subject: Do You Have Too Much Debt? [print this page] Are you an American citizen? Do you happen to be facing excessive credit card debt? If yes then you must be compelled to ask certain questions. For example; what are your rights in this regard? What can you do about it?
Let's start off with your rights as a debtor. You should be well aware of the fact that even if you have a ton of debt on you no one can hound you or pressure you to give it back. That is because its against your right to the pursuit of happiness. However, all debts need to be paid as you can afford them.
If you have built up with this little card over $10,000 in credit card debt, then you know about the stress and problems it can cause for you daily. It's annoying, and in some cases, can reduce the quality of your life drastically. That's why the government is operating a new program to help "bailout" people in America just like the large companies. You can get your debt drastically reduced or eliminated all together! This is because credit companies are now settling with their consumers and allowing them to erase 50% of their debts as long as you have the cash.
The bailout program originally was for auto industry but many people don't know that it works for individual cases also. If you have a debt in that is excessive, then you can see if you qualify to get your debt reduced or removed entirely. The catch to this is that you have got to have what they call an unsecured debt. If that's true for you then you qualify to benefit from this program. So, now you have been informed about the main debt programs that are spoken about.
So, as you can see, this is a little about how America came to be where it is - in debt. My hope for this article is that you will do a little research about it and find out even more about how you can reduce your credit card debt!
by: Adam Wesley
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