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One significant reason that Americans look to Bankruptcy relief for help is due to credit card debt. Credit card companies overload consumers with high interest rates and numerous fees. These can lead to large credit card debt very quickly. Bankruptcy becomes the only true option to allow for a fresh financial start. Congress has taken notice of these tactics by credit card companies.

Channel: People & Blogs
Uploaded: November 30, 1999 at 12:00 am
Author: bankruptcyattorney

Length: 02:06
Rating: 4.44
Views: 1937

Tags: bankruptcy  Card  chapter13  Chapter7  consumer  Credit  Debt  lawyers  relief  

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Video Comments

flatsignedbooks (November 30, 1999 at 12:00 am)
I CUT MINE UP AND PAID OFF! All 9 of them!
howDAREyouSIR (November 30, 1999 at 12:00 am)
i just walked on 800k and never felt better. fico and credit cards scams suck. cash is king
stingraes (November 30, 1999 at 12:00 am)
Lets get real here! If you want to borrow money because you want want want what you don't have the money to buy now, thats fine. But you choose to charge up your credit cards. Consumers want to buy buy buy and that is not considered greedy? Get real! IF you want to borrow money, then as a consumer it is YOUR resonsibility to read and understand what the interest rate is. Grow up!
bankruptcyattorney (November 30, 1999 at 12:00 am)
No offense. credit counseling rarely works.
TheWarOnDebt (November 30, 1999 at 12:00 am)
I agree with you! But Don't close the accounts because it works against you.
TheWarOnDebt (November 30, 1999 at 12:00 am)
Dear Bankruptcy Attorney,We respectfully disagree with you as do many reputable studies which found that success rates for "self-help" debt negotiation reduced credit card debt 70% of the time.In addition, the FTC, suggest that Americans seek self-help when negotiating debt.We respect your position but we don't agree with waiting for Legislation. We have to take matters into our own hands. Best regards,DEBT WARRIORS!
Darshuiami (November 30, 1999 at 12:00 am)
he informs us that all we poor, pathetic, fool, mases can do is to suffer and die at the hands of this gangster organization namely the banks and credit card providers. this can never be the truth because if we just cut up our credit cards and don't use them or never get one, the money they steel from us will stop flowing. thsi is the only fact people.
AmbientMusic (November 30, 1999 at 12:00 am)
So that's what happened. I just tossed those 'Policy Change' notifications in the garbage. Now I see what they were about. Bending over for the banks. Wonderful!
julekjell (November 30, 1999 at 12:00 am)
So true! Please keep informing people! good luck :)

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