Los Angeles, CA, March 27, 2018 --(PR.com
)-- Debt relief and credit card debt consolidation programs are becoming increasingly sought after by Americans today as consumer debt is at an all-time high. Clearly, debt has got many people down. Whether a person's debt dilemma is the result of an illness, unemployment, or simply overspending, it can seem overwhelming. Fortunately, professional help with debt is available.
According to The Federal Reserve Bank of New York, U.S. household debt totaled $13 trillion at the end of 2017, with credit card debt balances increasing by $24 billion, and 4.6% of that credit card debt standing at 90+ days delinquent. While it's normal to feel overwhelmed by the burden of credit card debt, the U.S. debt relief industry has effective debt solutions. These include the following:
Debt Settlement -- Debt settlement companies, also sometimes called “debt relief” or “debt resolution” companies, negotiate with a person's creditors in order to reach an agreed upon settlement for the outstanding debt that is much less that the original amount owed. The savings can be significant.
Credit Counseling -- Credit counseling organizations can advise a person on their money and debts, help with formulating a household budget, and offer money management workshops. Credit counselors can also organize a “debt management plan” to pay down personal debts.
Debt Consolidation -- Debt consolidation is a form of debt refinancing that cam entail taking out one loan to pay off many others. The process can secure a lower overall interest rate to the entire debt and provide the convenience of servicing only one loan.
All of these debt relief programs involve personal discipline and there is no one size fits all debt solution. The good news is that debt relief is possible and may be just a click away.
National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website: