Credit Card Debt Vexes Consumers But Debt Relief is Possible: Totaldebtrelief.net

Chicago, IL, September 30, 2009 --(PR.com)-- The economic indicators continue to slowly rise and show signs of an improving economy. Purchases of new homes have risen for the 5th consecutive month and consumer confidence and optimism is also beginning to rebound. Yet for millions of U.S. consumers who are dealing with the issue of credit card debt in their lives, a storm continues to brew.

Credit Card Debt

Unsecured debt in the form of credit card debt vexes entire swaths of society and millions of individuals and families are in need of and seeking out credit card debt relief. The questions they raise include – Is credit card debt relief possible? Does debt consolidation work? What about bankruptcy?

Totaldebtrelief.net announces the good news that debt relief is indeed possible today. Reducing and eliminating credit card debt is the new reality for those who are willing to investigate their options and reach out for help.

Debt Relief

The multitude of programs and services available to reduce and eliminate credit card debt include programs that have been around seemingly forever, as well as those newer programs which are having much success and gaining wide media attention lately. Consumers have access to the following programs today:

Debt Settlement – The newest program being spoken of and recommended in financial circles. This program achieves its aim of debt reduction and debt elimination through the use of a debt settlement firm negotiating with the consumer’s creditors to gain concessions in the total amount of debt that is owed. A debt settlement program can easily achieve an astonishing reduction in credit card debt and other unsecured debt of 50%. And reductions of as much as 75% are common as well.

Debt Consolidation – This widely known program is more of a debt management program than debt reduction. It helps the consumer with a lower total monthly debt payment. This is achieved through consolidating existing loan payments into a single lower monthly payment. This can be facilitated through lower interest rates and/or a secured loan, typically a home equity loan.

Consumer credit counseling – This program can be beneficial for those consumers who are not well on their way towards sliding down the slippery slope of credit card debt. This program achieves the goal of debt management with the help of credit counselors who are able to examine the consumer’s personal finances and expertly craft a strategy of better bill management and money management. The creation of a monthly personal or household budget is key.

Totaldebtrelief.net offers consumers a free debt evaluation which they can take advantage of at: www.totaldebtrelief.net/

Totaldebtrelief.net has been a leader in the debt relief field for over 5 years. Their debt management professionals educate consumers on all the options available to get out of debt. Totaldebtrelief.net helps consumers make the most informed decision possible so that they may get their financial lives back on track.

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