Technology has become such a large part of everyday life and through the Morgan Drexen automation provides attorneys are helping them to progress quickly and effortlessly in helping consumers reduce debt,” concludes Susan Muzila.
Costa Mesa, CA (PRWEB) September 13, 2011
2,500 families have reduced their unsecured debt with the aid of automated technology. As America’s national debt sits above $14 trillion consumers and congress is raising the debt ceiling by $2.4 trillion, American’s are becoming increasingly concerned. Across the nation American families are reducing their debts with the use of America’s legal system according to a recent report released by California-based Morgan Drexen.
Morgan Drexen provides integrated support systems to attorneys across America who work with consumers facing high levels of unsecured personal debt. In recent years Morgan Drexen supported attorneys have reduced more than $280 million in unsecured debt for their clients.
As of this week, 2500 families have successfully eliminated their engaged unsecured debt with the assistance of attorneys supported by Morgan Drexen.
Walter Ledda CEO of Morgan Drexen says, “Consumers no longer want to keep struggling with debt so they are taking action to reduce it. Using an attorney supported by Morgan Drexen helps keep down the legal costs as we provide automated legal systems that create a smoother and quicker workflow process.”
“Consumers understand the damage that bad credit can do when it comes to purchasing a new home or car and even obtaining employment. An individuals credit score is based on the history of borrowing and repaying debts,” adds David Walker Chief Financial Officer for Moran Drexen.
The Federal Trade Commission has set up an advice page for consumers advising on rights regarding credit repair. More information can be found on the Federal Trade Commission website.
Morgan Drexen supported attorneys attribute the success of the attorney-based debt resolution program to the automation provided by Morgan Drexen Integrated Systems (MDIS).
According to a report from CreditCards.com the national average rate for consumer credit cards is 14.9% with the average household holding approximately $15,799 in debt on credit cards.
Federal Reserve Statistics show that the second quarter of 2011 showed a 4.24 increase in consumer credit, compared to a 3.25 decrease for the same period in 2010.
“Technology has become such a large part of everyday life and through the Morgan Drexen automation provides attorneys are helping them to progress quickly and effortlessly in helping consumers reduce debt,” concludes Susan Muzila Director of Strategic Planning for Morgan Drexen.
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