New York, NY (PRWEB) May 17, 2012
Debt management and credit counseling resource Debtconsolidation.com reports that its client base recently surpassed the 100,000-mark, thus effectively re-establishing its role as a primary provider of debt management solutions for consumers aiming to take control of their credit card obligations. The company has been successfully recommending reputable debt relief organizations to help clients experience freedom from unsecured debts for over a decade.
The announcement reinforces recent findings by the American Bankers Association (ABA) revealing that U.S. consumers have shown improved timely repayments on auto loans, credit cards, and other debts in the final quarter of 2011—the first time that it has happened since 2004.
With the economy of the United States still in a state of financial recovery from the recession, delinquency rates on the different consumer loan categories (11 in all) still remain high. However, ABA’s chief economist James Chessen has reported that in the fourth quarter of 2011, consumers showed a marked improvement from the prior quarter in terms of the ability to pay off their debts.
ABA also revealed that delinquencies in payments for credit cards provided by a bank fell to 3.17% from 3.25%. “The good news is that fewer people are losing their jobs and more people are becoming re-employed,” says Chessen in an April 2012 statement. “Those two factors combined means more people are better positioned to meet their debt obligations.”
The Federal Reserve Bank of Boston has found that 609.8 million credit cards are currently held by U.S. consumers, and there is an average credit card debt of $ 15,956 per household with credit card ownership. On a more personal level, incurring unsecured debts, whatever the cause may be, fixes an individual into a perpetually stressed state. Concerns about debts negatively affecting one’s credit history and leaving little in the way of savings lead consumers to seek effective solutions in managing their finances.
Debtconsolidation.com is poised to contribute to maintaining a lower delinquency rate among consumers and to assist clients seeking to restructure their financial foundation. The company recommends reputable debt relief organizations, the credentials and track records of which they have carefully reviewed themselves. These recommended providers, none of which charge upfront fees, work with clients and offer a credit card debt consolidation plan regardless of their credit history. Clients can select a payment plan to fit their budget.
“We are developing a ‘one-stop’ resource (website) designed to assist people in understanding their options as it relates to debt consolidation, debt settlement, and credit counseling. We offer debt consolidation services with the intention of helping you become debt free,” explains a Debtconsolidation.com representative.
Deciding on a debt management solution can be a challenge, especially since financial circumstances vary among different individuals. Consolidation through settlement may be the best way to reduce your unsecured debt within 24 to 48 months of starting a payment plan; credit card debt consolidation can help clients eliminate unsecured debts by 50% on average. “We’ll help you find the best course for your financial needs, build a customized debt relief plan, and avoid filing for bankruptcy,” adds the representative. “Whatever your financial needs may be, Debtconsolidation.com can help find your solution.”
Interested parties seeking more debt consolidation advice or a free debt consolidation quote can visit http://www.debtconsolidation.com.
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