SOURCE: Total Debt Relief

March 11, 2010 12:39 ET

Credit Card Debt Relief Programs More Effective Than Ever

With This Being Consumer Protection Week, and a Weaker Than Expected Economic Recovery Underway, Consumer Advocate Explains Why Debt Relief Programs Are Thriving, and How to Get Started

CHICAGO, IL--(Marketwire - March 11, 2010) -  With a sovereign debt crisis beginning to emerge and spread in Europe, many are beginning to wonder if and when such a national debt crisis will strike the U.S. Yet at the consumer level, a debt crisis is underway and has been since the beginning of the recession, hence the need for credit card debt relief programs.

Consumer advocate Total Debt Relief explains how the modern day debt relief programs differ from debt relief programs of the past:

For much of the last 30 years, consumers and businesses that were being crushed under the weight of debt, particularly credit card debt, had only 2 debt relief options available to them: bankruptcy and debt consolidation/home equity loans. These programs had and continue have merit, they can be extremely risky endeavors to undertake.

Those seeking bankruptcy "protection" from credit card debt face harsh, negative consequences as a direct result of the filing. These include: the bankruptcy filing remaining on the filer's credit report for 10 years, and remaining on the public record even longer, the inability to obtain future credit, and being passed over for a job as a majority of companies now perform credit checks on job applicants.

Other credit card debt relief options of the past such as home equity loans were and are a gamble because if a consumer were unable to make their home equity loan payments down the road they would be at risk for losing their home. Consumers are advised to read the fine print.

One of the newest and most effective credit card debt relief programs available today is known as Debt Settlement. Using this program, consumers and businesses have collectively shed debt by the hundreds of millions of dollars in 2009 alone. In this program, a debt settlement firm will aggressively negotiate on behalf of the consumer or business in debt to reach a compromise settlement, which in most cases is a 50 percent reduction in the amount of debt that is owed.

Total Debt Relief offers consumers a free debt evaluation which can be taken advantage of at:

Contact Information

  • Contact:

    John Chase
    877-244-2590 x 7016