Over 80% of college students carry a credit card, and the creditors make it very easy for them to get one. Why? Because they know a majority of these students will default on their repayment obligations and their parents will bail them out.
Defaulting on credit card debt can be handled by a qualified debt settlement attorney. A qualified debt settlement attorney can work with the creditors for a large reduction in the principal balance owed. If you have a child with significant credit card debt, contact a qualified debt settlement attorney before bailing them out. The savings can be significant!
Kevin Fallon McCarthy
Latest posts by Kevin Fallon McCarthy (see all)
- Different Ways to Get Out of Debt - January 22, 2019
- Public Servants’ Second Chance at Federal Student Loan Forgiveness - April 10, 2018
- CREDIT CARD LOSS FOR SMALL BANKS AT AN EIGHT YEAR HIGH - March 22, 2018
- Rise of the Jumbo Student Loans - March 17, 2018
- Credit Card Market: Now and Then - February 23, 2018