Illinois Newspaper Focuses on Credit Card Debt; Can Payday Loans Help?
By Paul RizzoPayday Loan Writer
The Star Courier has a question:
Ever hear of indentured servitude? It’s a historical concept that means you’re basically working for free to pay off some obligation. Ever just make your minimum credit card debt payments every month and feel like you are just spinning your wheels? Sometimes the two seem eerily similar.
It makes it easy to understand why many people hope no fax payday loans can provide some assistance.
There are millions of Americans who need credit card debt help now more than ever. With over $2 trillion of revolving consumer debt, and over $60 billion of credit card debt getting “charged off” as uncollectible every year, it just seems like the magnitude of the credit card debt epidemic keeps growing, gobbling up more and more American families every day.
So what can you do and where should you turn to get credit card debt help? Looking in the mirror is a good place to start.
Don’t just run out and apply for a faxless payday advance. The first thing you should do is to have a gut-check. Figure out how much of your money is going to interest and fees and then decide if you’re comfortable with that amount. It may be time for a change.
The next step is to do some serious budgeting and cash flow analysis. Sit down and review your expenses, dividing them into buckets to help you understand where your money is going. If more money is going out the door than coming in - and you are carrying credit card debt - you may need to seek guidance. Applying for cash loans is merely one idea and it’s typically a last resort.
If you decide that you do need credit card debt help, you should seek professional counseling. This means that you must understand your needs and then find the solution that fits best for you.
Because no one program is best for everyone, shop around and do your homework. Once you determine which solution is best for you, find a reputable service provider or debt help company that can provide the credit card debt help that you need.
Consider a no faxing payday loan at this point, but make sure you’ll well-educated on its pros/cons.
It is rarely fun to go out seeking credit card debt help, but it may be the first step to gaining financial independence and to losing the shackles of credit card debt that can make you feel like an indentured servant to your creditors.
