SOURCE: National Debt Relief Program

September 29, 2010 15:45 ET

Credit Card Debt Relief and Consolidation Programs Offer Greater Transparency

New FTC Rules Regulate Fee Structures, Disclosures

LOS ANGELES, CA--(Marketwire - September 29, 2010) -  Credit card debt relief and consolidation programs have entered a new era of transparency this week as new FTC rules take effect, making these programs safer and more convenient for consumers nationwide.

There is simply no denying the need for debt relief programs today in America as millions struggle to make ends meet, with personal debt and credit card debt a particularly bedeviling challenge for many. Since 2009, banks and card issuers have written off billions of dollars in credit card debt as losses from defaulting cardholders.

Stubbornly high unemployment, still higher underemployment, reduced working hours, salaries which have not kept pace with the higher costs of living, and declining home values have all combined to form the perfect debt storm the nation finds itself weathering today.

Where the federal government has failed in providing debt relief to the U.S. consumer, instead choosing to funnel trillions of taxpayer dollars to save so-called "too big to fail" Wall Street firms in opposition to national sentiment, credit card debt relief and consolidation firms have stepped up to the plate and have been providing much-needed services to aid needy individuals and families in their struggles with debt.

Taxpayers will undoubtedly make their voices heard at the voting booth in the coming mid-term elections.

Relief programs tend to fall into one of two categories: consolidation loan programs as offered by banks and lenders which typically require offering up one's home equity as collateral, a risky proposition denounced by many financial experts, and debt relief programs as offered by debt relief, credit counseling, and debt consolidation providers which use negotiation tactics as the foundation of their efforts.

The latter of these credit card debt relief and consolidation programs now operate under new government rules, making these initiatives safer, more transparent, and more convenient than ever to get started with.

National Debt Relief Program, a free private service connecting consumers with providers of debt relief services, offers a free debt analysis which can be taken advantage of at their website:

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