How to Get Out of Debt - No More Solicitations

Individuals find themselves under a mountain of debt for a variety of reasons. It may be unexpected medical bills or expensive student loans that a person is having difficulty getting caught up on. Other individuals may have found that they purchase the house that they can no longer afford because of loss of income or some other circumstance out of their control. Unfortunately, many individuals find themselves struggling with that due to excessive credit card charges. The sad fact is that spending money using a credit card is easy and many individuals fail to use them responsibly.

It is easy to spend money using a credit card because it does not seem like real money. When an individual spends cash they actually see it leave their wallet and go into the register. Likewise, writing out a check means watching the balance is individual's checking account slowly disappear. With a credit card, an individual simply swipes their card to purchase items they may or may not need only to pay a minimum balance once the bill comes in the mail at the end of the month. This kind of disconnect between the money that is being spent in the money that is owed makes it easy to rack up extreme amounts of debt.

What makes credit card debt so dangerous is that an individual who is consistently making minimum payments is likely to receive dozens, if not hundreds, of credit card solicitations over the course of a single month. Simply filling out these offers and mailing them back to the company may provide an individual with even more credit cards to use allowing them to build up an even greater amount of debt. These credit card solicitations have been likened to waiting alcohol underneath the nose of an individual with a drinking problem.

Fortunately, there is an option for individuals who would like to eliminate the temptation that comes from these credit card solicitations. The Fair Credit Reporting Act of 1997 allows consumers to put an end to the unwanted solicitations that are constantly polluting their mailbox. An individual simply needs to contact any one of the three major credit bureaus and ask that their name be removed from prescreened offer lists. In addition to preventing unwanted solicitations from credit card companies, preventing these offers from being sent out in the first place and will also limit an individual's risk of having their identity stolen.