The Learning Curve

New tricks for an old dog.

Big balls solution to credit card debt

Big balls solution to credit card debt

Consider “Big balls solution to credit card debt” to be my own trade mark word phrase for a radical solution to credit card debt.

I call it that because it really takes big balls to actually do it. In the world of debtor-creditor relationships, my solution to overwhelming credit card debt is the practical equivalent of dropping a neutron bomb on the credit card company.  It is not for the timid.

Problem: Runaway credit card debt.

  • Thousands of dollars in credit card debt.
  • At or above your credit limit.
  • Can’t make monthly credit card payments on time.
  • Falling behind.
  • Late charges adding up.
  • High interest rates.
  • Penalties and fees you never heard of before adding up.
  • It will take decades to pay off.
  • Phone calls, phone calls, and more phone calls.

Solution: Sue yourself.

  • Fix the amount of the debt at a sum certain.
  • Eliminate all future late charges and penalties.
  • Reduce interest rate to 8% – 12%.
  • Avoid bankruptcy.
  • Set your own re-payment schedule.
  • End the phone calls.

Written by Tom Fox

01/04/2009 at 12:31 pm

Posted in Credit card debt

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