SOURCE: Total Debt Relief

Totaldebtrelief.net

April 16, 2010 13:00 ET

Where Can Consumers Find Credit Card Debt Relief? Total Debt Relief Explains Where to Look

DALLAS, TX--(Marketwire - April 16, 2010) -  For most Americans credit card debt has become a part of life. Many of them are beginning to wonder what professional help is available. Total Debt Relief reveals what programs are available and how to choose the right one.

Now that tax day has passed, a new financial year begins. After filing taxes, one sees exactly how much money they've made and gets a better perspective on their financial situation. For some it's a reminder of how much money they don't have. In most cases, the little money they do have is owed to the various debts they've accrued through this recession.

Fortunately, in some cases the government allows write offs and even refunds, but what about the credit card companies? What sort of debt relief options do they offer? Unfortunately, they offer very little. Luckily there are professional debt relief services that fight for the consumer. The two most popular debt relief services available today are bankruptcy and debt settlement. These programs have changed over time so it's important to understand how each one works.

Bankruptcy - This option is by far the most widely known, but also the most misunderstood. Declaring bankruptcy will resolve one's debt immediately and prevent further harassment from creditors. In order to declare bankruptcy a lawyer must be involved. In recent years bankruptcy laws have changed and have become harder to declare. After declaring bankruptcy one's credit will be affected for 10 years.

Debt settlement - This option is preferred by those who have high amounts of credit card debt and other unsecured debts. Debt settlement firms work with creditors to negotiate a consumer's debt. When successful, a settlement expert can negotiate a consumer's debt to half of the original amount. The program does not require a lawyer. Over the past decade debt settlement has become more effective and efficient. In 24 to 36 months a debtor can eliminate all of their credit card debt.

Most Settlement companies provide free consultations to see whether bankruptcy or debt settlement would work best for each individual's situation. They are also well versed on how various debt relief programs work and can point a consumer in the right direction.

Total Debt Relief provides a free debt evaluation to see what debt relief program works best for the consumer at:

www.totaldebtrelief.net

Contact Information

  • Contact:

    Rob Jones

    877-224-2950 ex. 7016