Welcome to Rid-of-Debt.com!

While it is difficult to get rid of pests, termites, ants and even cockroaches, there is at least a chemical you can apply to do the work for you. Getting rid of credit debt is another story. It is difficult to find the right path to freedom from bills. Know this, credit card debt is unsecured. You did not pledge your car, or your house. If you own property and someone sues you in court, you can have liens applied, but normal means of collecting debt on credit cards is through the use of collection agencies. If your credit is written off, then the collection agency gets what it can get.

The problem with credit agencies is that they can be rude and abusive. You can lay low, and hide from them, but if you own property you may face liens. If you have property you are best advised to speak to a financial advisor or attorney to see where you stand, especially if you have a lot of cc debt. I am not a financial advisor, but I have had experience with credit problems and I have seen how various companies act.

Obviously if you have had a bankruptcy and see a credit card company offering you new credit right after your bankruptcy clears, you can see just how profitable credit cards are. It is a business decision for credit card companies, and they don't look upon you as a bad person if you can't pay your bills. On the other hand, it is you who must question their ethics when they keep trying to take and take as long as you are not smart enough to stop paying the payments that you no longer can afford to pay.

So the warning of this website is simple. If you are jeopardizing your financial independence and cannot pay your rent, or buy food, or pay the utility bills, then you need to put those first! Always. And don't borrow from your assets that are protected or are not in danger of being taken away, like a 401k, in order to pay credit card bills. That is an unwise business decision, and with the credit card companies, it is all about business decisions.   

Credit card companies get sweet deals from the Federal Reserve, a PRIVATE bank that lends to banks and the government, and then lends to you at usurious rates. You will see from my website links on this website just what the history of bank loan sharking is and how it impacts you personally. Banks are not interested in giving you a break. Unless you stop paying your minimums they will not even settle with you.

Settling can be tricky. You never know if a settlement company is on the up and up. You never know if the credit card company is satisfied with the settlement terms you strike with the collection agency. If you can file bankruptcy or lay low those are options. In the insect world, cockroaches hide from you. In the financial world you may have to lay low and hide from the cockroaches!