Business & Finance Credit

Why Do Bad Debt Problems Strike Women Worse Than Men? You"d Be Surprised

Let's face it, anyone old enough to get a credit card or incur medical bills, could easily find themselves in over their head in debt.
It is a known fact that women garner more debt than men.
This problem is easily compounded by the fact that men are less likely to juggle extenuating factors and responsibilities like raising children(often alone), attempting to finish or return to school, and supervising the medical treatment of themselves or their family.
Credit cards and bill-repayment schedules exist to get more from you than the initial amount of debt you originally incurred.
Without these penalties and interest rate tricks, they wouldn't be in business.
So, how do you go about shaking the shackles of debt and reclaiming your life, freeing yourself and your family from the wrath of the phone ringing, and dread involved in picking up the mail to find ever-thickening bill statements? You get the information and assistance necessary and freely available to you and you stick to a disciplined plan of debt-escape, that's how! Without a doubt, you encountered hundreds of advertisements for "non-profit" debt counseling and consolidation.
These "non-profits" seem so genuine about helping you free yourself from debt for good.
You should be extremely leery of these offers though.
As of this writing, Ameridebt of Missouri was being fined billions for their deceptive practice of piling on "service fees" to the same people with debt that came to them destitute and with nowhere else to turn to in the first place.
Quite the same as a lawyer chasing an ambulance and coincidentally turning up at your bedside with a get-well card and a contract to sign.
Caveat.
On the other hand, there are countless debt-counseling and consolidation companies, many specially geared to the needs of women in debt, that offer free assistance.
In many cases, they do not require any more personal information than the total amount of debt you owe, your zip code(in order to review any unique debt-relief programs available in your vicinity), and an email address to correspond with you.
Others may ask for a home phone number in order to speak with you directly.
After steering clear of the phone for fear of encountering more creditor threats, this is a phone call that you'll probably love to receive! You are not a bad person, because you have debt.
Compared to some companies and corporations that readily pass off debt worth billions under the cover of corporate protective laws, we're talking small potatoes in the case of the average woman and/or mother in debt.
It sure can seem insurmountable at times though, huh? When all is said and done, you simply want to get the debt-monkey off of your back for good, right? You want to go back to that feeling of freedom, yes FREEDOM, that you felt before that first statement arrived that you couldn't afford the minimum on.
It's high time to take back your life, your privacy, and your happiness.
It's time to take action for you, not them.
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