CareOne Reports Strong First Half 2012 Results

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By settling over $400 million in debt, CareOne providers remain industry leaders in debt relief product performance and process innovation.

It is this feedback from our customers that allows us to improve our service and product offering to position CareOne as the solution to their ever changing needs.

CareOne service providers continue as the largest brand of debt relief by announcing 2012 First Half results today. During the first half, CareOne providers settled nearly $410 million dollars in debt for over 55,000 consumers on 160,000 individual accounts. This translates to resolving almost $2.3 million in debt on a daily basis and over $96,000 in debt per hour resolved in the 1st Half of 2012 alone. In addition, total Debt Under Management was almost $2 billion. This kind of growth heralds the success of recent settlement processing improvements as well as the proficiency of the proprietary “DebtConnect Online” system.

CareOne has dedicated considerable resources to establishing a more efficient creditor negotiation process which led in part to the increase. In addition, by offering more products and options to consumers to resolve their debt, CareOne continues to stress the importance of matching the client with the right debt solution for their situation while distinguishing itself as the nation’s leading provider of debt relief services. “We cultivate the relationships with our clients so as to utilize them as a continuous customer feedback panel. It is this feedback from our customers that allows us to improve our service and product offering to position CareOne as the solution to their ever changing needs,” said Mark Westerman, Chief Marketing Officer for CareOne.

CareOne also has a community of over 1 million individuals where we can answer questions, provide free resource guides on a number of debt relief topics designed to educate and empower our followers and put them on a path where they are in control of their financial destiny. Resource guides cover topics ranging from “How to Select a Debt Relief Provider” to “How to Decide if Debt Relief is Necessary” to counsel on “Student Loans”. The goal is to make our service seamless and efficient for the consumer and more importantly, a positive experience.

"Through the hard work of our employees and customers we have had the privilege of helping hundreds of thousands of people begin their journey out of debt in the first half of 2012. We are once again pleased to be able to resolve twice as much debt as any other provider in the country”, said Bernie Dancel, founder of CareOne.

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

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