Don't believe the above statement? Do you think we need sensationalism or are we telling the truth? Then continue reading below and learn about what terrible problems debt is really causing most Americans.

• The break up of families---over 70% of all marriages that end in divorce   are due to financial problems.
• The consequences of the break up families are causing more children to be   raised in single households with lower incomes resulting in more children and   families living in poverty.
• 75% of all Americans are 3 paychecks away from bankruptcy.
• Last year over 1.6 million Americans filed bankruptcy.
• Approximately 1.6 million will seek consumer credit counseling.
• 37 million will try to negotiate with their creditors on their own which is a big   mistake unless they have professional guidance or help.
• Over 71% of all credit card accounts have only the minimum monthly payments   being made by account holders.
• The average American has 8 credit cards with over $9,000 in debt on them.
• According to Jean Ann Fox, director of consumer protection for CFA. "Bank   'bounce' (overdrafts) that force consumers to pay triple-digit interest rates...are   payday loans without a contract or cost disclosures." This article goes on to say,   "A $100 overdraft with a $20 fee has an APR of 520% if the overdraft lasts two   weeks." From "The Consumer Federation of America," Article, August 6, 2004
• "Overdraft protection products are a deliberate, systemic attempt to hook   consumers onto a form of high cost credit, said Chi Chi Wu, Staff Attorney for   National Consumer Law Center." Article from, "Consumer Federation Of   America," January 28, 2003
• "Smaller institutions are more likely to market and promote their bounce   protection as a "courtesy" service, using programs marketed by bank industry   consultants, often in combination with "Free Checking"." This same article goes   on to say that in one year, 2003, smaller banks adopted this marketing strategy   of combining free checking with "courtesy overdraft." They went from 1,000 who   offered it at the beginning of the year to 3,000 by the end of the year.
• Last year banks made anywhere between 10 billion to 30 billion dollars in   overdraft and penalty fees. These fees are probably the largest factor in banks   offering "free checking" because they know they will make more off penalty fees   than off of monthly account fees.
* The new Bankruptcy Law takes effect October 17, 2005, making it extremely difficult for people to discharge their debt through personal bankruptcy. This law has been trying to pass for several years, and according to some consumer watch groups, this law was largely written by the credit card industry.
• Soon Credit Card companies will be raising and in some cases doubling your   monthly minimum payment. So if you are having problems now, soon your   problems will be doubled. Some experts suggest that this will largely go into   effect after October 17, 2005, the date at which the new bankruptcy law takes   effect.
• Do you know what Check 21 means? It means banks can now process your   checks electronically, thus killing your valuable float time and causing many   people to go into overdraft status quicker-banks get richer! According to   "Consumers Union," publisher of "Consumer Reports," a nonprofit organization,   " Échecks can clear in hours instead of days...by mid-2005, consumers could   be bouncing almost 7 million more checks and paying an additional $170 million   in fees each month."
• "An industry consultant points out that electronic transactions have contributed   to the doubling of overdraft volume in the last ten years and notes that   consumers are unable to respond fast enough on the deposit side of bank   account management to keep up with the faster velocity of transactions that   withdraw funds from accounts." Article from "Consumer Federation of America,"   June 9, 2005.
• "Banks decide the order in which withdrawals will be processed from accounts,   including electronic transactions, preauthorized debits and paper checks. The   order of processing withdrawals has a large impact on the frequency of   overdrafts and the cost to consumers with low balances. A bank that pays the   largest check first can cause more checks to bounce for low-balance customers   and can charge a penalty fee for each one." Article from "Consumer Federation   of America," June 9, 2005.
• Did you know that many of the credit counselors, which claim to be not-for-profit   companies, are actually set up by the very same credit card companies that you   owe money too. So, really, how objective are they?
• Did you know that debt is the most aggressively marketed product.  Can you think of any other product where 5.3 billion pieces of mail were sent out? Have you looked at commercials lately, some of the top ads are for   credit cards, followed by credit card counseling agencies.
• In 2001, Americans paid over $50 billion in finance charges to creditors.
• Approximately 50 million credit cards are issued each year.
• Consumers had $2.1 Trillion in outstanding debt at the end of 2004-this is up   5% from the previous year, up 9% for the year earlier-our consumer debt has   doubled in the last 10 years.
• Did you know that 69% of the people filing bankruptcy claim credit cards as the   reason.
• Did you know over 80% of graduating college students have credit card debt.
• USA Today reports that out of 100 people age 65, 97% of them can't write a   check for $600. Bankruptcy in this group is up 164%.
• Consumer Reports says "75% of the airline miles are never redeemed." This is   done as a psychological tactic to keep you from feeling buyer's remorse when   using a credit card or debit card

