Emails about debt elimination have become the most common form of credit card debt elimination scam. People feel more inclined to believe what they are told particularly when they can no longer handle their debt. Finding a quick and unhoped way to stop the financial agony sounds like a gift from heaven. Well, that is not possible! Be wary of too high promises, because nothing can wipe away debt!
Some people don’t suspect a credit card debt elimination scam because of the legal appearance that the ‘program’ seems to have. A title or a law could make the scam look credible, thus you will often come across: Title 15 United States Code section 1692, The Fair Credit Billing Act, The Fair Debt Collections Practices Act and much more. Companies will even send printed materials in support of their claims, but you have to pay $2,000 or $3,000 as fees for the elimination process.
Stop believing such a credit card debt elimination scam! Be rational and think for a second! Lenders extend the credit limits for their clients on a regular basis, and billions of people use credit cards. If there was something illegal about this, don’t you think that the issue would have got to the attention of the law makers or law enforcers? ‘There is no free lunch’! Remember this saying whenever you think that complete elimination of your debt is possible without your actually paying it!
I recommend the following self-analysis in order to reduce the risk of becoming the victim of a credit card debt elimination scam. What did you do with the money? Did you spend it on consume products? Have you made some home investments? The only way to cover debt is to pay it, and it is your fault if you have overextended the credit. There’s no way to get all the products for free.
The best advice that you can get here is not to trust any promise for debt elimination. If you receive emails about debt elimination, treat them as spam. Carry on with your payments, and, in case you really need some solutions to reduce your debt, talk to accredited financial institutions and get solid professional advice for one course of action or another. Be cautious, reasonable and moderate, and you’ll keep trouble away!
