S&N Debt Settlement Research Shows Consumers Choose Debt Negotiation over Alternatives

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Consumer credit card debt is an important component of the American economy and the Fed has released its latest figures.

S&N Debt Settlement (S&N), after reviewing the 2014 Federal Reserve Statistics, acknowledges a growing burden of excessive credit card debt. The latest statistics indicate that Americans have charged nearly $855 billion* to credit cards and that amount seems to be rising.

S&N has asked these compelling questions: how much of this credit card debt can be repaid? And, how long will it take most Americans to repay their credit card debt?

The answer is astonishing, especially if a person pays the minimum due each month. Ready for this? How about decades, meaning 20 to 30 years to pay off the balance on a credit card if only the minimum is paid each month. But what about that minimum: are consumers actually being encouraged to pay the minimum amount each month by the companies that issue credit cards?

S&N’s experience indicates that consumers that pay only the minimum amount each month have been relegated to the category of the “working poor,” and they have very little knowledge about the amount of interest they will pay over the decades to come. The credit card issuers continue to make enticing offers that encourage people to acquire more debt. And like any addiction, it is the consumer who is chastised and often criminalized.

Many consumers—so frustrated and anxious about how high their credit card debt is—have all but given up. One action they can take is to declare bankruptcy, but the stigma of a bankruptcy, not to mention the cost, makes people avoid this option.

There is another course of action, called “debt negotiation and settlement,” which has become a popular choice with many people because it allows them to become debt free in 24 to 36 months.

Nicole Morgan, President of S&N Debt Solutions, said this, “The people who are really suffering through the credit card debt crisis are the ones who can only pay the minimum amount each month. Their lives are at a permanent standstill, because for many, they will never get out of debt. We fundamentally help consumers that are experiencing legitimate financial hardship.”

It is easy to blame those who have overspent on frivolous and unnecessary products and/or services. They certainly have violated some of the sacred laws of financial planning, but should they shoulder all of the responsibility?

Nicole Morgan explained how the program S&N offers stacks-up against bankruptcy or paying the minimum credit card amount for 20 to 30 years. Nicole said this: “The first option, bankruptcy, is certainly an alternative, but the legal costs can often be higher than expected. And the second option, paying over decades, is a form of indentured servitude to the credit card companies.”

Debt negotiation and settlement is a viable option for those whose credit card debt will essentially never go away. It may be the best decision in the end, but it takes commitment and discipline to go through the process.

Nicole Morgan also says: “If you think that going through our debt negotiation and settlement program is difficult, try going 20 to 30 years until your credit cards have a zero balance.”

In order to successfully complete the debt negotiation and settlement process, it is important that consumers choose a company that has a track record of actually settling debt and that no fees are earned until and unless debt is actually settled.

  • Federal Reserve Bank Statistics, Aug. 7, 2014


S&N Debt Solutions is one of the leading unsecured and credit card debt settlement companies in America. Since its inception, S&N has focused on providing its clients with an unparalleled program that allows individuals to pay-off unsecured and credit card balances for negotiated amounts, frequently 50% less than what they owe.

S&N’s mission is to help hard working Americans who have suffered during this financial crisis of high unemployment and lower wages to regain financial independence. http://debtsettlementnegotiations.com/

In addition, S&N is committed to educating their clients about budgeting, money management, and savings. S&N has produced a financial literacy section on their website that helps and motivates their clients to turn their financial lives around.

S&N offers a sound alternative to bankruptcy, debt consolidation and consumer credit counseling by providing programs and services that are both professional and compassionate.

S&N Debt Solutions is a for-profit, private company and is not affiliated with the credit reporting agencies or the credit industry. As a result, our services are unbiased and independent, which allows us to better serve the consumer. It is our goal to improve the quality of life for our clients. S&N is a supporting member of the American Fair Credit council.

Liberty Publishing has been providing cutting-edge content to financial institutions, financial advisors, CPAs, insurance professionals, real estate agents, and fee-only financial planners for over three decades. Our financial, economic, and tax content has become the standard by which all others are judged.

Liberty conceptualizes, researches, writes, and designs financial copy for dozens of newsletters, financial booklets, brochures, and reports for the nation’s major banks, insurance companies, and broker dealers.

Liberty takes all personalized communications from the drawing board through the final production process. The customer-focused teams assembled at Liberty represent a diverse group of professionals who offer the best of experience from their fields. Their expertise is in learning and understanding their clients’ needs, and then executing the specific actions that will meet or exceed their expectations.

Written by:
M. Jeffrey Rosen, CLU, ChFC
Liberty Publishing, Inc.
800-722-7270 ext 122


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Jeffrey Rosen
liberty Publishing, Inc.
+1 800-722-7270 Ext: 122
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