Chicago, IL, August 05, 2009 --(PR.com
)-- Millions of consumers are hurting financially during the current economic recession and its mass job layoffs. Too many good Americans have suddenly found themselves unable to meet financial obligations, even struggling to make their minimum monthly credit card payments.
During the economic boom times of the not too distant past, credit card issuers made a full court press to get their credit cards into the hands of as many consumers as possible. Now with recent credit card legislation going into effect early next year, card issuers have begun raising rates and the minimum monthly payments on account holders across the board. This has caused a great hardship for many.
Totaldebtrelief.net's debt relief
programs have become the preferred method for reducing and eliminating debt. Unlike bankruptcy and all its negative and harsh implications, and debt consolidation which does not actually reduce the total amount owed, the debt settlement
professionals at Totaldebtrelief.net do in fact negotiate agressively on consumers behalves with their creditors to significantly lower the total amount owed - without the harsh consequences of filing for bankruptcy.
Bankruptcy should be considered only as a last resort. The effects of filing for Bankruptcy protection are long-lasting - up to 10 years in certain states. Recently the rules for filing Bankruptcy changed, and it is now harder than ever to wipe the slate clean.Totaldebtrelief.net
would like consumers to know that bankruptcy is not the solution. There are in fact viable alternatives to bankruptcy to reduce and eliminate personal debt once and for all. The company offers consumers a free debt evaluation with no obligation simply by filling out the form on their website - www.totaldebtrelief.net