American Debt Management Service

See for Yourself

Check out these facts about American credit card debt:

• The total balance of U.S. credit cards is $665 billion
• The average American household has $9,312 in credit card debt, which, at 14% interest and paying the monthly minimum (if your credit card company has raised it to 4% yet) it will take them 13 years to pay it off and in the end they will have paid $13,090.81.
• The average college student owes $2,800 in credit card debt, which doesn't include student loans. If he pays $50 a month and the interest rate is 18%, it will take him more than ten years to pay it, and in the end he will have paid $6,154. Now that's some expensive pizza and beer!
• A $10,000 debt at 18.5% interest would take 32 years and $24,500 to pay off if you don't pay more than the required monthly minimum (assuming your minimum is still 2%).

It's these reasons that people seek help from an American debt management service. When they do, they get:

• A debt management program specifically designed for their financial situation that will get them out of debt in five years or less
• The end of creditor harassment since your creditors are legally required to stop harassing you about your accounts when you enroll in a debt management program.
• Credit counseling. A good debt management service will either provide it themselves or suggest you get it so you can learn the skills you need to stay out of debt.

Check out an American debt management service today.