Positive, life-changing credit card debt relief is now available to all Americans, regardless of how much they are in debt. For too long the credit card issuers have ensnared too many consumers in the high interest trap, but credit card debt relief can provide the cure to your debt anxiety. There is no reason you should be a slave to the credit card industry's late fees, interest payments, and hidden charges that can drown you in debt when there are options for relief available today. Eliminate Credit Card Debt We have all been there, and many honest people find themselves trapped by sky rocketing credit debt that comes complete with heavy interest payments, hidden fees, and late charges. It can sap your hope and leave you feeling depressed and anxious having that huge debt hanging over your head with no idea how to get rid of it. With no relief in sight, and no progress being made by your payments, you can feel hopeless and alone with your debt. You might even reach the point of giving up, because you don't have enough money for the essentials in life, your food, rent, gasoline, and you certainly don't have any left over for the stress relievers of entertainment. You are not without options though, and you can eliminate credit card debt, even if it has gotten so out of control as to be unmanageable. Even if you have bad credit or you are in danger of falling behind you must confront your credit debt, consider the help of debt relief loans from consolidation lenders. Consolidate Credit Card Debt for Relief The first step to consider when desperately seeking credit card debt relief is to seek the help of consolidation lenders. Debt consolidation loans can pay off your high interest credit debt with a single longer term better rate consolidation loan. These loans can help you dramatically reduce your payments and flip your payment progress so that more of your payment from month to month reduces your principle, rather than simply paying interest to keep you afloat financially. Relief loans for consolidation can provide you instant relief and put money in your pocket immediately. Settle Your Credit Card Debt In addition to seeking debt relief using consolidation loans, these lenders can also provide debt settlement services. Commonly, if you are overwhelmed with severe credit debt they can negotiate with your credit cards and seek to reduce the amount of money you owe, termed a settlement of debt. In some cases they can settle your high interest debt for up to a third of what your current balance is. This instantly gets you back on track to recovery your financial future and provides instant debt relief. Take Action If your credit cards are causing you to lose sleep every night, you have nothing to lose, consult with these professional debt relief lenders, you are under no obligation and they can help you. Let them provide you a no obligation offer on how they can best provide relief to your unique credit card debt situation, you deserve the help. To learn more about credit card debt relief and how it can help you today, please visit Total Debt Relief. Amid concerns that high credit card debt might trigger a new economic slowdown, many Chinese lenders have stepped back from aggressively promoting the cards.We have noticed the underlying risk of aggregate defaults, and thus our policy on credit card issuance has become stricter than ever," a source with the credit card center at China Citic Bank said. At present, only 30 percent of the credit card applicants get approved, while in the past few years the approval ratio was about percent to the source said. Pulling back on credit card marketing also is in response to warnings by the country's banking regulators about credit card-related risks. In a notice sent to Chinese commercial lenders in mid-July, the China Banking Regulatory Commission, or CBRC, the country's top banking watchdog, ordered banks to tighten credit card issuance practices and carefully appraise credit ratings before issuing cards to applicants. Banks should not set quotas for credit card salespeople and never give out credit cards to students under the age of 18, the advised. The move followed the quarterly payment system report issued by the People's Bank of China, which warned about the underlying risks of substantial increases in outstanding credit card debts. In the first quarter, credit card balances that were at least six months overdue reached percent from a year earlier, according to the central bank's report. Banks should pay special attention to the potential risks arising from the continuing increase in defaulted credit card payments when they are promoting the development of credit card business," the report stated. China saw its credit card business start to take off in recent years as more banks realized it could become a major source of revenue. As of March, Chinese banks had extended million credit cards, up percent year That increased the number of credit cards held by each Chinese consumer to compared to an average of credit cards held by Americans, central bank statistics showed. The credit card business remains a side enterprise in the overall business portfolio of Chinese lenders, but it promises huge potential in the future. Thus, banks lowered issuance requirements and loosened credit checks. Even students with no fixed incomes were once more readily issued credit cards. In the wake of the global financial crisis, domestic lenders used the massive credit card defaults in the United States as a cautionary tale and tightened their own requirements for approving credit cards. We have already suspended handing out Young cards since last year, as they are defined as a high-risk group of people with no fixed income," said a staff member at the Beijing credit card center of China Merchants Bank
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