Chicago, IL (PRWEB) July 23, 2009
Totaldebtrelief.net is one of the leaders and pioneers in the debt settlement industry. They have helped thousands of consumers across the U.S.to get out of debt. Their financial pros educate consumers on all the options available to them to get out of debt, including new alternatives to bankruptcy. For far too long consumers have been inundated with television commercials from bankruptcy lawyers touting the so-called virtues of bankruptcy as the ideal way to get out of debt.
Nothing could be further from the truth.
The fact is that bankruptcy has staggering implications on one's life after filing. The stain of bankruptcy stays with consumers and on their credit reports for up to 10 years in some states, and bankruptcy itself is enough to bring a consumers credit score down to an all-time low. This makes such important life decisions such as buying a home or car, applying for credit, obtaining basic utilities, and even getting a job much more difficult.
Bankruptcy is not a consumer's only option.
Totaldebtrelief.net offers consumers alternatives to bankruptcy in the form of debt settlement, debt consolidation and credit counseling. Their goal is to help consumers determine the right course of action to take that will help them avoid filing for bankruptcy and get rid of credit card debt once and for all. The decision for consumers to reach out for help with debt is not one that's easy to make. Consumers were raised to "do the right thing". But with the current U.S. recession and mass job layoffs continuing, many people find themselves unable to make even their minimum monthly credit card payments. They struggle along while their creditors turn up the heat. And now they're at the point where the late fees, penalties and interest expense make it impossible to keep their heads above water.
But thanks to Totaldebtrelief.net consumers now have a real debt solution. Debt settlement is the fastest and least expensive way to get out of debt. Often referred to as debt negotiation or debt arbitration, debt settlement is a direct and ambitious approach to debt reduction. Creditors are increasingly willing to settle the balance of debt owed if the debtor is under financial hardship. Debt settlement is an excellent bankruptcy alternative, and in the creditor's eyes if the debtor is under financial hardship and chooses to file bankruptcy the creditor would receive nothing.
The debt management professionals at Totaldebtrelief.net working on the consumer's behalf take advantage of the leverage they have in this situation and routinely eliminate 30-50% of the debtor's unsecured debt. It's a win-win situation for both sides in the sense that the creditor is able to get some payment towards the balance owed, and the debtor slashes his outstanding debt and avoids the long and drawn out process of filing bankruptcy.
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