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How To Get Out Of Credit Card Debt If you're like the average person, let me warn you ahead of time about what I'm going to reveal in the next few paragraphs. You may be angry after you finish reading this article about how you've been misled in the use of credit card debt. The American economy is designed to make you work yourself to the point of exhaustion, only to build wealth for those very same companies you work yourself to death for - not for YOU! The most eye-opening example of this is with consumer debt. For example, if you purchase your home with a conventional mortgage, you'll pay about THREE TIMES the amount over the life of the loan. Think about it this way. It's like taking your monthly mortgage payment and tripling it, then sending it off to the bank. This is how much you will eventually pay back for the privilege of using their money. So you can see how two-thirds of the total amount you'll pay your mortgage company is primarily INTEREST payments. Interest is pure profit for the mortgage companies and a detriment to your financial well-being. Ask yourself a serious question - does the Bank deserve to get so much of your hard earned money? Do you think that they are doing such an outstanding job that they should be compensated so well? This simply means that when you come home from a hard day at work, you've just contributed to your bank or mortgage company's bottom line - not yours. THIS IS YOUR MONEY!
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