Some “Truths” You Need to Know

Truth is, credit card companies have set you up to fail

The truth is that credit card companies have set you up to fail. American Express, Bank of America, Capital One, CitiBank, Chase: These are the modern leg breakers of our time. Not too long ago, they put loan sharks in jail for charging less interest than what credit card companies charge today. Credit card companies borrow money at 2% but charge up to 38%. It’s obscene. It’s immoral.

But, unfortunately, it’s legal.

The lesson to be learned is it’s not all your fault. Try working with a credit card company in good faith and you’re in for a rude awakening. That’s why people turn to us – to set things right.

Truth is, debt settlement companies take your money and almost never do what they claim

The truth is that almost all debt settlement companies are scam companies who take your money up front and don’t do what they claim. The debt settlement industry is being investigated by Attorneys General of many states and by the Federal Trade Commission. Many of these companies have been sued for fraud in Illinois, Texas, Missouri, New York and other states.

Debt settlement companies flat out lie. One debt settlement company called “Credit Answers” falsely claims that you have a “right to settle your debt for a fraction of what you owe.” That’s fraud. But unfortunately these companies get away with this stuff until the Attorney General shuts them down. Then they start up again under a different name.

Truth is, some (not all) bankruptcy lawyers claim bankruptcy is always the answer

Some bankruptcy lawyers try to convince you to file bankruptcy. According to them, bankruptcy is the cure for debt.

But that’s not always true.

Bankruptcy’s always good for the bankruptcy lawyer, but not always necessarily good for you. Make no mistake; you should consider bankruptcy as one possible solution. You should also consider alternatives to bankruptcy.

The truth is everyone’s situation is unique. What is good for you may not be good for the bankruptcy lawyer or debt settlement company.

Truth is, you should consider all solutions with an open mind. Get the facts.

Many people who filed bankruptcy could have avoided bankruptcy. The “bankruptcy myth” is one of the biggest financial tall tales of our day. This myth will continue to hurt people. Although bankruptcy can be the best solution to get out of debt and improve your credit, it can also be the worst thing you can do.

Bankruptcy is often misrepresented by lawyers who tell you it is the only option. On the other hand, debt settlement companies tell you bankruptcy should always be avoided.

The truth is bankruptcy is right for some people and wrong for others. If you call us at 1-800-618-0453 for a free consultation, we will give you the truth. We will review your unique situation and explain in plain talk what is right for you.

We’ve helped thousands of people of all ages and professions to "zero out" most of their credit card debt – without bankruptcy. Bankruptcy is an option, but it’s not the only option.

Truth about the “two faces” of debt

Debt has two faces. The popular view these days is that debt is bad. Not always true! There is “bad” debt and there is “good” debt. You need to understand the “two faces” of debt…

Bad debt is about domination and control. Bad debt can be a powerful tool for enslavement. Bad debt eats away at your savings and peace of mind. If you have too much credit card debt, then you know all about bad debt.

Consider these facts:

• The U.S. Savings rate is at a minus point nine percent, the lowest it’s ever been in the industrial history of this country – below even dismal savings levels during the Great Depression when people emptied their bank accounts so they could buy bread and milk!

• Americans carry the highest debt levels ever in the history of this country. We are talking about record levels of personal debt and corporate debt. America is the world’s largest debtor nation — by a factor of five!

Good debt is the other side of debt you don’t hear about these days. It can help you build wealth and create security for you and your family. Good debt can help you flourish. Use debt wisely to buy homes, start businesses and send your children to college.

You control good debt. It does not control you. You use good debt. It does not use you.

Once the bad debt has vanished, our law firm will work with you show you how to build wealth by establishing good credit and using good debt.