Credit News and Advice

Debt Settlement Emerges as New Option in War on Credit Card Debt

It’s no wonder so many people in credit card debt describe themselves as trapped. It often seems that the only ways out of debt are to simply stop paying or declare bankruptcy–both decisions which will create decades of legal and credit problems.

To make matters worse, hundreds of credit counseling and debt management companies have popped up saying they’ll help consumers out of debt but, in reality, do little but consolidate bills into one monthly payment and charge a hefty fee for the privilege.

Debt settlement is different

But a new player has joined the side of the indebted–a company called Credit Solutions of America.

Rather than simply offering credit counseling/debt management, Credit Solutions goes after your credit card companies and gets them to settle for as much as 50% of what you owe. They give you months to pay one sum that will wipe out your debt forever, meaning you can often get out of debt faster than you imagined. Debt settlement saves you thousands and helps you avoid bankruptcy.

Read more about how debt settlement works or get free information from Credit Solutions.