SOURCE: National Debt Relief Initiative

National Debt Relief Initiative

October 13, 2010 14:15 ET

Credit Card Debt Relief and Consolidation Offering Peace of Mind

With the Average Credit Card Debt per U.S. Household at Nearly $15,000 National Debt Relief Initiative Discusses Relief Solutions

LOS ANGELES, CA--(Marketwire - October 13, 2010) -  Credit card debt relief and consolidation programs continue to offer the peace of mind that goes along with lowering personal debt that has gotten out of control such as credit card debt and medical bills. These credit card debt relief and consolidation programs are needed now more than ever.

The following demonstrate the tough financial woes facing much of the nation today: According to one survey, 28% of U.S. households have at least one member that is looking for a full-time job. A recent Pew Research survey found that 55 percent of the U.S. labor force has experienced either unemployment, a pay decrease, a reduction in hours or an involuntary move to part-time work since the recession began.

There are 9.2 million Americans that are unemployed who are not receiving an unemployment insurance check. According to one analysis, the United States has lost 10.5 million jobs since 2007. According to RealtyTrac, a total of 1.65 million U.S. properties received foreclosure filings during the first half of 2010. Banks repossessed 269,962 U.S. homes during the second quarter of 2010, which was a new all-time record.

Lastly but certainly not least, the total U.S. consumer debt is $2.42 trillion, as of June 2010 (Source: Federal Reserve's G.19 report on consumer credit, August 2010). Credit card debt and skyrocketing out-of-pocket medical expenses are two of the biggest debt burdens facing Americans today. Yet help is available.

Credit card debt relief and consolidation programs, as offered today by debt relief, credit counseling and debt management providers offer powerfully effective programs that are proven to lower one's unsecured debt such as credit card debt and medical bills. By working directly with a person's creditors using negotiation tactics as the foundation of their efforts, these programs are helping many Americans today to lower their debt burden and get out of debt faster than they ever thought possible.

To learn more about debt relief and how to get started, please visit National Debt Relief Initiative at:

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