Q: Does having high debts have anything to do with race?
A: Unfortunately, race has nothing to do with it. People with extremely high debts come in all walks of life. From my lengthy financial experience, I can conclude that looseness from creditors may be one of the sources of increasing unaffordable debt. It used to be just credit cards but now, even private lenders have joined the game. From rates going well over 100%! Sometimes I ask what happened to the law of “Usury”? When did it stop becoming a crime and become respectable financing?
At the end of the day, it is the borrowers’ attitude about money that make them a victim to these types of loans. That’s why I say, race has nothing to do with it.
We have clients coming from different races. Filipinos mostly because that is our market. But we have attorney partners who refer their clients to us and they come from many different races. No one is exempt. Anyone who is strapped for cash will swipe that credit card or take out that loan out, even if it means the end of their world. It’s too easy that’s why.
So do we now blame the financers of these loans? Not at all! I am merely pointing out the fact that it is the need for money that will drive someone to borrow it. Some knowledge and respect for money will help keep us from high debts but in the end borrowing the money looks like a quick solution.
Ating lesson, Ang utang ay walang pinipili, pag ang tao ay nagipit, sa patalim ay kakapit!
If you need help in getting out of debt, call Debt Aid Consulting. We help with Credit Repair while and after your program. We do not use call centers which keeps your information safe. We have a new program that reconstruct debts for half of what you would pay our competitors. We also provide legal assistance that keeps collectors away. We take Federal Credit Unions, Payday loans and high interest personal loans in our program too. This is exclusively available for Debt Aid Consulting clients. None of our competitors provide this program. You are well protected.
We only provide Federal Trade Commission compliant programs. Debt relief companies who charge non refundable upfront fees are in violation of the ban. Go with Debt Aid Consulting!
Do not fall for marketing gimmicks saying that they have the right program for you. Most marketing companies only have one program and will enroll you in that program whether it fits you or not. So beware!
Ben Lou at your service! I have over 30 years of real financial experience. If you would like sound financial advice, call us at Debt Aid Consulting. We do not use call centers like Financial Rescue. No one has the right to put your information at risk. Say no to LLC corporations in Canada! Debt Aid Consulting is the first and only Filipino debt restructuring company incorporated in the US and Canada.
Now serving the Caribbean Islands!
Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.
Itama po natin ang mali!