Collection Debt Elimination, Credit Restoration and Wealth Creation

In 2006, the documentary “Maxed Out” was released. Filmmaker James D. Scurlock examines the outrageous practices that consumer-lending and credit-card companies use to rack up huge profits while bleeding customers dry. Now it can be viewed on HBO. The most shocking part perhaps is when a mother tells of her college son that was in credit card debt and did not see any solution except suicide. This is very real. Another clip perhaps when a banker notes in the movie that it is isolated incidences that are filmed for this movie. NOT TRUE. This oppressive state of mind is all over this country. Every time the phone rings, it is a debt collector. Multiple letters from collectors in your mailbox. Working more hours to pay off the debt. The interest on the collection debts goes higher (no regulation). Never ending downward spiral. Where does it stop?

Next Level Credit has a mission because they know how that oppressive state of collection debt mindset feels. It is bondage and you are captive to it.

When a consumer is in collection debt which stems from credit card debt, it is irresponsibility on both sides. In other words, is the consumer irresponsible for getting credit cards and “maxing” the cards? Maybe since 9/11/2001, when the government suggested to try not to be fearful and go out and spend, that is where it escalated. Or is it the banks irresponsibility?

Quote from Washington Post, 3/07:
“Maxed Out,” often uses grim humor to deliver the bad news: that banks routinely seek out the young, poor and chronically late-paying; that they’re in cahoots with other powerful forces in government and business (such as the burgeoning field of debt collection); and that no one — especially lawmakers whose biggest contributors come from the financial services industry — seems to care. Particularly galling in this respect is Julie Williams, the acting U.S. comptroller of the currency and chief bank regulator, who delivers Orwellian apologies for the industry she’s supposed to be overseeing, and Louis Freeh, former chief of the FBI and now a honcho at credit card giant MBNA (presumably, he makes sure there are state-of-the-art computers there, a luxury he didn’t bother to acquire for the bureau under his pre-9/11 watch).

Regardless of who is to blame and regardless of how you arrived in a collection debt pit, you need to take action and learn NOT to regress into debt EVER again. When the reality HITS that you can learn your rights and take action, it is hard to believe. There is no guarantee when you have to fight the collectors. They are devious and have tricks “up their sleeves” they use every day. However, the more ammunition the consumer has and USES it, the better the rights work.

Life when the debt collectors go away…
The life of debt freedom takes getting used to. It is almost hard to believe that there is a solution that works. When the collection debt is gone, it is almost as if a physical weight is lifted off. You can look ahead and make plans (without credit cards) for building wealth and having a healthy financial future. There is a spring in your step. Now, your mission is to spread the word and help others who are facing what you conquered. When it really sinks in what you have accomplished, you have a new lease on life.

You have slain the giant!!!

NEXT LEVEL CREDIT