Have You Defaulted On Your Credit Card?
If you have, defaulted you’ve probably have been tricked into frustratingly high Credit Card debt – without you realizing it. In this video I tell you how you may have gotten yourself into Credit Card Default Automatically.
This video is one minute and 48 seconds, and well worth every moment of your time.
What Is Sub-Prime Credit A Card?
From (April 02, 2008), Sub-Prime Credit Cards Radio Show. If you don’t know what Sub-Prime Credit Cards are, you are encouraged to listen to Debt Warriors Radio.
Last year We did a show called “Sub-Prime Credit Cards, What’s Really In Your Wallet?”
This show is shocking, yet very informational and entertaining. Most importantly, you’ll learn what you can do if you have “defaulted” on your Credit Cards. If you’d like to learn what to do if you’ve defaulted on your Credit Cards, you’ll have to listen to last years show. This show provides free debt management advice without the heavy up-sell.
In related news; Today, you may have heard this morning on National Public Radio (NPR), a report from Jim Zarroli and Rene Montange. Jim said, “Problem Loans Hurt Banks and Stock Market” IF you didn’t hear the report, Jim said that Banks are becoming pessimistic about a (dramatic) rise in Credit Card Default and Late Payments.
Jim addressed the facts that Banks feel they made mistakes, by giving Americans with already “Bad Credit”, more Credit. Below, Debt Warriors site facts from two former Credit Card Company Employees, the Credit Card Companies sold you, and millions others like you, defaulted Credit Card Loans.
Have You Been Sold Into Credit Card Default By Fine Print?
You may be interested in the fact that, Debt Warriors have warned you about “Sub-Prime Credit Cards” for a while now:
- From 12/10/2008: ” Sub-Prime Credit Card Interest Rates start high and stay high. Many Sub-Prime Credit Cards, state that, “the offered interest rate, for Store Credit Cards, and Gas Credit Card (if variable), may go up, but it will never go down.”
- From 09/26/2008: Ex-Credit Card Employees Catherine “Caty” Columbo, and Jerry Young, share expert testimony and warn Consumers of the tricks and traps used by credit card companies to rope Consumers into more debt.
In both of these Blog Post (above), Debt Warriors exposed the tactics, by many Creditors that have seduced you into Credit Card Debt Default.
Before you go into Credit Card Default:
Here are some Key-points (from a past Debt Warriors post) that are well worth you paying attention to:
- # 1. Know the “Terms and Conditions” for Your Credit Cards:With Credit Card Default rates skyrocketing what you don’t know about your Credit Cards can hurt you. For this reason, it’s important to understand what will trigger a default rate to be placed on your card.
- #2. Know the ‘available balance’ for each Credit Card Account:For example, once a Consumer exceeds a certain percentage of their available balance Creditors start raising the Consumers Rates.
#3. Try to keep your “outstanding balance” way below the available balance:
It’s wise for you to spend only 25 to 35 percent of your balance on any credit card. It is unwise to for you to use more than 40 percent of your total available balance on any Credit Card.
#4 Pay at least $5 over your minimum monthly payment:
You may not know (most people don’t) that you can shave off interest payments, on your Credit Cards, simply by making a regular payment of $5 to $10 dollars over the minimum monthly payment (every month).
You can save much more money, stress and time, by learning the secrets to outsmarting your defaulted credit card debt into it’s defeat. Your Debt that Debt Warriors video courses will show you how. Debt Warriors Credit and Debt Management Video Courses (and Bonus Debt Reduction Software) will show you how to: Analyse, Budget, Dispute (if needed), Negotiate, Settle and Eliminate, your debt – for yourself 
