Monday, July 9, 2007
Credit Card Debt
Did you know that every three minutes a person falls behind in credit card debt? Is it any wonder that nearly every major credit card company has nearly doubled the minimum payment on consumer's bills? Because of the growing concern, Federal Regulators forced the change. Consumer debt now stands at $2.17 trillion. Alot of consumers can only may the minimum payment which can take up to 30 years to pay off. Almost unbelievable, isn't it? Now relief is in sight. CreditGUARD of America, a non-profit licensed debt management service provider, is making a new program available to lower debt payments and become free of all credit card debt in three to five years. Sounds good.