Debt Settlement Coaching Program Helps Consumers with $100,000+ Credit Card Debt

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Individuals and small business owners burdened with huge credit card debt balances of $100,000 or more are turning to debt settlement coaching, negotiating their own settlements, and saving thousands on third-party negotiation fees.

There is no reason for someone who owes $100,000 to pay $15,000 in negotiation fees

Consumers and small business owners are negotiating with their creditors and settling their own debt obligations without the need for professional third-party assistance, according to, one of the nation's leading providers of self-help financial coaching for struggling consumers.

America’s economic recession has pushed millions of individuals toward bankruptcy with massive levels of debt. As small businesses fail and previously high-income households face the new jobless environment, credit card debt loads of $100,000 or more have become much more common. For people with such high debt balances, formal bankruptcy often means filing under Chapter 13, which can be a difficult five-year process that entails partial or full repayment of the debts. Debt settlement through creditor negotiation provides many of those debtors with a realistic alternative to bankruptcy.

According to Charles J. Phelan, founder and President of, consumers and small business owners can avoid Chapter 13 bankruptcy if they educate themselves about negotiating compromise solutions with their creditors. "Many of the people who come to us have very large debt balances, and none of the usual ‘one-size-fits-all’ debt solutions will work for them," Phelan says. "We teach people a process called Fast-Track Debt Settlement™. It has the most successful track record compared to any other approach to debt settlement."

Phelan recommends the “do-it-yourself with coaching” approach to debt negotiation and settlement because it gives consumers complete control over the process. Instead of paying thousands in fees to a professional firm, consumers can apply 100% of their available resources to eliminating problem debt. "There is no reason for someone who owes $100,000 to pay $15,000 in negotiation fees," Phelan says. “We’ve taught thousands of people how to settle their own debts, and it’s a much faster process without the stiff fees.”

For additional information on debt settlement coaching for high balance debtors, a free report is available for immediate download at


Charles J. Phelan has been helping consumers avoid bankruptcy since 1997. A former executive with one of the nation's first debt settlement firms, Phelan launched in 2004 to provide an affordable alternative to professional debt services.'s audio-CD training course is supported with personal one-on-one consultation and follow-up coaching, and the program successfully helps debt-challenged consumers achieve professional results for a small fraction of the usual cost.


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