The solution is coming!

Please understand this, that, banks and credit card companies are public companies owned by shareholders and their industry must show profits for them to survive. Furthermore, they are under heavy scrutiny quarterly to show profits. So don't expect them to cut their own profits and to put your welfare above their concerns...it ain't gonna happen!

Therefore you must become more aware and conscious of what you are spending your money on. You must learn to track your spending and always be aware of what you have in your accounts. You must especially be aware of what you have in your debit card and credit card accounts.

Banks and credit card companies, are in large part, one and the same now, and they are both betting that most Americans will continue to create more and more debt. They know something about you that most of us don't know and have not realized yet. And that is, this secret..."You cannot manage what you can't see." A simple commonsense statement but it has profound consequences

You see, whenever you use plastic you are betting against the unseen, that you know exactly where you are financially at that given moment. But guess what, the banks and credit cards are winning this bet. The banks alone, made between 10 billion to 30 billion dollars off of overdraft and penalty fees last year. So who is winning the bet?

Did you ever notice how banks and casino's are alike? Well because they both issue you plastic money instead of real money because they both know that people will spend more with plastic money than they will with real money. So both of them distance you from the feel of real money. Studies show, that people will spend 12% to 18% more using plastic over cash.

On the other hand, do you see how they handle their money? The banks and the casinos don't ever let a penny be given or spent before counting it first and tracking it exactly, even to a tenth of a cent. They don't let their people hand out, give out, or return any money without counting it and tracking it first. They know that nothing takes the place of accountability with money...nothing.

In order for you to have some money you must first do what banks do and what the government does, and that is, count your money and never spend anything without first looking at your balance...never, never, never. This one step alone can cause you to be able to build wealth. All wealth accumulation has a defensive cornerstone, and that is, knowing what you have before you spend it.

The second cornerstone for building wealth, is not how much you make, but is how much you save. Again, the secret here is, practiced by our own government. You want to know how we became the richest country in the world. We instituted compulsory taxation. This means that the government counts your money first, and takes their money off the top. They don't even chance you being able to save and give it to them at the end of the year. No, they take there's off the top even before you get a chance to receive it. But the good news is, that you can and should do the same thing as the government.

You should pay yourself first...this is the other secret of wealth building. Take advantage of your 401K or other savings programs that allow you to save automatically without your involvement. If you don't have a 401K then talk to a financial counselor and let them tell you how you can arrange to begin automatic deposits into your own personal savings instruments. But by all means, pay yourself first, make it automatic, and put it outside of your reach so that you won't be tempted to spend it.

The solution is coming! The solution, remember, will allow you to see your money at all times before you spend it. Why, because "you can only manage what you can see." So a product solution will allow you to see all of your money, from all of your accounts, before you spend it. Especially, plastic money, like debit cards and credit cards. Our motto, is, if it's plastic then track it.

Remember the only way to manage your money is to keep your money real, by knowing what you have in all your accounts, including your credit card accounts, at all times. You keep your money real by watching it as it spends down not by guessing at it...that is a recipe for overdrafts and over the limit penalty fees where banks get rich off of you.

Instead of making banks rich, enrich yourselves, by paying yourself first and automating this habit to work for you, regardless of how you feel. The secret to enriching yourself is to automate what you are putting away in your savings. So the ideal product would have a way to help you to save automatically and as above to help you track all of your income balances and all of your expenditures.

The solution is, the Debit Tracker, and it is coming soon. It will provide you with the two most important cornerstones to wealth building...tracking and paying yourself first