Debt consolidation through settlement allows you to reduce your principal credit card balances instead of just seeking a lower interest rate. You do not need good credit to negotiate and settle with your creditors.
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New York (PRWEB) August 17, 2012
The United States Labor Department recently reported that 163,000 new jobs were generated by various employers in July 2012—the fastest pace in which jobs have been made available since February this same year—but the numbers have failed to drive down the unemployment rate. The jobless rate rose to 8.3% in July from 8.2% in June; this has been the 42nd straight month that the unemployment rate has exceeded 8%. With slow wage gains, the loss of job security, and debts continuing to pile up even as consumers struggle to lessen them, top debt relief resource Debt Consolidation USA revitalizes its services as the demand for debt relief help remains high.
Since the Great Recession officially ended three years ago in June 2009, the U.S. economy continues to struggle. The housing market collapsed and was followed soon after by the financial crisis, causing trillions of dollars in household wealth to be lost and credits to be frozen; home construction projects also came to a screeching halt. As American consumers attempt to slash their debts and set more money aside in savings, consumer spending has grown weak (an unfortunate effect, especially since consumer spending accounts for 70% of the nation's economic output).
There is a positive development in economic news, though; the U.S. Commerce Department presently reports that overall retail sales rose 0.8% from June to July, the highest jump in five months. Retail spending was found to have risen in every major category including electronics, sporting goods, building supplies, furniture, and garden equipment.
Consumers appear to be feeling more confident about the economy after demonstrating modest purchases throughout spring, but they must continue to take care to keep their spending in check to avoid accruing even more debts. Learning how to budget and save money may not be enough; hiring the services of reputable debt relief companies can help people stay on top of their finances once and for all—and that is where Debt Consolidation USA comes in.
Debt Consolidation USA is a top debt relief referral company providing credit card debt relief and management services. "We review websites and debt relief companies and recommend reputable professionals," says a company representative. "We recommend debt settlement for debt reduction, which is an excellent way to get debt relief with credit cards, but is not for everyone. Debt consolidation through settlement allows you to reduce your principal credit card balances instead of just seeking a lower interest rate. You do not need good credit to negotiate and settle with your creditors. You do not have to worry about qualifying for a consolidation loan with bad credit."
Debt settlement is the debt relief experts' solution of choice over other options like a debt management plan, a debt consolidation loan, and filing for bankruptcy which either fail to actually reduce a person's debt or create an unfavorable entry in his credit record for many years to come, disqualifying him from other forms of credit like mortgages or apartment rentals.
Debt Consolidation USA’s dedicated team of professionals has only one goal: to help consumers turn their lives around and get some much-needed bill relief. "It doesn’t matter how much unsecured debt you have," adds the representative. "We are there to help remove the worry, the stress, and get you out of credit card debt so you are on the path to financial recovery."