Things You Must Know About The Evil Banking Cartel To Escape Your Debt Trap

The wedding party and honeymoon vacation are over, now is it time for a divorce? Do you remember how you felt so proud with that great tingly feeling inside because Discover Card or Bank of America approved your application for a credit card? You probably felt like a valued customer and you were ecstatic about your new account. Then after a few spend thrift trips or balance transfers you found yourself out of credit so you then applied for more credit cards. How many new accounts did you continue to acquire before you could only afford the minimum payments? Are you making payment of the minimums for the credit cards only to protect your imaginary 3-digit credit score?

I bet you would be surprised to hear that if I told you this was all the plan of the creditors system. Their plan was to fish for your application with advertising and to catch you hook line and sinker so they could reel you into a systemized net of debt designed to keep you in bondage to use your overwhelming ego, pride and your personal credit score. Their system is designed to take all the cash and income you have including living expenses. Surprise! Now that the plan has been revealed to you, you can see it as the trend in the banking industry for the past several years. This system is not new it has been used to take your hard earned money and that of millions of other people many decades of time. The bad news is that this system has left trapped with no return to benefit from. The good news is that you can quickly change your financial habits and escape the traps the system has placed you in.

Now that you can see these kinds of system traps you will begin to look back and see what's happened this far, you may want to predict the future. Looking back you will see more of the same. You may be thinking that you can borrow or even buy your way out of the debt trap, only to tangled deeper and learn later that you just wasted larger amounts of money snarling deeper in the debt trap. Stop making matters worse!

To strike back and beat these thief's at their own game plan you must utilize the same system they created against you. Which is using the collection system to put a stop to your creditors collection efforts and form for your use the same business structures they have used to eliminate all the danger of them taking another thing from you. To beat the evil thugs game, you must structure your own friendly creditor to use as a safeguard against them at the same time as completely altering your financial behavior of using money. Under a bit of direction, this can be finished in around 30 days.

The first lesson to learn is that your personal credit score has become very costly to you, and that you must change the financial habit that created that condition. Stop buying things with personal credit and borrowing money. Avoid having your personal credit score manipulate you. You should know that whether you file bankruptcy, use a debt negotiation company or debt settlement your credit score is coming down fast for around 7 years unless you pay according to the terms of the creditor.

Another important lesson is to realize that the way you manage your money is the route of the imminent danger to creditors and eventually your risk with debt collectors. Too avoid these dangers you must replace your habits with those that the wealthy use to avoid these same risks. This is not hard in fact it is simple and costs nearly nothing in your time and money.

You must begin to see your debt in terms of what you have that can be easily taken such as: wages, savings, cash, personal property of any kind, income and other assets. Forget about your total debt because, $20.00 is the same as $500,000 when you cannot afford to pay the debt. Once you recognize this simple principle you will be in a place to begin to put into practice some tiny changes to your money management habits and your liability will possibly be zero in as little as 30 days. This is nearly 10 times quicker then it would take a creditor to sue you and obtain a judgment lien against you. And after doing these things you probably wont care not even a little bit.

Comments? Questions? Email Here

© HowtoAdvice.com

How to Advice .com