SOURCE: A New Horizon

A New Horizon

August 01, 2011 06:00 ET

A New Horizon Credit Counseling Continues Paying Clients to Get Out of Debt

Temporary Program, Originally Spurred by Concerns of a Sluggish Economic Recovery, Slated to Continue for One More Month due to Demand

FORT LAUDERDALE, FL--(Marketwire - Aug 1, 2011) - In early July, the nonprofit debt management firm A New Horizon Credit Counseling took unprecedented steps to alleviate consumer debt; citing concerns about the uptick in the national unemployment rate, it began enrolling clients for free -- and giving them $100 just for joining their debt management program.

The company, which is a nationwide nonprofit debt management organization, helps consumers with credit card debt by renegotiating interest rates and consolidating their high balances. In early July, citing recent disappointing economic indicators, the organization instituted its temporary "Win-Win Program," which allows clients to join for free and pays them $100 to begin their debt repayment when they enroll.

According to Stephen Marcus, president of A New Horizon Credit Counseling, the program was originally designed to run for one month. However, faced with a deluge of interested clients, the company plans to continue the program for an additional month. "We've had many new clients tell us how thrilled they were to receive not only the long-term benefits of our program, but immediate assistance with their bills in the form of the signing bonus of sorts," said Marcus. Marcus believes that his credit counseling organization is the first to offer such a program.

The firm, which also provides financial literacy education and community outreach, has experienced a surge in new consumers as most economic recovery indicators have stagnated. "People are really struggling just to make ends meet," said Marcus, "and we hope that this program can provide people with a clear path toward alleviating their debt burden." Experts note that nonprofit debt management can be helpful for people struggling to pay their bills, however caution that consumers should seek help before they find themselves in default.

A New Horizon Credit Counseling Services is a nonprofit credit counseling organization that has been helping consumers with debt consolidation since 1978. For more information about their programs, contact 1-800-556-1548. They can also be found on the web at http://www.anewhorizon.org, or reached via email at slieberman@anewhorizon.org

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