If U.S. consumers recently lost 30-50% of their personal wealth, while consumer credit card debt has remained steady at just under 1 trillion, you can see that the ratio of credit card debt to personal wealth HAS GONE UP BY a significant amount in just the past few years, even though consumers have not increased their credit card debts!
Introducing the AlexLOGIC consumer credit paydown card! A 2.9% interest rate on existing credit card debt. 2.5% monthly minimum payment, 40% of what you pay down each month can be used for new purchases. Your AlexLOGIC card naturally reduces its credit line each month while also crediting you back 40% of the principle that you paid off to respend if necessary.
However, the consumer cannot be running up more bills on other credit cards, that is the key, so a consumer would have to convert all of their credit card debt to an AlexLOGIC credit card and than not have any other cards.