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Consumer Debt Bulletin & News

American Consumer Debt Worsens as Consumers Heavily Rely on Credit Cards

Debt Consolidation Facts

1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will term you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have atleast 2 credit cards and 14% of them have 10 or more credit cards.

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Superior Debt Relief - Reviews of Colorado Debt Consolidation Companies

Physical Address: 2625 Redwing Rd STE 140
Fort Collins, Colorado (CO) 80526
Year of Establishment:  
Description:

- Superior Debt Relief offers a comprehensive 3 cycle debt settlement & credit restoration program that is unique in the industry. The firm helps its clients restore their credit ratings and credit score.

- Superior Debt Relief offers a credit card debt settlement program that can help reduce your debt by upto 50%!

- The company offers helpful debt negotiation tactics, providing both debt relief and debt consolidation alternatives, while avoiding bankruptcy, and helping you to minimize creditor phone calls and harassment.

- Superior Debt Relief has a goal of relieving its clients off their debts within 12-36 months. The company helps it clients change their spending behaviours so that even if they take out a mortgage refinance loan (putting their homes on the line as collateral), they will not risk losing their homes and will indeed pay off their debts.

- Here's a surprising fact we find from their website: "77% of all people who refinance their way out of credit card debt are right back at the same level of credit card debt 2.5 years later with less equity in their home. Although the initial debt was paid, a new, and even more serious, problem has developed. "

ervices Provided:

- Good credit & money management

- Comprehensive debt management program (DMP) helping people pay off their debts with the lowest monthly payments and lowest interest rates.

- Budgeting & saving money tips

- Provide alternative solutions to bankruptcy, such as debt consolidation, debt reduction, credit counseling, careful budgeting & expenses reduction, etc.

Website: www.superiordebtrelief.com

 

 

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