Mad About Debt

Credit card debt is an epidemic, a virus, and can drive people to madness, depression, anxiety or insanity. What does it all mean? Debt consolidation, debt reduction, debt elimination, debt management, debt settlement.... So many options to get rid of credit card debt.

Wednesday, April 05, 2006

Lower My Bills


Many of my regular readers know that I surfaced from the deep waters of financial distress in 2004. My first failed business attempt left me with a considerable personal debt. Instead of taking greedy VC money, we obstinately defied the millionaire mindset and struck off on our own assuming all of the risk that was associated with it.

The result was contacting a service called LowerMyBills.com out of an act of desperation. Just the name “lower my bills” appealed to me in everyway. When you get financially desperate, your mind shifts.

This was not a bad shift, however. After consulting the website, LowerMyBills.com, I was presented with many options for dealing with the crushing debt that hung over my family.

If you have credit card debt and you are considering debt elimination, debt consolidation, or just screaming “get me out of debt”, then I would recommend trying this service first. For some of you, it will not be the answer. If it is not, tune in tomorrow when I dig deeper into what I think is your next step.

The key to debt reduction is taking the highest road possible. Again, last resort is to declare bankruptcy. There are many, many other strategies to get yourself above water before you resort to the “B’ strategy. George Bush has made bankruptcy harder on Americans, and rightfully so.

If you want really pursue all options with lenders, I strongly suggest you consider debt consolidation or reduction through a service such as LowerMyBills.com.

I feel your pain,

Mad About Debt

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