The Credit Card Debt Trap
NBC Dateline – The Credit Card Debt Trap!
This is an eye-opening video series uncovering the credit card debt industry!
Take the time to watch these videos. It’s time that everyone is educated about not only credit card debt but the industry as a whole!
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Part 1 of 10
Americans are 2.5 Trillion Dollars in Debt!
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Part 2 of 10
Credit Card Companies are Thriving -
Did You know that 30 years ago, the Government removed the cap on what Credit Card companies can charge in interest?
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Part 3 of 10
Collection Agencies – Some use Abusive & Harassing Tactics
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Part 4 of 10
Some Debt Collectors Earn Commissions based on how much they collect
and Some Break the Law to do it!
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Part 5 of 10
Debt Collection or Organized Crime?
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Part 6 of 10
Amazing How Some People Take Advantage of
People Struggling in Credit Card Debt!
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Part 7 of 10
Are People Being Lied to About Credit Card Debt?
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Part 8 of 10
Did You Know that Credit Card Companies “Sell” their customers “debt”
accounts to Collection Agencies?
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Part 9 of 10
It Used to Be that Folks Could Live Within Their Means!
There is a way to have a Plan B
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Part 10 of 10
If You Have Credit Card Debt, Watch Our for this Potential Trap!
I hope you found this series about the Credit Card Debt Trap informative.
I also hope it inspires you to get out of debt and begin a journey of creating your own economy with prosperity and abundance. What I know for sure: Anyone Can!
With growth in the economy limping, unemployment at 9.2 percent in June, and the housing sector in crisis, a growing number of Americans may have been forced to turn to credit to make ends meet.
You can get out of the credit card debt trap and begin to create a life of financial peace which brings peace of mind. Anyone who is willing to stand up and take a stand, willing to do something different, willing to work hard for something worth while, can absolutely achieve anything.
I would love to hear your thoughts. Please make a comment below and feel free to share on FaceBook and Twitter using the buttons above ..:)
To Your Success,
Helping Families Achieve
Their Goals Since 1999!
{ 4 comments… read them below or add one }
WOW…thank you Donna….I am sharing it with both of my kids as well. My daughter 24 and my son 22. I think ALL young adults should watch this. It’s a lot easier to STAY out of debt than it is to GET out of debt.
Thank you again
Micki Lessard recently posted..FEAR
Very informative! Thank you!
Thanks for this information! I think it’s vital that this be shared far and wide. I quit using credit altogether in 2008 and haven’t regretted that decision once. Residual income is the opposite of credit debt and residual income comes from a firm Plan B. Residual income also enables getting out of debt faster. Once out, stay out! Thanks again!
Yeah, you’re absolutely and I’m agree with you that we can get out of the credit card debt trap and begin to create a life of financial peace which brings peace of mind. Anyone who is willing to stand up and take a stand, willing to do something different, willing to work hard for something worth while, can absolutely achieve anything. Great source of help, keep up the good work.
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