Did Good Credit Leave You Lots of Debt?

The one thing that good credit can certainly assist you in doing, as it does for many consumers, is get you into unbearable and perpetual debt. For most people, the only way to pay down these accounts is if they had a windfall income, like winning the lottery. This is humorous for many people to hear, but once reality is understood, it should be frightening.

Creditors will give you more and more credit as long as you are able and willing to make regular and timely minimum payments. Once you reach that limit of not being able to make timely payments, the creditors report to your credit file that you are a higher risk of nonpayment and increase your interest rate and minimum payments. The credit history also facilitates one creditor in communicating this new level of risk to other creditors, so all of them can view your credit file and determine for themselves that it is time for them to increase your interest rate and minimum payments as well. debt managment program

Just because you have large debts and/or are not able to pay on the schedules dictated by your creditors, it does not change the person you truly are. Equate this to how drug dealers give free drugs to children at school. Then when they are hooked, sell it to them at very high prices. You have been taken advantage of, robbed.

Good credit did nothing for you but enable creditors to steal your net worth and cripple your ability to invest in your future. Good credit supports you in betting against yourself and transferring your wealth and potential wealth to creditors.

Your credit history will eventually appear the same as if you simply stopped paying, mostly with charge offs. Collection agencies negative remarks do not usually show up on the credit report because of how the account is disputed. If an account is in dispute, federal law restricts what can and can not be reported to a consumers credit report from a collection agency. In essence, you are trading bad credit in exchange for the cash saved by not paying these credit statements.

After completion of the Credit Card Debt Relief Program solutions for restoring credit by removing derogatory items are then presented.

Bankruptcy is not private. It requires disclosure and liquidation of all assets and debts and ruins your credit history for a minimum of ten years.

 Ultimately, you’ll want to restore your credit. You want to have a credit score above 700. As a member of the Program you have the option of cleaning up your credit and having that credit score you want. These additional options are available only to our customers.

5 responses to Did Good Credit Leave You Lots of Debt?
  • Chelsea Wallace

    “Small Disciplines repeated with consistency everyday lead to great achievement gained slowly over time.”


    Those two words “Consistency” and “Slowly” have to be two of the biggest reasons that the vast majority of people fail to live the lives they desire. Until you make a decision that you must work consistently for the rest of your life “mastering the basics”, it will be difficult, if not impossible, to gain momentum and improve motivation which always accompanies discipline. It is understood by those who enjoy success at high levels, that patience is required to make things that, at first, are difficult, eventually become easy. There is no way around the fact that the “Process of growth” takes a long time, so learning to “enjoy the journey” is critical. You were born to enjoy great achievement, but only after you have learned the patience and discipline necessary.

  • Heidi Reynolds

    “Many of us are afraid to follow our passions, to pursue what we want most because it means taking risks and even facing failure. But to pursue your passion with all your heart and soul is success in itself. The greatest failure is to have never really tried.”

    Robyn Allen

    It’s really pretty simple. Try to find someone who enjoys success and growth at high levels that has not failed over and over, has not taken risks, or has not experienced pain and discomfort. Next, try to find someone who does not enjoy the success and growth they are capable of that has accepted the failure, risk, and pain that always accompanies success. That search clearly will not yield any positive results. Don’t allow fear to cripple your pursuit of what you are passionate about. Allow yourself the freedom to pour your heart and soul into building the life you and your family deserve.

    It’s normal to feel overwhelmed, distressed, or even afraid at times. The life you dream of and the goals you desire are within your reach, you must simply determine to persist. The only real failure is in not trying at all and that is not the life you were born to live. Pursue your passions starting today!!!!!

  • Lorraine Langer

    “Talking about our problems is our greatest addiction. Break the habit. Talk about your joys.”

    Rita Schiano

    Everybody has problems. If a person is breathing they have problems, there are no exceptions. The fact that we all have problems is not the challenge, the challenge is how we view our problems and how we choose to react to our problems. How a person reacts to problems defines the person, it revels who we are and what are potential is. Earl Nightingale explains that “We are only as big as the smallest thing we allow to bother us”. If we could really see everybody’s problems and we had the opportunity to change our problems for theirs, we would in almost all cases choose to keep the problems we have. Increased peace and happiness cannot rely on us having fewer problems, but rather practicing daily gratitude for all that we have. Start this habit and not only will your problems appear manageable and secondary, but you will enjoy more of the happiness and joy that you desire.

  • Shana Marley

    I discovered your Did Good Credit Leave You Lots of Debt? – Zap Credit Card Debts page and noticed you could have a lot more traffic. I have found that the key to running family finances is to not get in to debt trouble in the first place. What is the quickest way to get out of credit card debt.

  • zapnets

    “My philosophy of life is that if we make up our mind what we are going to make of our lives, then work hard toward that goal, we never lose – somehow we win out.”
    Ronald Reagan

    1911-2004, 40th President of the United States

    What a great thought. It reminds us that we are in control of the lives we live, we get to design and direct just how extraordinary and exciting our lives will be. The hardest part of all of this is for us to “make up our minds” that we are going to live these lives of spectacular and that we will not “settle” for anything less. It’s common for many to “make up their minds” to settle for much less than they are capable of, usually because of the environment that they currently live in. If you have a desire to live a life of extraordinary, then the good news is that it is all within your power, but you first have to “make up your mind”. Build the life of your dreams, begin today!

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