Credit Card Debt Relief Community

Welcome To 2012....

We have rebranded creditcarddebtrelief.us this year as a credit monitoring community for consumers to learn, share and help one another. Our mission started after being crippled with medical credit card debt at a young age and falling vicitim to a 'debt consolidation' scam company from Texas called 'Liberty Debt Management' owned by Jeremy Young. I spent my first $3,000 out of college on this company to help me repay $10,000 in medical bills that had piled up after a bad car accident. Fast forward a decade and I've finally been able to rebuild my credit rating after having Liberty Debt management steal my $3,000 and do absolutely nothing in return. In fact, my credit was destroyed in the process. After a short legal battle, I found out that Liberty Debt Management was one of a handful of LLC's that Jeremey Wright used to rip off consumers that needed desperate help with their debts. Once the Texas attorney general would go after one company, Mr. Wright would close in down and roll the company into the next LLC. All the while taking people's hard earned cash and pocketing it 100%.

It was a tough lesson to learn at age 22 and I vowed at that time to fight back. This is me following through on that promise. To create a commmunity to unite people troubled with credit card debt and help them avoid dangerous 'debt negotiation' companies that prey on them.

The site is going to evolve of the remainder of 2012, so please check back soon and share your experiences with us. For the time being, we have some of the old content from Debt Shield...

Credit Card Debt Relief Help

Did you ever experience strolling in the mall when someone approached you and asked if you have a credit card? If your answer is no, that person will start talking about the benefits and the great deals that you can get if you will get credit card. Eventually, you will believe what that person is saying and before you knew it, you already fell into the trap. This is how it works. Credit companies will offer you the best credit card at that moment. They will enumerate all the benefits like the reward program given by the company. Credit card points will be accumulated every time you swipe your card into the machine and that can be exchanged in any form of rewards. You have a card that you can use anytime especiallyin emergency and at the same time you get a reward points. Sounds like a good deal. The problem is, when the bill arrives you will be surprised on how much debt you owe. And your budget says that paying the credit card bill is not on the list. If you can no longer handle your knee-deep debts, that is the perfect time for credit card debt relief to appear in the picture.

Credit card debt relief is a program of credit card legislation that offers significant reforms in terms of credit card debt. This program gives protection to card holders from the harassment of credit card companies. It makes sure that all papers are transparent and free from any hidden agenda. On your behalf, the credit card debt relief company will talk to your creditors to negotiate the terms of your debts. This works by allowing the debt negotiators to do the negotiation with your credit company in order to lower the amount of your debt and your payments as well. You may also need counseling like the Christian credit counseling that are well-equipped with knowledge to help you in finding solutions to your debts. Your finances will be reviewed and they will communicate with your creditors to negotiate settlement deals, just in case it is the best option for your condition. Debt consolidation companies also offer debt consolidation as one of the options to eliminate your debt quickly. It works by having a loan with low interest rate to pay your credit card debts but collateral such as home equity is needed in order to qualify for the loan. However, you may risk yourself of losing your home if you are not able to pay the loan. Consolidation does not clear your from debt, it just being transferred to another institution.

How to Spot Fake Credit Card Debt Relief Company

There are numerous credit card debt relief companies available that will help you in eradicating completely your debts in a short span of time. However, there are some companies that will take advantage of the situation. It is always better to be diligent in searching for the best credit card debt relief company so that you will not be a victim of scam. Here are some of the warning signs that you need to recognize to avoid being scammed.

• If the company ask for a huge amount to fix your credit report. It is a complicated process to fix your credit report and it will be a great relief if someone will do it for you. However, you can always do it by yourself and no need to pay any amount.
• If the company offers you a loan to fix your debt. This may sound a good idea but generally it is considered as a bad thing. In the end, you will just pay more money for that loan and the amount is much bigger than the amount of your original debt.
• If the company suggests changing your identity to have a new credit rating. This is for sure illegal. If you push this through, more often than not, that company is already gone by the time the police pay you a visit.

Before getting involved with any credit card debt relief company, you should research informations about the company and ask loads of questions. You can also check with the Better Business Bureau for the list of companies that were involved in fraud. Liberty Debt Management has some complaints from the consumers so it is better to check first before doing any business with them.

Credit card debt relief programs will indeed help you to deal with your credit card debts but you should also be responsible with your own debt. Taking responsibility means you should establish your budget. Limit your expenditures just to what is needed and strictly follow your debt payment plan. Doing this by yourself can save you some money and will change your financial outlook in life. Whatever route you take, the solution to your credit card debt is your determination to improve your financial status more than the available methods.