Credit Card Debt Help: National Newspaper Insists Banks Will Settle For Less

Today, The Washington Post  published an article about Credit Card Debt Settlement that every Credit Card Holder should read.

Specifically, the article shares the little known fact that the Banks have been unwilling to tell Credit Card Holders. That is, that Credit Card Firms and Banks are now more willing than ever to strike a Credit Card Debt Settlement with the Consumer.

Below Is An Excerpt From Today's Washington Post Article.

"Most card issuers are unwilling to talk about the practice for fear that they will be swamped with requests from people who do have the funds to pay their bills. But industry executives confirmed that the practice is becoming more common as card issuers face a record percentage of charge-offs, giving up on collecting debts that consumers never repay. 


The charge-off rate on U.S. cards for July was 10.52 percent of balances, according to Moody's, which expects it to reach at least 12 percent in the middle of next year"

This is not news to me.  I've known for a long time that Credit Card Companies and Banks are willing to work directly with the Consumer to lower their Credit Card Rates and repayments.  That's why I produced the Credit Card Medic Debt Reduction Video course.

Don't Make The Mistake Of Calling Your Banks Before You Contact Debt Warriors.

Although Credit Card Firms and Banks are willing to negotiate with American Card Holder's, the Banks and Credit Card firms are not willing to tell Consumer's the Secret Key-words to settle for less. That's where the Credit Card Medic Debt Reduction Video Course comes in.

In the Video Course, I walk Consumers step-by-step through the process of negotiating Credit Card Interest Rates Lower.  I even tell Consumers exactly what to do when the Credit Card Company responds with rejection.

It feels so good knowing that for years the Credit Card Medic Video Courses have been helping American Consumer's talk their way out of Credit Card Debt without going into more Debt.  I'm certain that the Credit Card Medic Video Program, works for Consumers.  Click here to learn more about Credit Card Medic.

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DEBT WARRIORS™ are not Attorneys. WE ARE experienced Credit Repair and Debt Management, Negotiation and Debt Settlement Coaches. WE teach American Debtors how to manage and settle their debt (for themselves). The information on this blog, should not be considered legal advice. Debt Warriors offer helpful Credit and Debt "Self-Help" video course, Personal Finance, and information products.

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