Debt Settlements,Personal Debt Management,Credit Restoration, Free Credit Counseling, Credit Card Consolidation 

Debt Settlements-The Solution To The Shrinking Dollar

Unemployment and falling home values are symptomatic of a much more significant problem. I am sure most Americans have already noticed, "the incredible shrinking dollar." Is it that things are more expensive, or that your money is losing value, rapidly, and so it takes more dollars to purchase what you have already been purchasing. Either way, the net effect is the same. Exactly how does this impact you the consumer? Very simply, lets say you have a balance on a credit card of 5000.00 dollars at 29% interest. Your monthly payment is again, lets say 120.00 dollars. If you were able to make this payment regularly 1 year ago, I say that millions of Americans now find that same payment, more difficult to make. Why? Because other prices are rising very steeply, and rapidly, and you now have to part with more dollars to purchase the same amount of goods.

This scenario, has become an inarguable fact.Now, your must pay, bills, those you need to pay for sustenance, like food, and shelter, are taking more of your money, leaving you less for the unsecured credit card payment. At the same time their has been no change in the monthly payment of the credit card. And, if you have many of them then chances are, you are struggling to make them on time.

For many of you, even if you enroll in a personal debt management,, debt consolidation program, for relief, even if you get your interest rates lowered, without a correscponding drop in the payments you still have a big problem.

One possible solution is a Debt Settlements Debt Restructure program. This program seeks to settle for debt for about 55% of what you owe, and definitely lowers your payments correscpondingly. Are their drawbacks, yes, just like their are drawbacks to defaulting on your minimum payments, because you can no longer make them. Should settlement program be undertaken lightly? No. However, should defaulting on your minimum payments be atken lightly?

Here is the point, your money is not losing it's buying power because of something you did, or did not do. It is a result of forces far beyond your control. However, how you deal with the issue, is very much within your control. No one can do it for you. You must take the first step. It is one of the few things you can do to compensate for the incredible shrinking dollar.

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Written By:
Steven Ciantro
American Debt Enders
Certified Credit Counselor
help@americandebtenders.com
877-766-2465

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