Jul 23

 

Did you know…

  • Over 70% of all marriages that end in divorce are due to financial problems.
  • 75% of all Americans are only three paychecks away from bankruptcy.
  • 105 million Americans will file bankruptcy due to unsecured debt.
  • 1.5 million will participate in consumer credit counseling.
  • 37 million will TRY TO NEGOTIATE WITH CREDITORS THEMSELVES - which the creditors love, because people with debt troubles are not professioanls and don’t know how the system really works.
  • On average, when you purchase something with a credit card, you pay 132% MORE than if you used cash.
  • Typical minimum monthly payment for a credit card are divided into 90% interest and only 10% to principal reductions.  The principal amount on your credit card is what the product or service you bought cost you.
  • Over 71% of all credit card accounts have only the minimum monthly payments being made by consumers. 

Don’t be a statistic!  Begin your path to a debt free future now.