Self Help Debt Settlement –2SettleMyDebt.com Provides a Solution to Creditors Not Working with Debt Settlement Companies

Scottsdale, AZ, August 04, 2009 --(PR.com)-- Self Help Debt Settlement website, www.2SettleMyDebt.com, created by a Credit and Collections insider, has recently been able to verify that several major creditors have implemented internal policies directed at combating Debt Settlement Companies and their sometimes unscrupulous tactics. Consumers who are seriously considering debt settlement should be aware of this new trend, before they hire a debt settlement company.

2SettleMyDebt.com has completed a redesigned their entire website to provide assistance to consumers contemplating debt settlement, as well, they have lowered the price for their "self help debt settlement" website from $139.95 to just $79.99. They believe this trend is good news for consumers who are savvy in basic negotiation strategy. By negotiating directly with creditors consumers will save money, if they understand how the debt negotiation process works. Utilizing a “Work with your creditors approach,” to self help debt settlement has always been the consumer’s best interest.

Consumers who have already hired a debt settlement company could be causing themselves additional expenses due to this trend. Since January 2009, two (2) of the top five (5) credit card issuers (Chase, Bank of America, Citi Bank, American Express and Capitol One) have already stopped dealing with debt settlement companies in general. Our sources indicate this trend does not mean that creditors are not willing to negotiate with consumers directly. This trend seems targeted specifically at debt settlement companies, due to that methods and tactics they utilize.

2SettleMyDebt.com provides their users with secure internet access to “user specific databases” and preformatted letters that assist individuals in negotiating directly with their creditors. Their website also provides the users to choose either debt reduction or debt settlement programs. Both programs are fully explained and facilitated by their Patent Pending method of debt negotiation.

Once a consumer signs up for our self help debt negotiation web based program, they have secure individual access to the databases, video tutorials, explanations of both the debt settlement and debt reduction methods. They also provide the users a complimentary copy of a "Do It Yourself Debt Settlement" eBook written by Madeline Lee. This eBook was written by a woman who researched debt settlement on the internet and then settled her debts without the use a debt settlement company. This saved her thousands of dollars because she was able to control the negotiations with her creditors.

DIY Debt settlement is not that difficult if consumers have the knowledge and the tools they need. 2SettleMyDeb.com provides their subscribers with both the knowledge and tools, as well as a step by step method to successfully negotiate directly with their creditors. To see a video demonstration of the process utilized visit http://www.2SettleMydebt.com for more information on their Patent Pending Method of debt reduction.

For additional information on the news that is the subject of this release

Contact:
Ian Stanton,
Director of Marketing

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