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Every time you see where parents and grandparents are losing their homes after 50, 60 and 70+ years of living in the same home where you were raised up, it is time to pay attention to what is happening. Not only are we in a war in Iraq, but there is a war going on right in our own homes and neighborhoods. It is sad to say, but true, that credit card debt has our American families in bondage. Why? When credit cards were introduced to the American public, we thought that the American dream was just a plastic card away. What seemed to be the American dream from the start has ended up being a nightmare for so many American families.
It is absolutely imperative that people with credit card debt read this article. Why? I'm glad you asked. Let's make a list as to why you should read this:
- Americans are losing their homes.
- The total amount of money Americans owe on credit card debt is more than they make working two jobs, full time, for the whole year.
- The divorce rate has risen in the past number of years because of financial difficulties and paying credit card debt.
- People are dying every day because of the stress of having so much debt. They know that if an emergency should arise, they have no where to turn. They have maxed out every credit card that they own.
- It will take most Americans who are drowning in debt, the rest of their lives to pay off credit card debt.
- Americans work hard to build a good life for their families. They work to have something to leave to their children when they have gone on home to be with the Lord. But, because of credit card debt, there won't be an estate or an inheritance to claim. Why, because of the debt that was accumulated while parents and grandparents were alive, is now showing it's ugly head after they are gone. Don't keep fooling yourselves. It's time to recognize that American families are in a financial crisis that can't and will not be swept under the rug to be dealt with on another day. That day is here now. Today! The government should recognize that Americans are in trouble and are in need of financial help to survive this epidemic.
- Not only are people drowning in credit card debt, but some are falling prey to U.S. mail scams, email and other internet scams that causes people to lose their life's savings. Not only that, the dominoe affect of these scams causes them to fall behind on paying bills on time, which causes them to become a credit risk. Because they become a credit risk, their interest rate for credit cards that may have previously been as low as 2-9%, and after missing a payment, rises to 30% or more.
If you don't believe it is an epidemic with people losing their homes, the divorce rate is rising, and people are losing their minds and the like because of this epidemic, read the comments that people have made about how missing one payment for their credit card debt has increased their interest from less than 10% to over 30% at Epinion.com. Read all of the horror stories that were told. After reading those people's stories, you might have one similar to share with them. It is of little comfort to know that millions of Americans are having the same type of financial difficulties that you are and some are even worse. But, if we unite together and be strong and help our sisters and brothers, we can overcome.
In conclusion, please don't take this article litely, because it won't only hurt you, but it will affect lives for years to come.
We hope that pastors, community leaders, politicians and government officials will recognize the sense of urgency of these matters and will address them immediately.
Write or call your local, state and national officials and let them know that something has to be done, and that some type of financial intervention from the federal government and other agencies has to be put in place to help our American families who are in urgent need of financial assistance. Please take heed, and know that if we never speak up and out, nobody will know what's on our minds. So, let's speak out loud and clear to our government officials and community leaders, and let them know that we are drowning in debt.
This site is about searching for unclaimed property, so if you are one of the millions of Americans drowing in debt, conduct an unclaimed property search to see if money is owed to you. By doing so, hopefully you will be able to find and claim it. Go on and get started!