CareOne Reports Strong 1st Quarter Results

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By settling over $206 million in debt, CareOne providers remain at the forefront of consumer advocacy in providing debt relief.

CareOne Debt Relief Services logo
These results are a testament to our unique business model. We are excited to see that all of our service offerings are so well received by consumers who are struggling with debt.

CareOne service providers continue as the largest brand of debt relief by announcing 2012 First Quarter results today. During the first quarter, CareOne providers settled $206.8 million dollars in debt for nearly 28,000 consumers on slightly more than 80,000 individual accounts. This translates to resolving more than $2.2 million in debt on a daily basis and over $95,000 in debt per hour resolved in the 1st Quarter alone. In addition, total Debt Under Management reached $2 billion.

These industry leading results are attributable to several key factors, but are primarily a reflection of CareOne’s singular ability to address the wide range of a consumer’s debt relief needs. In addition, CareOne kicked off a new multi-media marketing effort that acknowledges the ability to understand the needs of consumers in debt because the founder, Bernie Dancel, was once in debt, and has made a lifelong commitment to provide customized solutions to those in a similar situation.

CareOne demonstrates the ability to enhance servicing support for consumers through a technologically advanced and streamlined process, “DebtConnect”, which provides creditors real time ability to settle outstanding debt in a timely manner.

"These results are a testament to our unique business model. We are excited to see that all of our service offerings are so well received by consumers who are struggling with debt. We were pleased to be able to resolve twice as much debt as any other provider in the country”, said Bernie Dancel, founder of CareOne.

Dancel went on to say, “we are sensitive to the plight of the consumer and only collect fees associated with an individual’s debt when we have reached a settlement. In other words, we are not successful unless the customer is successful”.

CareOne negotiates with creditors to resolve debt on behalf of clients. In addition, CareOne has a Community of over 1 million individuals in similar situations that can answer questions and provide support. CareOne also offers a suite of free resource guides written to educate consumers about a range of topics including the challenges of selecting a debt relief provider and how to decide if debt relief is needed The goal is to make the service seamless and efficient for the consumer so that it is a positive experience.

CareOne providers represent the nation’s largest brand of debt relief services with over 5 million people helped to date. CareOne founder, Bernie Dancel, and many CareOne employees know what being in debt is like and are proud to offer a second chance to those struggling with debt. It is this foundation of shared experience that sets CareOne apart from the rest of the debt relief industry. CareOne knows what being in debt feels like, and more importantly, what it takes to get out. Visit CareOne at http://www.CareOneCredit.com for more information about the company and services.

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Suzanne Cramer

Suzanne Coblentz
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