It's not a new thing... signing up over the Internet for that instant credit card and get it approved just as fast. You get the new card in your hot possession in less than 15 days, and sometimes in about a week.  Nevertheless, most  U.S. consumers are getting buried in debt.

President Obama is cracking down on misleading industry doings, and is behind the law 

hat would hinder the power of credit card companies to charge higher fees and interest rates on consumers and require greater revelation of terms. In fact, one bill requires anyone below 21 to get parental consent before getting a credit card.

Local news stations are attempting to assist consumers by running reports offering advice on how consumers can call the card companies and get their interest rates lowered. It may take a while and one can attempt to get factoring companies to help. However, until the rules are changed, another answer to aid consumers in getting out of credit card debt is to just pay down, or settle the cards with the highest interest rates.

Many of the advice are actually easy common sense rules including: Pay on time to avoid finance fines and late fees, ad pay off more than the minimum payment each month.  It's also good to develop a "monthly payment plan" with specific goals for your credit card debts. 

Employing single invoice factoring - you could pay off one of your cards every month. Invoice factoring is a sales transaction, not a loan. The factor is the person who is obligated for collecting on the debt. It is an opportunity to sell your outstanding bills to a factoring company, and you get an immediate cash payment in return - which can then be used to pay off credit card debt.

This does not reflect on your credit rating or credit score because it isn't a debt. In fact, the factoring company would not even look at YOUR credit score, only that of the client whose unpaid sales invoice it is that you are selling. Factoring is a good tool if your money is tied up by unpaid accounts.

On the subject of cash flow and upkeep of it, that is another challenge that hassles numerous owners of small scale businesses. One of the least understood alternatives for increasing cash flow is factoring. This one technique alone can help a business fulfill existing operational expenses, including payroll, materials, equipment, or even taxes. It can even be a quick way to fund your business' growth.

Though the factoring process sounds the same as undergoing a credit card transaction, the deviation rests in that it just processes business to business deals. A business (client) sells its accounts receivable to a factoring company (factor) instead of waiting for money from its client. This renders the cash turn-over time shorter, and loosens the cash flow. The factoring company will gather the total and whole amount due from the business's customers, and will earn their profit from that payment.