SOURCE: Total Debt Relief

January 07, 2010 16:11 ET

Post Holiday Credit Card Debt Relief Possible:

As Many Consumers Come to Grips With Overspending During the Holiday Shopping Season, Consumer Advocate Advises Solutions

CHICAGO, IL--(Marketwire - January 7, 2010) - "Ho Ho Ho!" is what Santa says during the Christmas shopping season, but when consumers begin receiving their post holiday credit card bills they could be saying something a little bit different, perhaps "Ho Ho No!"

Thankfully, the Thanksgiving/Christmas/New Year's holidays only occur once a year. But during this time it is all too common for consumers to rack up mountains of credit card debt all in the name of the Christmas spirit. Consumer advocate would like to announce credit card debt relief solutions which consumers have available to them.

During these trying economic times, the bankruptcy lawyers are all over the airwaves spouting the so-called virtues of bankruptcy as a supposed means to a fresh financial start. But warns: consumer beware. Bankruptcy tends to brings with it a host of unintended consequences that consumers need to be aware of.

First and foremost, as was recently revealed by FICO, the consumer who files for bankruptcy can expect their credit score to immediately drop by up to 260 points. This will severely and adversely affect the consumer when they need future credit, and when they need to order future home utilities such as gas, electric, home and mobile phone, water, etc.

Additionally the specter of a bankruptcy filing will come back to haunt consumers when they need to rent an apartment and when they apply for a job. Therefore, bankruptcy is something that should only be considered as a last resort. In general, consumers should avoid bankruptcy.

But there are other credit card debt relief options available to consumers which are highly effective and without all the harmful consequences of a bankruptcy filing. Chief among these is debt settlement. This program works by a debt settlement firm negotiating on behalf of the consumer in debt with the consumer's creditors in order to achieve concessions in the amount of debt that is owed.

In most cases, debt settlement can achieve debt reduction and debt elimination in the amount of 50 percent, with debt reduction in the amount of 70% even possible.

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

Contact Information

  • Contact:

    John Chase
    877-224-2950 x 7016