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Debt Relief Solution
Call Today: (877) 274-1260
If you successfully complete our program, it’s possible that you’ll enjoy these benefits:
Settle your debts for less than you owe
  (read here for full details about how much you can expect to save)
Resolve your unsecured debts in 18 to 60 months
  (read here for full details on how long our program lasts)
No Up Front Fees - Don't Pay Till You See Results!
 
 
 
Who's to Blame for Americans Needing Debt Relief?
With recent studies showing that the average household carrying a balance on revolving accounts owes more than $12,000 and more than 2 million Americans are expected to file bankruptcy this year, it has become increasingly clear that a number of Americans are in need of credit card debt relief. What isn’t as clear is who is actually to blame for this predicament---is it overspending consumers, greedy banks, our government’s laissez-faire attitude to the credit card industry, our economy at large, or all of the above?

The case for overspending consumers:

With a society that some accuse of materialism, decadence, and needing immediate gratification, it makes sense that our credit card debt figures and bankruptcy filings are so staggering. Simply put, America’s debt problem wouldn’t be so prolific if it weren’t for consumers spending more than they earn. Underlying this dilemma is our ever-changing social attitudes toward saving and consumer debt. Until Americans become more disciplined and our culture moves away from consumerism, our society will continue to be plagued by the financial consequences of overspending.

The case for the credit card companies:

Through aggressive marketing campaigns and contracts that most lawyers have difficulty understanding, the credit card companies have preyed upon the American public for their own financial gain. Through 0% offers and enticing gifts for simply filling out an application, the credit card companies get many consumers on the hook, and with even the smallest misstep, from a payment that’s a day late to using too much credit on your other accounts, the creditors can adjust the interest rate, making it seemingly impossible to pay down the debt. If you miss a payment one month, then the late fees and belligerent collection calls start. Making matters worse, after lobbying aggressively for bankruptcy reform, the credit card companies have made it more difficult for individuals to get debt relief.

The case for our government:

With banking deregulation and the dramatic erosion of federal and state regulations affecting consumer usury laws, marketing policies, and consumer education, it’s no wonder the credit card industry is booming at the expense of America’s financial health. A free market is one thing---writing laws that almost exclusively favor the position of credit card companies like the Bankruptcy Reform Act is another. In the meantime, Washington policymakers continue to ignore the implications of consumer debt on American families.

The case for our economy at large:

Life is expensive now days and with wages not keeping up with the rising cost of living, consumers have become increasingly reliant on credit cards to get by. Real wages, adjusted for inflation, have remained flat since 2001, while the cost of housing, medical care, education, and transportation has risen sharply. With the majority of their income going to mortgage payments or tuition for their kids, it’s not surprising that consumers are using their credit cards for groceries, gas, and the like. The notion that consumers who are plagued by credit card debt are purchasing plasma televisions is outdated---they’re using credit cards to buy necessities.

Conclusion:

Like most things, the blame for rising consumer debt falls on all of the aforementioned factors. The only ways to combat the ills of consumer debt is through education and government policies. Whether these steps will stem the tide of rising credit card debt is unknown in light of our economic problems at large, but at this point taking action before it’s too late is essential.

Are you a consumer in need of debt relief? Please feel free to call (877) 274-1260 or fill out a form and we’ll contact you as soon as possible. 
 
 
 
 
 

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