SOURCE: Total Debt Relief

February 22, 2010 11:57 ET

Credit Card Debt Relief and the New Credit CARD Act

With Consumers Finally Getting Some Relief From the Practices of the Credit Card Companies, Consumer Advocate Total Debt Relief Offers Consumers Relief Options From Credit Card Debt Itself

SAN FRANCISCO, CA--(Marketwire - February 22, 2010) - Credit card relief has arrived for consumers today in the form of the new credit CARD act signed into law last year by president Obama. The protections offered to consumers via the new law include a greater transparency and greater disclosure from credit card issuers regarding rates and fees.

But not all is rosy as it seems, and credit card debt relief programs are more in need today than ever before. Though the new credit CARD act bans arbitrary rate increases, the credit card issuers have been quick to raise fees across the board, whether a customer has been a good customer or not.

Could consumers expect anything else from the credit card companies?

Additionally, many credit card companies have adjusted their previous minimum monthly payments required of customer from 2% of the total balance owed to now 5% of the total balance owed. This has caused tremendous hardship for consumers with large balances, i.e. $10,000 or more. Consumer advocate Total Debt Relief wishes to educate consumers and businesses as to their credit card debt relief options.

While the credit CARD act certainly is good news, it doesn't offer any kind of debt relief to card holders. The good news is that there is an entire industry devoted to achieving credit card debt relief for consumers and businesses. These industry professionals are fully versed in the latest changes in the law and are highly skilled at obtaining much-needed debt relief for hard-working Americans.

One of the latest and most successful of these credit card debt relief programs is known as debt settlement. Here's how it works:

A debt settlement firm acts as an arbitrator between the consumer or business in debt and their creditors. In most cases, debt settlement can achieve debt elimination of 50% or more. This is debt that is negotiated away/forgiven and never needs to be repaid. This debt relief is achieved without the taking out of any kind of loan with bankruptcy.

Total Debt Relief offers consumers a free debt evaluation which can be taken advantage of at the company's website:

Contact Information

  • Contact:
    John Chase
    877-244-2950 x 7016