Credit Card Debt Settlement Companies Review – Beware Of Biased Reviews
Credit Card Debt Settlement Companies Review – Beware Of Biased Reviews
The debt consolidation industry is similar to all other industries in at least one respect. Top-rated firms provide excellent service to customers and develop loyal followers. The opposite is also true.
In all industries, a few lesser competitors crave quick profits and skimp on customer service. Lesser companies tarnish the reputations of all industries. When reading company and industry reviews, remain cognizant of the human tendency to express personal editorial opinions.
Natalia Osorio Editor of the “Credit Card Debt Settlement” website — http://www.CreditCardDebtSettlementUsa.com — pointed out;
“…Today, approximately two-thirds of the U.S. voting population belongs to a political party. The remaining one-third proclaims political independence. Oddly, this ratio has remained constant since the foundation of the United States. Quite naturally, members of both political parties tend to seek out and agree with news broadcasts and media coverage that are consistent with personal core beliefs. As a result, many popular commentators and authors rely on party slogans without providing objectivity…”
Debt consolidation companies fight a constant battle against a familiar competitor. Financial institutions abhor loan losses. National lenders use extraordinary access to lawmakers and major media to restrict borrower rights. In addition, editorial opinions frequently deride all people who resort to debt consolidation, litigation or bankruptcy. The fallacy of this reasoning is easily revealed.
Over 50% of all bankruptcy cases result from catastrophic illness. Today, medical bankruptcy is the single leading cause of all filings. Nevertheless, lenders and media partners produce a never-ending flow of editorial opinions condemning bankruptcy and those who must file regardless of cause. To a lesser extent, debt consolidation services receive similar undeserved criticism using questionable and biased tactics.
The First Amendment to the U.S. Constitution guarantees each citizen the right to express opinions publicly, openly and freely. This unique right is extraordinary among nations. Less recognized, all U.S. citizens also retain an absolute right to demand integrity, honesty and objectivity as a condition of accepting any opinion. Use these privileges wisely.
Banks charge up to 30% APR on credit card and more while paying 2% on saving accounts. In addition, banks borrow additional funds from the U.S. Federal Reserve at a rate of slightly more than 0%. Yet still, banks issuing credit cards complain that the 15 to 1 to 30 to 1 profit margin is insufficient to cover a 5% rate of credit card default.
“…Before accepting any opinion regarding financial relief services, pro or con, consider potential conflicts of interest. Affiliations may be difficult to ascertain yet the spirit driving each article always shines brightly…” N. Osorio added.
Further Information By Visiting; http://www.CreditCardDebtSettlementUsa.com
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