Hoffman Estates, IL (Profitable.com) In honor of the Black Friday…
CHICAGO, IL (Profitable.com) Credit card debt relief and consolidation continue to be one bright spot in an otherwise flat economy. These programs and services are proving to be helpful for many Americans who find themselves struggling with debt such as that from credit card debt and medical bills. We offer resources to get started at the end of this story.
Debt consolidation and debt relief programs of all types are in great demand today. The reasons are clear: it’s the economy. Unemployment and underemployment remain at stubbornly high levels. Many today find it necessary to use credit cards to make ends meet each month, even finding it necessary to use one credit card to pay another credit bill each month, or using many credit cards in this way. Skyrocketing out of pocket medical expenses also have contributed to the financial hardships being felt by many today.
Yet when it comes to the issue of how to best deal with and address debt, consumers as well as small businesses have a number of options available to them, much more so than in times past. These debt relief programs include the following:
Debt Negotiation — this type of debt relief program has been much in the news lately. One of the newer and more popular credit card debt relief and consolidation programs in recent years, it involves a debt negotiation provider working on behalf of the person or business in debt with their creditors through processes of negotiation to settle outstanding accounts for significantly reduced amounts.
“As they confront unprecedented numbers of troubled customers, credit card companies are increasingly doing something they have historically scorned: settling delinquent accounts for substantially less than the amount owed.” — New York Times
Consolidation Loans — offered by banks and other lenders, these types of debt consolidation programs consolidate debt using a new loan to pay off other loans and other debt. Home equity is often used as collateral for these types of credit card debt relief programs.
National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website: