Los Angeles, CA -- (SBWIRE) -- 06/10/2015 -- Debt consolidation and credit card debt relief programs are being flocked to by a growing number of Americans today who wish to take advantage of the large number of varied services and initiatives which aim to help consumers lower their debt burden and get on with their lives. While hope springs eternal that better days are on the horizon, the simplicity and convenience with which a person can apply for a debt consolidation program has never been easier.
For consumers who find themselves saddled and financially burdened with unsecured personal debt such as credit card debt, department store cards, personal loans, private student loans, and hospital and medical bills a plethora of debt relief programs is available today that can help individuals and families in debt navigate their way out of the debt trap. These programs include the following:
Debt Consolidation - Though it can work in many ways, in its simplest form debt consolidation involves consolidating multiple debts into a single monthly payment through the taking out of a new loan. This reduces the number of bills a person has to juggle each month and can also result in a lower monthly debt payment as well. Some forms of debt consolidation can lower the interest rates paid on debt and extend payment terms, making the paying of bills much more affordable.
Debt Settlement - Also known as debt arbitration and debt negotiation, debt settlement is an aggressive approach to debt reduction in which the debtor and creditor agree to a settlement on a reduced balance that will be regarded as payment in full. The saving realized can be significant. Debt settlement can be a good solution for those with $10,000 or more in unsecured debt. Debt settlement can significantly reduce a person's debt and offer a low monthly program payment.
Credit Counseling – This debt management program is provided by various agencies across the country that work to help a person get back on the road toward financial stability, potentially boosting their credit score in the process. Credit counseling agencies can give a person advice on the smart use of credit, creating a budget, paying bills, smart money management and if necessary can set up a debt repayment plan with a person's creditors.
The good news is that debt relief is available today and is just a click away.
National Debt Relief Program offers a free debt analysis which can be taken advantage of at their website: http://www.nationaldebtreliefprogram.org/
Contact:
Jonathan Chase
310-994-3124
info@nationaldebtreliefprogram.org