All sorts of people have all been asking the same question, what is debt elimination? Is it some sort of illegal practice that people without morals participate in? Does it actually work? If you search online you will find mixed responses to every one of these questions. How then can you determine the legitimate answer?
A major concern with debt elimination is that it is unethical. People feel that somehow not making monthly payments to your creditor is harming the creditor. This might be true if the creditor had loaned you their own money, but they definitely did not. Your creditor loaned you money they created out of thin air through a process known as fractional banking.
I hope that you are starting to understand a little bit of the answer to the question: what is debt elimination. Here is something interesting for you to think about. Why do banks rarely produce signed and valid contracts when they are in the collection process? The answer is somewhat disturbing. Banks and creditors often break these contracts during the duration of your agreements with them. For this reason they try to collect through other methods.
After reading this and wondering what debt elimination really is, please do not feel that after knowing about debt elimination, you can go on a spending spree and not have to pay off your credit card. Debt elimination requires some drastic measures, which if you were not in a dire financial predicament would not be worthwhile.
Banks and creditors are a major barrier when trying to answer what is debt elimination. They constantly intimidate and lure in new customers by offering credit limits that the banks and creditors know the customer cannot afford. Then when the customer is in over their head the bank or creditor will make them feel as if all of it was the consumers fault. Because of this many people get trapped in debt and do not realize that debt elimination could change their situation completely.
The last thing that I would like to make clear in my efforts to answer, what is debt elimination, are the things that debt elimination is not. Debt elimination is not another debt consolidation scam that supposedly helps you get out of debt faster. Debt elimination is also not a form of debt settlement. Instead it is a process that exercises all of your legal rights as a consumer to help you get the best results possible.
A major concern with debt elimination is that it is unethical. People feel that somehow not making monthly payments to your creditor is harming the creditor. This might be true if the creditor had loaned you their own money, but they definitely did not. Your creditor loaned you money they created out of thin air through a process known as fractional banking.
I hope that you are starting to understand a little bit of the answer to the question: what is debt elimination. Here is something interesting for you to think about. Why do banks rarely produce signed and valid contracts when they are in the collection process? The answer is somewhat disturbing. Banks and creditors often break these contracts during the duration of your agreements with them. For this reason they try to collect through other methods.
After reading this and wondering what debt elimination really is, please do not feel that after knowing about debt elimination, you can go on a spending spree and not have to pay off your credit card. Debt elimination requires some drastic measures, which if you were not in a dire financial predicament would not be worthwhile.
Banks and creditors are a major barrier when trying to answer what is debt elimination. They constantly intimidate and lure in new customers by offering credit limits that the banks and creditors know the customer cannot afford. Then when the customer is in over their head the bank or creditor will make them feel as if all of it was the consumers fault. Because of this many people get trapped in debt and do not realize that debt elimination could change their situation completely.
The last thing that I would like to make clear in my efforts to answer, what is debt elimination, are the things that debt elimination is not. Debt elimination is not another debt consolidation scam that supposedly helps you get out of debt faster. Debt elimination is also not a form of debt settlement. Instead it is a process that exercises all of your legal rights as a consumer to help you get the best results possible.
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