Wonder Why Folks Struggle to Pay Down Credit Debt?

by | Jun 12, 2013 | Credit Card Debt, Debt Collectors, Debt Relief, Debt Settlement

Many consumers struggle to pay down their credit card debt.  They diligently make the minimum payments each month while their debt seems only to grow.  A recent article explores 5 tricks the banks may be using to change the rules of the game and raise consumer credit card debt.

http://www.investopedia.com/articles/my-bank-tracker/personal-finance/060313/5-secrets-credit-card-companies-dont-want-you-know.asp

Changes in credit card agreements are often hidden in the fine print of credit card statements or lost in the massive amount of junk mail we all receive daily.  Many consumers are reaching the end of their ability to pay their credit card bills.  Debt settlement performed by a qualified debt settlement attorney can break the cycle.  Debt settlement can obtain a reduction in the principal balance owed to a creditor, making repayment of a credit card finally achievable.  Contact a qualified debt settlement attorney and learn more about debt settlement to break the cycle of rising credit card bills.

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Kevin Fallon McCarthy

Kevin Fallon McCarthy is the McCarthy Law PLC’s managing attorney and an experienced Phoenix debt attorney. Mr. McCarthy has also worked as general counsel for a large corporation. He has corporate counsel experience in human resource matters, general corporate governance, and union class action litigation.