The definition of debt is something that is owed, or that one is bound to pay to or perform for another; a liability or obligation to pay or render something. This comes in many forms, but the most common are that of loans, credit cards, and bills. The problem with loans and credit cards, is that these types of borrowings inherently have high rates of interest attached to them. Because of this, paying them off becomes even harder, especially if you are only paying the monthly minimum payments. In today's society, you'll find that it's easier than ever to get yourself into debt.
With the media encouraging people to spend money through their flashy advertising, not only are people spending their own money, but they borrow as well, with the banks willing to lend to almost anyone. They make it a business to entice people to live outside of their means.
Hamilton Credit Repair has introduced a new program that can reduce your debt, decrease the amounts you owe, and allow you to make just one low payment each month.
This is a unique program that will give you relief, and get you on your way to becoming debt free. It is completely confidential, and takes only a few minutes to find out if you qualify.
Good Debt:
Is borrowed money for an investment that will appreciate in value, or can generate a higher amount of interest than that of the loan. For example, property, stocks and shares, business, art, wine and precious metals such as jewelry.
Bad Debt:
Is borrowed money for items that will depreciate in value. For example, a car, holiday, entertainment equipment, and other material items similar in nature.
Call 800.367.9920 today for a free consultation or fill out our form to find out if you qualify for our debt reduction program!