Completely Free and Impartial Help with Credit Card DebtIt's 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 payment each month. Money owed on a charge card is called revolving debt because there's no defined term. This means high interest charges, late payment fees and money worries for millions of people. According to a report from Credit Action, the median over-limit fee was $29.13. And over 95% of card providers currently impose fees for missed and late payment. In February 2011, the average rate of interest on new purchases was 14.73%. 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 revolving credit. Whilst the U.S. government has failed to provide help with credit card debt, it has tightened the laws. The Credit Card Accountability, Responsibility and Disclosure Act was introduced as the most sweeping set of 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. Help with credit card debt is essential because it's a form of financial entrapment for millions of U.S. families. The good news is that it is unsecured and can be eliminated with credit card debt settlement. Find out how debt relief can be achieved through improved budgeting, a debt consolidation loan, filing for bankruptcy, a debt management plan or a debt settlement program. Discover how receiving help affects your FICO credit score. Receive help with credit card debt and discover which approach is most appropriate for helping you towards your new debt-free lifestyle.
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