Debt Relief Eliminating Consumer Credit Card Debt Nationwide

2010-02-04 04:55:15 (GMT) (WiredPRNews.com - Business, Press Releases)

San Francisco, CA (WiredPRNews.com) - It almost could not have been scripted better in Hollywood: consumers that have been struggling with and at the ends of their collective ropes because of unbearable amounts of credit card debt are now being offered debt relief by banks and credit card companies.

For a credit card customer in San Jose recently, his credit card company was proposed a 50 percent settlement on his delinquent account of $5,486 and the account representative accepted the deal on the spot, without even speaking to a supervisor. Such is typically the case these days.

Debt relief has seemingly sprung up from grassroots to become one of the greatest financial services available to consumers today. Credit card companies and banks that at one time were loath to even consider debt relief for their account holders are now embracing debt relief as a means for them to recoup some account balances owed to them rather than have consumers file for bankruptcy protection, in which case the banks and credit card issuers stand to receive nothing.

And let us be clear about something: bankruptcy is almost never a good option for debt relief to begin with. It causes credit scores to plummet dramatically and makes obtaining future credit impossible. If that were not bad enough, consider being required to pay deposits for utilities such as water, gas, electricity, internet, cable TV, and phone - both home and cell. Undoubtedly, there are better credit card debt relief options available to consumers than bankruptcy today.

Debt settlement is one program of note that has been particularly covered in the media lately. In this debt relief program, a debt settlement firm acts as an arbitrator between the consumer and the consumer’s creditors. Through debt settlement, consumers are able to receive debt elimination of 50 percent or more in almost all cases. This debt relief is achieved without the need for taking out any kind of new loan - and without the need for a bankruptcy filing.

Debt relief is quick, effective and has already helped thousands of consumers save enormous sums of money. To learn more about debt relief and get a free debt evaluation, please visit:

www.debtrelief.bz/