SOURCE: Think Debt Relief

December 18, 2008 09:10 ET

New Program From Think Debt Relief Offers Help for Those Struggling With Debt

PHOENIX, AZ--(Marketwire - December 18, 2008) - With the holidays approaching, as the unemployment rate soars to the highest level in over a decade and the economy limps its way through the current recession, consumers struggling to meet minimum credit card payments may be able to get the help they need from a new consumer debt relief program offered by Think Debt Relief.

The new debt settlement program from Think Debt Relief is designed to help consumers with $10,000 or more in unsecured debts settle those debts in as little as 12 months for as much as 50 percent less than the amount they currently owe.

Unsecured debts are those debts that aren't tied to any collateral -- credit card lines, medical bills, deficiency balances from repossessions, and accounts with collection agencies. Secured debts like mortgages, home equity loans, and car loans may not be included in the debt settlement program.

The Think Debt Relief debt settlement program provides consumers with an alternative to debt consolidation, which could involve even longer-term debt with years of costly interest charges. Unlike debt consolidation, debt settlement doesn't require that a borrower take out yet another loan to settle outstanding debts.

Debt settlement also allows consumers to settle their debts without having to declare bankruptcy, which can make it difficult for them to qualify for a home loan, an apartment, lines of credit, sometimes even employment for years afterwards.

Qualifying customers can enroll in Think Debt Relief's debt settlement program even if they're already behind on their monthly bill payments or in collections, and there's no minimum credit score required to enroll.

Anyone interested in the Think Debt Relief program can receive a free initial no-obligation consultation with one of the company's professional debt consultants. Borrowers researching their debt reduction options for settling their outstanding credit card debts and medical bills can visit the Think Debt Relief website, www.ThinkDebtRelief.com, or call toll-free at (877) 637-1966.

About Think Debt Relief

Think Debt Relief is a professionally certified debt relief agency dedicated to helping Americans get out of debt as quickly, affordably, and easily as possible without having to declare bankruptcy. Think Debt Relief offers credit counseling services, mortgage loan modification, and a debt settlement program that serves as an alternative to long-term and costly debt consolidation plans.