With all of these individuals in delinquent status, companies such as medical institutions, banks, and lenders all just want SOME sort of money so avoid losing the full amount! This is your opportunity!!! However, BE CAREFUL when choosing the correct debt settlement program because lots of them charge upfront fees. Financial Consulting Services has NO upfront fees and will give you a FREE debt settlement consultation! Fore more information, visit their website: Financial Consulting Services. They have debt consultants waiting for your call!! 1-877-386-3603

Credit debt is a huge problem facing this country. The typical American consumer these days has struggled with credit debt derived from medical bills, foreclosures, job loss, and pay cuts. While unemployment numbers skyrocket, so do bankruptcy percentages and foreclosures. Sure, the economy might be making a sluggish turn-around, but where does that leave you?

It probably leaves you wondering how you’re going to catch up and get out of debt. So, you’ve done some research online and looked at the different ways of getting out of debt. You’ve checked out debt loans and debt consolidation, debt counseling and debt settlement. How do you make your decision and chose the debt recovery path that’s right for you? It’s easy, chose the path and the company that is most affordable with the most reliability.

Let’s talk debt consolidation. So many will tell you that it’s the right way to get out of debt, but if you look a little farther you’ll see that they are the ones who stand to make the most off of you. Debt consolidation and debt consolidation loans involve ‘consolidating’ your debt problem into one giant, heaping mass of regrets. You’ll toss everything together into one interest rate, one payment, and one easy solution, right? Not so much.

Does it make sense to take out a loan, another loan and another line of credit, to get out of debt? Let’s take Susan, for example. Susan, who is completely fictional, was in credit debt of up to $50,000. This debt was spread across 5 credit cards, and she was drowning in the payments. Susan was only paying the minimum on each card, and was never going to get out of debt this way. So, Susan did a little research and saw that the internet was overflowing with debt consolidation information. She made her choice and made the call.

Her debt consolidation agent told her that she could take out a debt consolidation loan. The interest rate seemed high, and she wondered how she would make the payments, but her debt consolidation agent assured her that she’d only have one payment a month. No more of this struggling to keep up with 5 credit cards, because everything was going to be solved by consolidating into one loan.

It sounded too good to be true. In fact, she couldn’t afford to make the payments on the consolidation loan. She also couldn’t afford to make the monthly fees that were piling up from her debt consolidation company. No one had taken the time to show Susan how to spend responsibly, and she continued to use her credit while continuing to try and pay off her consolidation loan. She never learned financial responsibility, and fell deeper into debt with each passing month.

This is the reality for those who chose the path of debt consolidation. Many times, consumers who take out debt consolidation loans have no knowledge of how to change their spending habits and make those outrageous payments each month.
Let’s turn the talk to debt settlement. Choosing this path, and a reliable debt settlement company, you can feel assured that things will change. Not only will you have a debt settlement agent to speak to at every turn, you’ll have a debt negotiator who will work diligently to get you a decent settlement. Your debt settlement agent will help you to make the right decisions to change your spending habits, and since you won’t have any monthly payments it will be easy for you to become more financially responsible.

But, how do you chose the right debt settlement industry? Easy, all you have to do is look for those who are members of ACCORD or USOBA, for this means that they are required to adhere to strict guidelines that protect you, the consumer. Another tell-tale sign that you’re choosing the right debt settlement company is whether or not they charge any upfront fees. Many reliable debt settlement companies charge absolutely nothing upfront, and only require you to make a monthly deposit into your savings account for the final settlement.

I tell you what, if Susan had chosen debt settlement over debt consolidation, she would not have had to pay outrageous upfront fees, would not have been hit with hidden costs, and she would have been able to change her spending habits and get out of debt within a few short years. Debt settlement truly is the best option.

Want to know more about debt settlement? Give us a call today! 1-877-386-3603

The percentage of shoppers using credit cards is expected to fall 10.2% from last year, with 28.3% of consumers using credit this year, down from 31.5% a year earlier. Debit-card use is expected to rise, but these cards are less profitable for banks. (Wall Street Journal)

That poll was taken before the infamous Black Friday holiday. In another poll, conducted by Reuters, Back Friday shoppers did indeed use more cash this year. Only 26 percent of all shoppers interviewed actually used their credit card to make purchases.

Things are definitely turning around for the American consumer. It may be a slow turn-around, but consumers are becoming smarter and more financially responsible. The credit card numbers above only prove that point, and with that small number comes more fears for the credit card industry.

Credit card companies have taken some huge hits in the past year, and this is just another to add to the pile. With the Credit Card Act of 2009 about to take effect and limit credit card companies’ abilities to raise rates and charge ridiculous fees, that small percentage above means less revenue as well. With less people making purchases on their credit cards, that’s less money going to the credit card companies in way of usage fees.

Even the Fed has taken its stance against credit card companies by running ads to help consumers avoid any credit penalty fees. These ads are currently running ahead of movie trailers in metropolitan areas to remind consumers to be smart and financially responsible with their spending habits.

Hopefully you were able to avoid that plastic habit and use only cash or your debit card this year, but, as always, if you fear you might have gone too far on Black Friday, visit give us a call anytime and we’ll try to help you out!