Released on: November 7, 2007, 10:14 pm

Press Release Author: http://www.creditorsdebt.com/contact.htm

Industry: Marketing

Press Release Summary: Statistics show that 35% of Europeans have some form of debt,
most of them for a home loan. It is common knowledge amongst bankers that most
people do not know how to handle their loan account well and end up paying thousands
in unnecessary interest. Banks are making millions in profit because Europeans are
unable to take proper care of their Loan Accounts.

Press Release Body: Gordon Gecko is an American consultant who is now in Europe and
he is advocating the use of Debt Consolidation. This is a totally new concept for
Europe. Many people in Europe are paying a house loan, car loan, another loan for
appliances and credit card payments. "This is ridiculous" says Gordon Gecko "By
utilizing debt consolidation one may take out one loan to pay off many others. This
has the added advantage of securing a lower interest rates, and a fixed interest
rate whilst conveniently dealing with only one loan agency" he continued.

Gordon Gecko is the author of "How I Live Debt Free" a top selling book in the
United States. Now Mr. Gecko has decided to put his book online and anyone can read
it for free at www.creditorsdebt.com

The total interest and the total cash flow paid towards the debts is lower thus
allowing the loans to be paid off sooner, incurring less interest. Debt
consolidation is also advisable when someone is paying credit card debt. Since most
European Credit cards can carry a much larger interest rate than even an unsecured
loan from a bank. In foreign countries some unscrupulous lenders wait till people
are way behind on the payments and they repossess their homes. Although Gordon
Gecko said that in Europe Banks are rather helpful and they never reposes a house
since they insist on insurance one should not be careless in his payments as
penalties and interest rates may sometimes mean that a person taking out a loan ends
up paying thousands more.

Gordon Gecko is touring Europe to help people erase your debt. He is inviting anyone
interested to visit his website www.creditorsdebt.com and to try his methods for
free. The tips are in the form of easy to use articles and anyone may also use
email to contact Gordon Gecko. For more information please visit
http://www.creditorsdebt.com


Web Site: http://www.creditorsdebt.com

Contact Details: Gordon Gecko is an American consultant who is touring the world and
advocating the use of Debt Consolidation. This is a totally new concept for most
people. Many individuals and companies are paying a house loan, car loan, another
loan for appliances and credit card payments. "This is ridiculous" says Gordon Gecko
"By utilizing debt consolidation one may take out one loan to pay off many others.
This has the added advantage of securing a lower interest rates, and a fixed
interest rate whilst conveniently dealing with only one loan agency" Gordon said in
a recent interview with a major international financial magazine