It Is Called Debt Elimination

Category: Finance, Credit.

The first thought that comes to your mind when you think about a brand new year is resolutions for the new year. We endeavor to make every aspect of our life better and satiable be it good health or better relationships or buying new property etc.

A new year is like a ray of light that brings in hope and motivation. These resolutions can be as trivial as abstaining from alcohol to something as significant as managing finances efficiently, etc. Consider the resolution to manage finances efficiently. It depends on your perseverance so that the resolutions are not left unfulfilled. This will be possible only if you enter a new year debt- free. The abuse of credit cards is very common nowadays as every restaurant, retail store and even grocery stores accept card payment.

With credit cards replacing the need to carry cash in your wallets, the harsh reality of debts hits us knavishly. Be it the flat screen LCD TV in our living room or a vacation on an exotic island or an exquisite jewellery set, it all seems very easy, economical and fast with the use of credit cards. We do not think while spending. It is only when the credit card statements arrive at our door steps after a few months, do we realize that probably we have over used the plastic in our wallets. It does not seem detrimental initially because we just have to make a small payment every month, and we can afford all luxuries at the flick of a credit a card. With such debt clouds hovering above our heads, a resolution such as efficient management of finances cannot be actualized. But when the credit card statements become due over a next few months, we are hit by the cold reality of our expenditures from the previous year.

But as said that every cloud has a silver lining, consumers can now rejoice that these debt- clouds can be abandoned. It is called Debt Elimination. Beyond these debt- clouds is a debt- free heaven, a chance to put the past behind us and look ahead to the future. Considering the fact that insolvency is not a factor any more, consumers are discovering that debt elimination is the finest alternative. Although many people are yet uncertain about the existence of this debt relief heaven, it does exist. The scheme is valid for all the major credit cards and unguaranteed signature loans.

The process that is used to eliminate debt is based on the U. Supreme Courts decisions, Title 15 United State Code( USC) , the Fair Debt Collections Practices Act, the Fair Credit Billing Act, the Uniform Commercial Code( UCC) , and numerous Banking and Lending laws. Without bankruptcy and without spending those annoying refinancing fees, debt elimination is certainly the best option to credit counseling, etc, debt consolidation.

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