Credit Card “RIP”

For Immediate Release

……Press Release……

 
 Newport Beach, CA.. August 28,2006....If you are being hassled by a collection agency you don’t have to hire an attorney to handle your credit card debt elimination. That’s a wasted expense and you’ll still owe the credit card company.

Don’t add to your debt level by hiring Debt Negotiators, Debt Consolidators or even consider Bankruptcy. They all come with an outrageous cost and fee schedule.
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Credit Card RIP

                                  

                 For Immediate Release 

……Press Release……

Newport Beach, CA.. August 28,2006   The Big Three Credit Bureaus – Equafax, Experian and Transunion run or shall we say can “ruin” our lives.  In a recent study it released the documentation that 25 percent of the credit report surveyed had errors and grievous misinformation that were serious enough to cause consumers to be denied credit. 

 

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Credit Card “RIP”

For Immediate Release

……Press Release……

 

Newport Beach, CA August 25, 2006   CreditCardRIP.com receives consumer praise and high popularity from persons in search of education regarding, Credit Card Debt Elimination.  Richard Garcia, Founder of Credit Card Rest In Peace stated that, "the praise and dramatic positive response to the incorporation of QuickNews, along with RSS Feeds and Online Training Web Conferencing (Webinars) has finally answered the demand of the “Average American” finding themselves overwhelmed with Credit Card Debt and the betrayal of the Banking Industry. 

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Credit Card RIP                                         

For Immediate Release

                                                 ……Press Release……

 Debt Consolidation And Debt Negotiation Could Destroy Your Credit And Good Name.

Newport Beach, CA August 25,2006   Don’t be fooled into fake promises and downright scams of companies promising to slash your credit card debt from 50% to 80%! These "so-called" debt negotiators contact creditors for consumers attempting to work out a “payment plan” for the consumer.

Sounds good?  It comes with a price.  They will either sucker you into charging the amount they were able to get the credit card companies to "forgive" or charge you a percentage of your total debt, while others will charge you an outrageous fee. (This won't repair your credit rating either…..)

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Credit Card RIP offers “Credit Card Debt Elimination” and therefore not Debt Consolidation or Credit Counseling. The program, is truly the best solution for Americans and their families to avoid bankruptcy, debt negotiation, consolidation, or credit counseling. It’s not a tough choice to pick our program it is just that you did not know it existed. [Read More!]

The Credit Card Industry has never done better. In spite of consumer groups calling for reform, they continue to market to the least credit worthy Americans. But that’s ok according to the Feds, who doesn't see anything wrong. Things are going exactly as planned. [Read More!]

For the last 6 years graduates of NAES (North American Educational Service) been educated to not to pay their Credit Card Bills. Client have eliminating over $145 million credit card debt”. On an average of 12 to 18 the debt is eliminated.

They have been asking the Credit Card Companies this very simple question” Show us the Money”. To be more accurate, prove to me I have a loan with you. They are exercising their right to initiate a billing errors dispute per the Truth in Lending Act, Amendments
Fair Credit Billing Act 15 USC 1601.
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By William Thomas Click here for the Article.

According to the US Census Bureau, some 35 million miserable Americans spent last year experiencing poverty. [Read More!]

By BOB KERR The Providence Journal 28-FEB-06

PROVIDENCE, R.I. -- Walter Soehnge is a retired Texas schoolteacher who traveled north with his wife, Deana, saw summer change to fall in Rhode Island and decided this was a place to stay for a while. So the Soehnges live in Scituate now and Walter sometimes has breakfast at the Gentleman Farmer in Scituate Village, where he has passed the test and become a regular despite an accent that is definitely not local. [Read More!]

In a generational shift, Americans have come to accept big credit-card balances as inevitable. First of two parts.
By Stacy A. Teicher | Staff writer of The Christian Science Monitor

Click here to Read the Review.
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By Kathy Chu, USA TODAY

A new Federal Reserve report that finds little evidence that card issuers are offering credit to consumers "indiscriminately" has triggered criticism from consumer groups, who say the report is unduly protective of banks.

In its report, the Fed wrote that "as a matter of industry practice ... card issuers do not solicit customers or extend credit to them indiscriminately" without assessing their ability to repay.
The report noted that even though 71% of households had credit cards in 2004, the portion of household income that goes toward required payments on all types of consumer debt

Click here to Read the Review.
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Article published Tuesday, August 1, 2006 By PATRICIA SABATINI BLOCK NEWS ALLIANCE

A new report on credit card debt accuses card issuers of pushing consumers to borrow beyond their means and calls for new regulations. The report, released by the National Consumer Law Center in Boston, says the industry's tactics are particularly devastating to older Americans who have fewer resources to dig themselves out of a hole. [Read More!]

August 01,2006 12:00 AM EST

With the news that Barclaycard have informed customers of interest rate increases, debt help experts The Debt Counsellors say credit card debt reduction should be a priority for everyone who owes money on their plastic. (FVNEWSWIRE Jul 9, 2006) [Read More!]

By The Globe Spotlight Team | July 31, 2006

They have the power to take your car, your money, and sometimes your freedom. And they bring some uncommon credentials to the job. [Read More!]

$44 Trillion - and Soaring
~ household, business, financial and government sectors ~
by Michael W. Hodges, Author
Grandfather Economic Report
2 GREAT QUESTIONS:
Can the production of debt forever replace the production of goods and savings?
Can Americans forever borrow their way to prosperity?
Easy Answer > NO WAY !!
I am concerned about the debt being passed to our younger generation. Who isn't?

Click here to Read the Review.
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Bonnie Alba

Treasure Secretary John Snow has requested Congress to raise the $8.18 trillion National Debt ceiling to almost $9 trillion. If the proposed $781 billion in extra borrowing is not forthcoming, the government will again be close to default on its obligations. Again! Snow claims that this would be the first time the U.S. would default on its obligations. We haven't defaulted in the past because, as Snow well knows, Congress loves to raise the Debt Ceiling. When have they ever 'not raised the debt ceiling'?

Click here to Read the Review.

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All Things Considered Series Explores America's Borrowing Culture

How much do you owe, and what's your plan to get back in the black? What does our love of credit cards say about Americans? Share your views with the rest of the NPR online community.

Jan. 29-31, 2003 -- American consumers now owe about $1.7 trillion in credit card and other debts -- an amount roughly equal to the gross national product of England and Russia combined. On average, Americans spend most of what they earn, and in some cases, a little bit more.

In a multi-part series, All Things Considered investigates America's complex relationship with debt. In Part One, the series focuses on the financial and emotional toll excessive debt can create for families. Part Two examines the expanding role of home mortgages in the financial health of homeowners. And Part Three focuses on the use of personal financial histories in employment screening.
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Then he began the juggling game of “robbing Peter to pay Paul,” which only got him deeper in debt. He took out a consolidation loan to pay off all the cards and put the debts in one big payment, but the temptation of all the empty cards was too much for him and he filled them all back up again. He finally had to declare bankruptcy because he was so deeply in debt that it was beyond his ability to ever pay off.

Click here to Read the Review.
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