I wanted to put together a short video that explained the benefits and requirements of debt settlement so it’s easy for anyone to understand,
Los Angeles, California (PRWEB) October 03, 2011
Economic woes and financial hardships have plagued the United States since approximately late 2008 and the recovery that was touted by some as imminent doesn’t seem to be coming to fruition. Millions of Americans are still unemployed and their bills keep piling up while they survive on a single income, unemployment insurance or welfare checks.
America’s voracious appetite for debt appears insatiable. From the federal government’s inability to balance its budget to, according to some calculations, the average American household credit card debt being nearly $16,000, it seems that we have become dependent on debt as a means to have now what we cannot afford. Unfortunately, many Americans have problems balancing their own budget and put themselves deeply into debt without weighing the consequences of their choices.
Regardless of how people got themselves into debt, whether by poor impulse control or merely being a victim of circumstance, the effects are essentially the same. Anxiety and depression are most commonly associated with large debt, as well as a sense of hopelessness and a dreadful feeling that paying it off is nearly impossible. Many people who find themselves at a crossroads with their debt feel their only option would be to file for bankruptcy. Though this solution may be appropriate for some people, there is another option that could potentially help in their specific situation. DebtSettlement.com is proud to announce that its informational video detailing the debt relief process has been published!
“I wanted to put together a short video that explained the benefits and requirements of debt settlement so it’s easy for anyone to understand,” said J.D. Roberts, editor of DebtSettlement.com. “The entire process can seem convoluted, so we made it as clear and concise as possible.”
For those seeking an option that avoids bankruptcy, debt settlement is a legal and viable approach to paying off debts and potentially having much of it forgiven. DebtSettlement.com prides itself in being a resource used by people to get their financial lives in order and to start down a path of fiscal responsibility.
DebtSettlement.com is a comprehensive resource informing consumers about debt settlement and debt relief options.