Why is getting out of high interest credit card debt so arduous for the standard US resident?

Nowadays it looks like virtually every American is experiencing financial distress due to the destruction in our economy.  Weeks and months continue to pass by and the economy does not look like it will be getting any better.  The reality is more consumers continue to lose their income; the national deficit is going up, and foreclosures are also still on the rise.  One issue that is also plaguing Americans is that credit card debt is rising with unparalleled levels. With all the other financial problems it is no wonder people are having such rough times trying to get out of debt. 

Credit card banks conspire make it as hard as they can for people to escape their debt trap.  Their plan to keep people in debt is brilliant by using monthly minimum payments and high interest.  People become addicted to only having to put out the minimum and this behavior creates ever increasing debt balances.  Once consumers are trapped with a high balance then the credit card companies will slam them with high interest rates. 

Consider that even with an normal interest rate it can take over 30 years to get out of debt with the minimum payment scandal and over four times the original balance will be paid in interest alone.  Now you throw in the reality that the interest rate has now been raised these numbers substantially increase.  And the debtor may very well die before they wind up paying off their credit cards. 

Merge this minimum payment scheme with the issues our economy is experiencing and you have a recipe for financial devastation for millions of US citizens.  There is however a solution that has been aiding consumers and that solution is debt settlement, a program for saving cash and more importantly time. 

Debt settlement gives the debtor a possibility to get rid of credit card debt within a few years, instead of forty plus years.  Plus with credit card debt settlement consumers will be saving a boat load of money on what they currently owe towards the credit card companies.  This is tremendous for those debtors who are trapped real far in credit card debt right now and have been hit pretty hard by the crippled economy.  Debt settlement can offer these people a promise that one day their money predicament will get back on track and they can enjoy a much more joyous life.

It should honestly be everyone’s number one priority right now to escape this mountain of credit card debt.  No one should be left in such dire circumstances and lose everything they have struggled for their entire lives to the sketchy creditors.