asprogram
| Member since: | 11-30-2007 |
| Last visisted: | 12-10-2007 |
| Forum posts: | 1 |
| Blog posts: | 0 |
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Bio
Last September (2006), my wife, Shelli and I were facing
sizable unsecured debt. We had unexpected medical bills
which made us three days late paying for one of our credit
cards. That credit card along with all of our other credit cards,
decided to raise their interest rates from 9-13% a month to 24-
33% overnight.
At the same time, congress had passed a law which made
our monthly minimum payments go from $150 - $200 to well
over $300 plus a month! We struggled at this for 2 months.
We even took out a 2nd mortgage (DON'T EVER DO THAT
FOR UNSECURED DEBT) and contacted each and every
credit card to ask them for some relief.
Not one of them was willing to lower their interest rate unless
we made our payments on time for several months. It was a
classic catch-22. It seemed like not one of them was willing
to work with us. Each of them told us that their contract
allowed them to raise our interest rates to these unbelievable
figures even if it wasn't their card that we had paid late.
We needed something to stave off the credit card debt
collectors, something that would put the power back in our
pocket and take the bankers’ hands out!
We accomplished this by using a program designed and
supported by an attorney with over 25 years experience in
debt solutions and tax law. The program is called the Asset
Security Program.
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