Credit Cards

Credit Cards

Are credit cards your ticket to freedom or your ticket to doom? Depends on how you use them.

The Wrong Way to Use Credit Cards

If you're at 1-800-DEBTS-OFF, you might have been looking for 1-800-BETS-OFF and found us by mistake. But if you needed that number or website, chances are you have gambling debts. If those debts are owed to loan sharks named Vinnie, we can't help you. But if you got several cash advances from your credit cards so you could keep playing, we might be able to help--if you've given up gambling, that is.

If you've amassed a lot of credit card debt from gambling, cash advances, or just plain overspending, help is available. A lot of people don't know that. In fact, most people don't know what to do when they need to eliminate credit cards. And they're scared because they don't want to file for bankruptcy. But now, if you need to pay off credit cards or other debts, there are options that didn't exist twenty-five years ago. These options are debt management programs, and Congress has so much faith in them that they now require anyone who's filing for bankruptcy to go through a debt management program prior to filing for bankruptcy.

Debt management programs deal with unsecured debt, which can be medical bills, non-government student loans, personal loans and credit card bills. The bulk of consumer unsecured debt comes from credit cards, and at least four of the five types of debt management programs are very effective at dealing with it. In fact, these debt management programs can help you get your credit cards paid off in five years by consolidating credit cards! Some even improve your credit in the process. If your credit cards have you feeling a tad overwhelmed, look into a debt management program today.

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