SOURCE: Total Debt Relief

December 29, 2010 15:00 ET

Consumers Finding Credit Card Debt Relief in the New Year With Newly Revised Debt Relief Programs

With the Coming New Year Americans Are Starting to Find Relief With the Newly FTC Revised Debt Settlement Programs; Total Debt Relief Reveals How These Revised Programs Are Working Better Than Ever Before

LOS ANGELES, CA--(Marketwire - December 29, 2010) - Things are starting to look up financially this coming New Year for those struggling with credit cards and other personal debts. With the New Year comes new beginnings and the same holds true with the debt relief industry. 2010 created quite a stir regarding consumer debts when new laws were set in place affecting the debt relief industry. Over the past few years there was an increasing trend in fraudulent debt elimination scams hurting consumers in debt creating financial peril for their finances.

In response, The Federal Trade Commission spent 2010 revising the debt relief industry by regulating debt settlement companies. Now in the coming New Year, consumers with high amounts of credit card debt and other unsecured debts can qualify for a safer more secure debt relief program.

If accepted in the settlement program, a consumer can eliminate a significant portion of their unsecured debts through a legally approved settlement process. Under the new laws, a settlement company can no longer collect upfront fees for clients enrolled in their program.

In this newly revised program, a debt settlement agent talks with creditors on behalf of clients looking to reduce their overall debts. Agents then negotiate with major creditors in order to lower debts owed and organize an efficient payment schedule whereby the consumer can be out of debt in as little as 2 years or less depending on their financial situation.

Total Debt Relief offers consumers a free debt evaluation at their company website:

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