It’s credit that got consumers to this point in the first place! Oh wait you want a loan? You have a good score, so here’s more debt. Go ahead pay 300-400% or more for the cost of the item. But hey you can afford it right, because the monthly payments are “affordable”, until something unexpected happens.
Debt Settlement is the most aggressive way to get out of debt. You basically stop paying creditors and start saving your money for a negotiated pump payoff. Does your score go down? Of course because you basically told the credit card company I’m not going to be a slave to your debt anymore. I want out.
The fact is credit cards are over used. You should use credit for loans for larger purchases. Cars, homes and etc, not consumer spending. People need to learn to save for what they want and buy the item in full.
Credit card companies have everyone fooled and are enslaving people into buy now and pay much more later. It’s really said that consumers have become this naive .
