SOURCE: National Debt Relief Program

September 08, 2010 19:30 ET

National Debt Relief Program Discusses Credit Card Debt Consolidation

Though Millions Are Still Feeling the Effects of the Economic Downturn, Many Others Are Benefiting From Credit Card Debt Relief and Consolidation Programs

SAN FRANCISCO, CA--(Marketwire - September 8, 2010) - Credit card debt relief and consolidation is helping today as consumers cope with massive amounts of personal debt during this time of economic uncertainty. Collectively, the U.S. government, the state governments, corporate America and American consumers have accumulated the biggest mountain of debt in the history of the world. This massive debt binge has financed tremendous growth and prosperity over the last couple of decades, but now the day of reckoning has arrived.

Additionally, 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.

Meanwhile, the number of Americans who are filing for bankruptcy continues to rise. 1.41 million Americans filed for personal bankruptcy in 2009 -- a 32 percent increase over 2008. Much of these bankruptcies are caused by credit card debt. Relief and consolidation programs, as offered by debt relief, debt consolidation, and credit counseling providers, offer programs and services which can take a bite out of credit card debt. Some may offer credit repair services as well.

Credit Card Debt Relief and Consolidation 101

These credit card debt relief and consolidation programs offered by debt relief providers do not involve the taking out of loans or risking one's home equity, but rather these programs work directly with a person's creditors to negotiate either a reduction in credit card debt balances (and settle the accounts for the reduced amounts), or reduce interest rates and fees. Credit card debt is typically also consolidated into a single monthly program payment as part of these programs.

Upon completion of the program, the participant will have paid off their credit card debt, and realized a substantial savings in the process. Credit card debt relief and consolidation work fast, and are proven to be effective. To learn more about credit card debt relief and consolidation and how to get started, please visit National Debt Relief Program at:

Contact Information

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    Natalia Kobseva