Newspapers are full of colums where people request advice about credit card debt and their inherently high interest rates and how it seemed he would never be able to get out of debt. These requests always catch my eye because I too am in the ranks of burdened debtors. I tried to negotiate a better rate for my debt, yet try as I might, I found myself powerless in dealing with the banks. They know they are in the driverâ??s seat and that is how they act â?? even though â??theyâ? are people like you and I; some of who undoubtedly have their own share of debt. They did offer a short-term low-interest program but that rate shot right back up at the end of the program, no matter that Iâ??d made all payments on time. That left me even more frustrated, angry, and powerless. Like most people, I do NOT want to go the bankruptcy route. Yet the exorbitant interest rates, coupled with my salary level, means that if something doesnâ??t happen soon, Iâ??ve calculated that Iâ??ll be paying off this debt until the middle of 2013. I canâ??t fight the banks alone. No one can. But I know from reading the papers and listening to the news that there are many thousands of people in similar if not worse situations. There has got to be a way to change the situation, for all of us. Iâ??ve decided to start a credit card user â??federationâ? if you will, where users- those of us in debt and (more importantly) those with perfect credit, will be able to use our combined strength in order to force the banks to deal with us as equals, not as their money making machines. Please check out my website and see if it makes any sense to you. It is a simple site and I plan to keep it that way. Any thoughts and/or advice will be greatly appreciated. Maybe someday youâ??ll even recommend the site to your friends. The more of us there are, the more powerful we are... Sincerely, William Francke www.KillerDebt.com
I know apathy will be a problem. But all it takes is joint action. Killerdebt.com can work. And for some of us, it has to work.
Appreciate your effort Bill. But there's an easier way to resolve your problem than trying to rally enough people to engage in a "civil war" on the banks. My suggestion: MAKE MORE MONEY. .
