DebtWave Credit Counseling, Inc. Helps Over 2,000 People Pay Off Their Credit Card Debt in 2014 Through Its Debt Management Program
San Diego, CA (PRWEB) November 25, 2014 -- DebtWave Credit Counseling, Inc., a registered 501(c)(3) nonprofit organization that has been in business since 2001, is on pace to have over 2,600 consumer graduates from its debt management program in 2014. Through the 3rd quarter of 2014, more than 2,000 clients have completed their plan by paying off their credit card debt in full. The company expects another 600 clients to achieve this milestone by the end of the year, which will bring the total to approximately 2,600 graduates, surpassing the previous record of 2,264.
Most of these clients went through a credit counseling session with DebtWave in 2009 or 2010, which consisted of a thorough review of their liabilities, assets, expenses, and income. Clients with large credit card balances, high interest rates, and little disposable income were then presented with the opportunity to enroll in DebtWave’s debt management program.
For information on the DebtWave debt management program, please visit our website: http://www.debtwave.com/Services/debt-management-program.html
Some statistics about these clients include:
- The average total starting credit card debt was $24,728.
- Ten percent of these clients owed more than $50,000.
- The total combined debt paid off was $4.3 million.
- The average time to complete the program was 48.4 months.
- The quickest time to complete the program was 3.5 months.
“It’s quite an accomplishment to help just one person get out of debt,” says Michael Marsden, co-founder and director of operations of DebtWave Credit Counseling, Inc. “But to see about 200 people each month reach that ultimate destination of being credit card debt-free is an amazing feeling. It certainly means we are fulfilling our mission of delivering financial education and helping people manage their debt.”
DebtWave provides credit counseling sessions, student loan consolidation, and a financial education program. The company also participates in community outreach programs to educate high school and college students as well as military members and their families. The debt management program provides lower interest rates, reduced monthly payments, and consolidated payments. On average, program participants become debt-free in 3-5 years. To learn more about DebtWave and the credit counseling services available, visit http://www.debtwave.com/Services/credit-counseling-benefits.html.
About DebtWave Credit Counseling, Inc.:
DebtWave Credit Counseling, Inc. is a nonprofit, nationwide credit counseling agency that was established in 2001 with the mission of delivering debt management and financial education to the public. It is DebtWave’s passion to provide you with the best education and most appropriate programs to manage your debt. Because it is difficult to reduce debt, this company wants to make it simple by offering services that are both informative and practical. For more information, please visit http://www.debtwave.com or contact the company at info(at)debtwave(dot)com or 888-686-4040.
Melina Delis, DebtWave Credit Counseling, Inc., http://www.debtwave.com/, +1 858-292-2095, [email protected]
Share this article