| Elimidebt
is committed to teaching consumers the skills and
information necessary to gain control of their finances
and preventing future occurrences of debt. Our credit
counselors can answer many debt and credit related
questions. Call today to find out more about our
Debt Management Program and other services.
DEBT
IN AMERICA
Pre-approved
credit card offers
Do you ever wonder why you keep getting all those
"Pre-approved " credit card offers -
even though you're in debt, or maybe your credit
rating is far from perfect? It has been the trend,
as of late, for creditors to offer their cards
to all consumers, especially those who have had
credit and debt problems in the past. They hope
that your past poor credit habits will force you
to spend more money with their card - and rack
up plenty of interest and late charges. They'll
earn money and you'll be back in financial turmoil.
You're certainly not alone: The average American
adult received 32 credit card offers, regardless
of their credit history.
Average
family credit card debt
You might be wondering, "I owe my creditors
thousands of dollars - there can't be anyone worse
off than me!" You're not alone! Elimidebt's
clients carry balances as high as $200,000.
Personal
bankruptcy
One indicator of debt in the U.S. is the number
of personal bankruptcies declared each year. While
many more bankruptcies are declared than need
to be, statistics show how many people feel their
debt burden is more than they can handle: Personal
bankruptcies are at an all time high! In 1997
there were more than 1.3 million declared. That
figure is up 63% from just 10 years ago.
National
consumer debt
In many ways, America is a nation weighed down
by its citizens' (and government's) debt. National
consumer debt reflects many different factors,
so we'll concentrate on consumer credit debt,
which accounts for 40% of the national figure.
National
consumer debt has reached an all-time high of
over 1 trillion dollars. Credit card debt accounts
for approximately 400 billion dollars of that
figure.
You
can help stop our national romance with debt by
becoming debt free, learning the skills necessary
to manage your own finances and handling your
spending responsibly. Let Elimidebt help you become
debt free, and along the way, we can show you
how to be a responsible credit consumer.
Elimidebt
is currently developing community education seminars,
a credit counseling CD-ROM, and a number of other
educational resources for our clients and the
community at large.
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