SOURCE: Total Debt Relief

Totaldebtrelief.net

April 13, 2010 13:00 ET

More Consumers Are Turning to Credit Card Debt Relief Bailouts

MIAMI, FL--(Marketwire - April 13, 2010) -  As credit card debt turns into an epidemic in the U.S., consumers are beginning to seek out professional help. Totaldebtrelief.net explains what debt relief programs and companies are available.

Americans are starting to search for debt relief programs everywhere. According to Google, the term "debt relief" was searched 49,500 times on the internet in the month of March, 2010. Sadly, many of them have no idea where to find legitimate debt relief programs. As more and more people search, the risks of debt relief scams arise. It's imperative for consumers in search of debt relief to understand how such programs work and identify which companies to work with.

Debt consolidation and debt settlement are two programs that can help consumers with credit card debt relief. Here is how each program works:

Debt Consolidation -- A debt consolidation company will combine multiple debts into one. The debt consolidation company will then work to lower interest rates and extend payment cycles. These longer cycles will allow a consumer to have smaller payments over a longer period of time.

Debt Settlement -- A debt settlement firm works to negotiate debt on a consumer's behalf. With debt settlement, overall debt amounts can be reduced by up to 50%. Debt settlement companies have pre existing relations with various creditors and can work with them to lower a consumer's debt.

Unfortunately, some of these firms are not successful and only hurt consumers in the end. Knowing where to find the right program is one of the hardest steps in finding debt relief. Fortunately, most well established debt relief programs offer free debt evaluations. These evaluations provide consumers a chance to speak with debt specialists about their situation and learn about possible solutions.

Total Debt Relief helps consumers get connected with a debt relief specialist for a free evaluation at: www.totaldebtrelief.net

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