SOURCE: Debt Management Services

DebtManagementServices.us

October 22, 2010 22:07 ET

Debt Management Plans and Programs Helping Many Lower Credit Card Debt

As Consumers Continue to Struggle With a Flatlined Economy, Debt Management Services Discusses Options for Credit Card Debt Relief

SAN FRANCISCO, CA--(Marketwire - October 22, 2010) - Working class America has been hit hard by the economic downturn. During this difficult time a personal debt crisis has begun to emerge. Yet despite the obstacles, many thousands of individuals and families today at any given time are effectively lowering and better managing their debt through the use of debt management plans, programs, services, and initiatives.

First, a review of the difficulties facing American consumers:

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.

Meanwhile, in its current annual report, the US Department of Agriculture stressed that some 50 million Americans were not able to afford enough food to stay healthy at some point in 2009. It also noted that one in eight adult Americans and one in four children now survive on government food stamps. These are unbelievable numbers for the world's richest nation.

Consumers are asking themselves today, "Are there jobs in my area?" "Is there mortgage relief for me?" "Do I qualify for debt relief?" Credit repair and mortgage refinance are also inquired about.

Yet personal debt does not need to be the cause for stress that it is when powerfully effective debt management programs exist which are both easy to apply for and qualify for. Unlike consolidation loan programs as offered by banks and lenders, the debt management plans offered by debt relief, debt management, and debt consolidation providers do not involve the taking out of loans or risking one's home equity.

Rather, today's debt management programs use negotiation tactics as the foundation of their efforts. In this manner, debt such as credit card debt and medical bills can be either settled for a significantly reduced amount, or in other cases interest rates, fees, and penalties can be reduced.

To learn more and get a free debt evaluation, please visit Debt Management Services at:

www.debtmanagementservices.us

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