Released on = August 1, 2006, 5:39 pm

Press Release Author = Credit Repair Guru

Industry = Financial

Press Release Summary = Over extended credit card consumers on the verge of
bankruptcy find a solution to their financial crisis using the power of debt
settlement programs.

Press Release Body = In today\'s unstable economic times, millions of Americans are
being forced to make a tough decision; feed the children or pay their credit card
debt. Of course, basic necessity comes before paying bills, so they put off their
debts and slip into a financial crisis. The late fees begin to pile sky high, the
phone starts to ring off the hook and letters begin arriving threatening legal
actions.

What began as just a few late payments quickly escalates into an economic
catastrophe. Unfortunately, this is where very costly mistakes are often made by
millions of households every year. They are desperate for a quick resolution to
their credit card debt problem, and act upon the first viable option presented to
them without fully exploring all of their alternatives.

Sadly, the first thing they do is call a consumer credit counselor who promptly
instructs them to consolidate their credit card debt to ease their financial strife.
The family is desperate for any kind of debt relief, so they hastily make the call
thinking they have made a smart decision by consolidating. But the reality is, they
are digging themselves in an even deeper hole by using a credit card debt
consolidation service.

Why, because a credit card debt consolidation service increases overall debt by
charging fees for their services and by extending the pay off date for the family\'s
credit card debt. Extending the pay off date increases the length of time interest
must be paid, and can cost thousands more than necessary.

Debt Settlement programs on the other hand, negotiate directly with creditors to cut
the actual balance of the credit card debt owed by the consumer. In most cases, they
can cut the balance by 50% or more. This significant cut to the bottom line saves
thousands of dollars and years off of the life of the credit card debt repayment
contract.

Debt settlement programs are focused around hardship circumstances. Consumers must
meet hardship qualifications such as illness, injury, divorce or loss of income to
be eligible. Debt settlement agents negotiate a reduced credit card debt payoff
balance based on your hardship situation. Creditors accept this offer to collect a
reduced balance because they are at least able to collect a portion of the debt
owed, rather than have to accept nothing if the consumer files bankruptcy.

Jennifer L. Wilson is an accomplished author and webmaster devoted to providing her
community with insightful debt solutions and credit repair tactics. Read the facts
about using the Power of Debt Settlement and see the astounding comparison figures
on a real- time $30,000 debt right now at CreditRepairGurus.com.

Web Site = http://creditrepairgurus.com/debt-settlement.htm

Contact Details = Jennifer L. Wilson
174 Jeepers Drive
Naples , 34112
$$country

239-784-7557
pressequalizer@yahoo.com
http://creditrepairgurus.com/debt-settlement.htm