What the Credit Associates TV commercial - Climb Out of Credit Card Debt is about.
Credit Associates is a company that helps people climb out of credit card debt, and they have a TV spot explaining what they do. The commercial is titled "Climb Out of Credit Card Debt" and it starts with a man sitting at a desk, visibly stressed and worried about his finances.
The man narrates his story and talks about how he was drowning in credit card debt and had no idea how to get out of it. He then discovered Credit Associates and decided to give them a call.
The man talks about how the representatives at Credit Associates were friendly and helpful. They explained their debt relief program which helps people to reduce their monthly payments, lower their interest rates, and eventually pay off their credit cards.
The commercial shows the man gradually feeling better and more optimistic about his situation. He's seen enjoying simple pleasures in life like going for a walk and having coffee with friends, and the voice-over narration emphasizes the idea of taking control of one's finances and getting back to enjoying life.
The TV spot also ends with a clear call-to-action inviting viewers to call Credit Associates for a free consultation. The whole message of the commercial is that there is hope for people who are struggling with credit card debt, and Credit Associates can help them climb out of it and start afresh.
Credit Associates TV commercial - Climb Out of Credit Card Debt produced for
Credit Associates
was first shown on television on August 30, 2021.
Frequently Asked Questions about credit associates tv spot, 'climb out of credit card debt'
Is CreditAssociates legit? CreditAssociates is a legitimate, professionally accredited company that has helped many clients settle debts. It develops a customized plan for each client and charges no upfront fees - you only pay once your debt is resolved.
That depends on what your credit looks like when you enrolled in our program. In general, if you do not make payments to your creditors according to the terms of your agreement with them, your credit will suffer while you work through and recover from your financial difficulties.
To reach a debt forgiveness or 'settlement agreement', you must negotiate with your credit card company and decide on a sum that you're able to pay. This figure must be paid immediately as a lump sum or over time across multiple smaller payments. Any remaining debt will be forgiven.
- Shield the Money From Reactive Spending. Debt repayment is ideally around 5 – 15 percent of your income.
- Stick to Your Budgeting Routine.
- Beef Up Your Emergency Savings Fund.
- Set New Short and Long-Term Goals.
- Put the Brakes on Any New Credit.
Working with a debt settlement company may lead to a creditor filing a debt collection lawsuit against you. Unless the debt settlement company settles all or most of your debts, the built-up penalties and fees on the unsettled debts may wipe out any savings the debt settlement company achieves on the debts it settles.
Credit card debt forgiveness is when some or all of a borrower's credit card debt is considered canceled and is no longer required to be paid. Credit card debt forgiveness is rare. Types of credit card debt forgiveness include a restructured debt settlement plan and bankruptcy.
It is always better to pay off your debt in full if possible. While settling an account won't damage your credit as much as not paying at all, a status of "settled" on your credit report is still considered negative.
The bottom line. At the end of the day, debt forgiveness can provide some major financial relief for those struggling with debt, but it can also lead to pricey tax bills. You'll want to carefully consider all of your debt management options to make sure debt forgiveness is the right option for your financial situation.
Stopping payment on a debt means you could face late fees and accruing interest. Additionally, just because a creditor agrees to lower the amount you owe doesn't mean you're free and clear on that particular debt. Forgiven debt could be considered taxable income on your federal taxes.
If you're talking about credit card debt, all you need to do is make minimum monthly payments. At a minimum payment of $200 a month at current interest rates, it will end up costing you $22,644.95 (in addition to the original $20,000!) to pay off all the debt, and it'll take you about 10 years to do it.
To pay off $10,000 in credit card debt, cut costs as much as you can, and put all your disposable income toward it. Lower your interest rate by getting a balance transfer card or a debt consolidation loan; if you can't qualify for those, call your card issuer and ask for a lower interest rate.
Ignoring Debt Collectors Will Hurt Your Credit
If an account is charged-off and goes to collections, it will show as a negative entry on your credit report, which can lower your credit score. Missed payments leading up to the charge-off will also be recorded and hurt your score.
