Completely Free and Impartial Help with Credit Card DebtIt is important to get help with credit card debt before it starts to spiral out of control. This is especially true for those who are only able to make the minimum monthly payment each month. Money owed on a charge card is called revolving debt because there is no defined term. This simply means high interest charges, late payment fees and eventual financial difficulties for millions of Americans.
According to Credit Action's July 2008 report, the median over-limit fee was $29.13. Over 95% of card providers currently impose fees for missed and late payment. The average rate of interest on new purchases was 13.54%. Interest rates ranged from just 6% to as much as 22.75% on the 41 cards investigated. 
A U.S. Congressional Joint Economic Committee in may 2009 called "Vicious Cycle: How Unfair Credit Card Company Practices Are Squeezing Consumers and Undermining the Recovery" found that revolving debt amounted to a colossal $950 billion. Most alarmingly, this sum was made up almost entirely of high APR card debt. At the end of 2008, 13.9% of disposable income went towards servicing this. Whilst the U.S. government has failed to provide help with credit card debt, it has tightened the laws. Whilst the Credit Card Accountability, Responsibility and Disclosure Act was introduced as the most sweeping reforms in over 40 years. However, it is anticipated that the credit card companies will easily get around these laws. The demand for credit card debt solutions is expected to grow due to providers increasing interest rates before the changes become law.
Receive help with credit card debt and discover which approach is most appropriate for helping you towards a new debt-free lifestyle. 
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