Jim Vrana's mission is to educate and empower people to overcome their financial challenges. The time-tested legal procedures used to eliminate credit card debt have been used by thousands of people with tremendous success. Contact: Jim Vrana True Debt Advisor (800) 637-1785 http://www.TrueDebtAdvisor.com
Everyday now, we learn about a government controlled bailout of another major corporation. This leaves many smaller businesses, as well as individual people, asking where is their bailout from the unscrupulous lending practices of the banks and credit card companies. In recent years, consumers have been encouraged to use their credit cards for everyday purchases, including groceries, fast food meals, and even the morning cup of coffee on the way to work. All of these purchases, plus the interest and fees added on, have only built up a vast pile of debt for the average cardholder. This is not much different than the debt built up by corporations, who now have their hand out, asking for help. And the government seems very willing to provide that help, at the long-term expense of the American taxpayer. There is however, a bailout of sorts for personal credit card debt. This is not a government program, no taxpayer dollars are used, and you will not hear about it on the nightly news. In fact, there is actually no money involved in this bailout. Through debt elimination, a person can legally and completely discharge 100% of their debts from credit cards and personal loans. All without a new loan, subsidy, or government takeover. For someone with too much debt, a personal bailout could be the difference between bankruptcy, and financial stability. Yet no agency or congressional handout is available for the average consumer. Individuals need to take their own initiative to help themselves, without seeking a stimulus package that will probably never come. Secured debts such as mortgages and auto loans, do not qualify for an elimination program. Without the burden of the monthly credit card payments, money would be freed up to pay for housing, transportation, and other obligations. Keeping people in their homes and driving their cars is imperative to improving the economy. There are many options when it comes to debt relief. Not every program is a good fit for all people. Most people believe that negotiating or settling debt is the fastest way to pay them off. A debt elimination program is not a settlement program, nor is it a form of bankruptcy. In addition, your credit report will not be damaged for the next 7 to 10 years. For anybody looking at this option, it is important that some time be dedicated to understand how and why the debt can be relieved. It is not difficult to grasp this concept, nor is this information an obscure secret. It is just information that is not given to us from our normal sources of news. The right information can set a person free from the bondage that the banks have put us into. Take personal control of your life and debt, and you will initiate your own personal bailout. A presidential order is not needed to accomplish it, and the taxpayer is not burdened with extra future debt.
- Related Videos
- Related Articles
- Ask / Related Q&A
- 10 Debt Elimination Program Secrets Your Ought To Know
- Debt Elimination or Debt Management. Which is the Right Choice for You
- How to Choose Between Debt Management and Debt Elimination
- The Choice, Debt Settlement or Debt Elimination
- Choosing Between Debt Settlement and Debt Elimination
- Debt Elimination May Be Your Best Debt Cure
- A Good Debt Elimination Program Starts With a Budget
- Mortgage Debt Elimination - How to Save Yourself from Compounding Interest Rate




Is Everyone Qualified For Debt Settlement?
By: Jeslyn Jessy | 13/11/2009Debt settlement is a practice that allows people who are in debt to pay off their debts at reduced amount. However, not everyone is qualified for this practice. Why is this so? Below are some scenarios where debt settlement plans are not accepted by the creditors:
Paying Off Credit Card Debts Quickly With the Right Strategy
By: Jeslyn Jessy | 13/11/2009Credit card debt is a financial burden to many Americans. However, in order to get rid of the debts quickly is quite challenging as you need the right strategy. Besides that, in order to be debt free, you need strong determination and self discipline too to control your spending habits.
3 Simple Steps to Pick the Right Debt Settlement Company
By: Jeslyn Jessy | 13/11/2009During economy downturn, many people are talking about debt settlement. In fact, before you make your decision, you should ask yourself whether you are really clear about your goal. When you have a clear direction, then only you start looking for the right service provider which really works for you. You are reminded to be extraordinary careful as there are many unethical companies around us nowadays. Here are some simple steps you may refer so that you won't be trapped by scammers.
Is Debt Consolidation Loan Good?
By: Jeslyn Jessy | 13/11/2009Debt consolidation loans are designed with the concept of consolidating all of your debts under one loan so that you are able to manage your debts in a more appropriate way. However, this idea can only work well if you really follow your budget strictly and stop creating additional debts.
Bankruptcy records Beat Bankruptcy in 15 min
By: Burt Mitchell | 13/11/2009Bankruptcy is a way for folk or businesses who owe more money than they can pay at the moment to either work out a scheme to repay the money over time under Chapter eleven, 12 or thirteen, or for almost all of the bills to be wiped out, as in a chapter seven case. While the debtor is either working out the plan or the trustee is gathering the available assets to sell, the Bankruptcy Code provides that creditors must stop all collection efforts against the debtor. When the bankruptcy ...
Year-End Tax Planning
By: Christopher Music | 13/11/2009Strategies to Keep More of What You Make
Government Scholarships To Help Mothers Pay For College Education
By: Marlon Jackson | 13/11/2009The government has given out study grants that is available for college students to help them out in paying for school fees. Coupled with the program is a part-time employment opportunity to further assure the students that they can finish school even if they are not financially prepared for it. Anyone can apply for the scholarships and have the chance to go back to school and get that degree. . .
Debt Relief Financially Attractive Through Stimulus Money
By: Marlon Jackson | 13/11/2009Stimulus money granted by the government to big company owners and corporations, though indirectly, can help with debt relief solutions. Because of this government funding, the credit card companies now have more leniency in accommodating payments from their debtors. Because of this, debt settlement is now becoming one of the best options to start dealing with those mounting credit card loans.. . .
A Bailout to Eliminate Credit Card Debt
By: Jim Vrana | 05/03/2009 | FinanceA bailout for personal credit card debt is available for American consumers. Corporate bailouts make the news as the government steps in to help. But a lesser known bailout will help average citizens get a new lease on their financial lives. It seems like everyday now that we learn about a...
Eliminate Credit Card Debt as Your Personal Stimulus Package
By: Jim Vrana | 27/02/2009 | FinanceEveryday, we hear the news of the debated economic stimulus package. We sit back and wonder how this will directly help us. Each of us has a unique perspective on the stimulus, and we all have different needs for where, when, and how the stimulus may or may not personally...
To Help the Economy, Leave Your Credit Cards Home
By: Jim Vrana | 22/02/2009 | FinanceThe United States economy is dependant on consumers spending money. These days, the economy needs all the help it can get. A local economy benefits when shoppers buy goods and services in retail stores, rather than online. Better still, patronizing a locally owned business, rather than a national chain store...
A Stimulus Package for Credit Card Debt
By: Jim Vrana | 14/02/2009 | FinanceA personal economic stimulus package is not in the plans of our government. But you can stimulate your own economy by eliminating your credit card debt.
To Improve Your Local Economy, Stop Using Credit Cards
By: Jim Vrana | 08/02/2009 | FinanceConsumers can have a greater impact on their local economy by leaving their credit cards at home, and making their purchases with cash, checks or debit cards.
Use Caution When Selecting a Debt Settlement Company
By: Jim Vrana | 22/01/2009 | Debt ConsolidationSettling debts for less than you owe can be an attractive and quick solution to become debt free. There are issues to be aware of when using a Debt Settlement company. Negotiating a settlement on your own can save a lot of frustration and money.
Eliminate Debt Caused By The Holiday Shopping Season
By: Jim Vrana | 20/01/2009 | FinanceThe slowing economy hit retailers hard this past shopping season. Many stores depend on the holiday gift giving season for up to 40% of their annual sales. When retail stores don't realize enough sales during December, many face the real prospect of closing their doors in the January. This is happening...