can go right toward total credit card debt elimination.

3. Take advantage of interest float – When you pay off your credit card balance before the interest charges are assessed, you basically have an APR of 0%. By using a credit card with an available balance, you can pay more on your debts without additional income or more overall debt.

4. Pay off debts in the right order – Did you know that if you have 5 credit cards there are over 120 combinations to pay them off?! Knowing the exact order to pay off all your cards can save you thousands and is critical to reaching total credit card debt elimination.

Total Credit Card Debt Elimination IS Possible!

You can now reach your financial goal without the high failure rate of advertised gimmicks. You can reduce personal debt in as little as 1/3-1/2 the time by maximizing interest earned and minimizing interest paid. All you need is a savings account, a checking account and the Money Merge Account system. Get started on the road to total credit card debt elimination today!

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