A Married Couple Are Struggling to Keep The Business Going

Dear debt Relief Doctor,

My husband and I own our own business but have been struggling lately. I work a 9-5 job while he stays at home to run the business. We owe a lot of debt in credit cards from working to get the business up and going – and we’re just a few hundred dollars a month from breaking even.

It’s so frustrating! So we rely on the credit cards to keep us a float for the time being, which I hate. We already owe almost $19,000 in credit card debt.

Is the government going to intervene with the way the credit card companies are gouging interest rates? The banks (Citi in particular) are getting bailouts with our tax money and then turning around and raising our interest rates. I can barely afford my minimum payments as it is.

If they keep doing this to me I’m going to have to declare bankruptcy. I had 3 cards already tell me they’re raising my APR to a MINIMUM of 19.99% or more by February. The government is quick to help the big companies, but what about the small businesses? What are we to do?

Rebecca”

Answer: Debt Relief Doctor

Dear Rebecca,

Sadly your situation is not all that unusual. A bit of the perfect storm I guess. You’ve just happened to start a business and financed part of it on credit report, potentially lowering your credit score as you move forward.

There is nothing on the table about any sort of government intervention. Government resists intervening to help consumers and in fact has done just the opposite. They government recently announced that they wish to make it easier for consumer lenders and credit card companies to get access to money to lend but there has been not a single peep about giving consumers any new rights or legislation to help them deal with problem credit card debt.

No bailouts of funds have been tied to the way the bank treats their customers or operates. I’m afraid there will be no lifeline coming for you from the federal government.

Your situation just reinforces what I have seen for years, banks do things that lead more people into failure than success. They have policies in place that force people into bankruptcy and then the banks get little back and blame the consumer for being casual or careless with credit.

The good news is that there are other solutions besides bankruptcy. I would recommend looking into an Attorney Based Debt Resolution Company like Decision One Solutions

They will treat your situation with professionalism and care. They will analyze your situation and offer you the best solution. See, they are not just a debt resolution company, they are a Full Service Financial Solutions Institute.
Give them a call

1-800-490-4860
Debt Relief Doctor

What does the Debt Relief Doctor say...

Hello Readers,
I am the Debt Relief Doctor and I urge you to ask me any questions you may have regarding any financial hardships. I have been helping relieve debt for quite some time. I have many patients that DO NOT fully understand what their that type of Debt ailment they have but as soon as I can diagnose the issue , we can give a prescription to alleviate the pain.

Yes, I am speaking in doctors terms about peoples debt. Most people have debt and the average household has about $15,000 of unsecured debt. Some people have $30,000 or even $100,000 in debt. They do not know exactly where to turn. Many people are scared of NOT paying their creditors which is understandable. Many people simply CAN NOT pay their creditors so the accounts go into a delinquent status and then a collection agency will buy up the debt for 10 cents to 40 cents on the dollar.

Once a collection agency has your file, oh boy , watch out. The phone calls will not stop. Some of you know what I am talking about. Now, not only will they be annoying and harassing you at all times of the day, they can be very aggressive and also condescending to you. Attempting to make you believe that you are a "Loser" and you are someone that simply cannot pay your bills.

I understand this frustration. Please Subscribe to our mailing list and continue to get E-Newsletter's from the Debt Relief Doctor. Ask me questions and I will certainly diagnose your problem and get you fixed up :)

In closing, I want you give you a website to take a look at when you can
Decision One Solutions - Is a Full Service Debt Relief Solutions Institute that is part of a Nationwide Lawfirm and can help with much rehabilitation. Reducing peoples Debt to 55% and have you Debt Free and Pain Free in 24 - 36 months