As people acquire more and more debt, their financial foundation becomes unstable; requiring only a minor tremor to send the house of cards tumbling down. In the last quarter of 2003, credit card delinquencies rose considerably to 4.43 percent of accounts , according to a recent American Bankers Association bulletin. Bank card delinquencies also increased. It would seem that it has become even harder to get out of debt. Let MMI help you with a "get out of debt" plan you can stick to.

If you're trying to get out of debt, but find that more and more of your take-home pay is going toward debt payments, you aren't alone. The percentage of disposable income used to make debt payments is now near an all-time high. As a general rule, no more than 20 percent of your disposable income should go toward debt payments (not including your mortgage). Other clues that you are headed for trouble include borrowing from one credit card to pay another and maintaining balances at or near your limits. Making late payments is also a sure sign that you need help to get out of debt. Unfortunately, once late payments are made, a vicious cycle begins. A poor credit history, late fees and higher interest rates are just some of the penalties that can significantly compound any debt problem.

Contact us today and let us help you get out of debt, and into some peace of mind.