There are a great many people being forced into bankruptcy every year because they cannot keep up with the repayments on their credit cards.
This no longer has to be the case.
Did you know it would take nearly 20 years to pay off a $10,000 credit card balance? And, once you had finally managed to repay it all, it would have amounted to around $30,000 because of the interest.
It is no surprise that debts of this magnitude result in bankruptcies on a regular basis.
However, there are various laws and techniques that you can use to legally reduce your credit card debt by 50%.
Interest rates make it very difficult to repay credit card balances, and a lot of people just can't afford to keep up with these repayments.
But now you can get your balances reduced by 50%, because new companies on the internet are publishing free information that shows you how to do so.
Fact: Consumers are now able to erase 50 to 60% other past due balances that they owe to credit institutions.
Fact: Credit cards do not help but they only hurt American consumers.
The facts are in, 95% of all bankruptcies are a direct result of credit-card charges that can no longer be paid.
Clever advertising techniques and sliding interest rates are one the main culprits that have bankrupted thousands of Americans who own charge cards.
However, because of this private companies with legal help have begun to release free information to the public that can help any consumer erase half of their debt.
Any American consumer who has a past due balance at a financial institution needs to check for free to find out exactly how much they can get erased.