Debt Settlement "800-213-9968 Reduce Weight on Credit Card Debt Campaign" Rivals Bankruptcy With New Debt Negotiation Features and Lower Fees

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Most debt settlement companies require you to enroll a minimum debt of $10,000, which leaves people with lower debts, who need debt relief, out in the cold. In response, we once again decreased our $5,000 minimum debt requirement to $2,500

San Diego, CA (PRWEB) November 15, 2009

Peaking at 10.2%, the startling unemployment rate has exasperated Americans' struggles to keep up with credit card minimum payments. Because of the mounting job losses, there has also been a massive decline in credit card industry profits. In the third quarter of 2009, Bank of America Corp lost more than $2.2 billion, followed by Citigroup Inc., JPMorgan Chase & Co., and GE Capital, which lost 87% in profits. But some of the banks' credit card debt losses have produced big wins for Debt Free League clients.

Thanks to the company's "800-213-9968 Reduce Weight on Credit Card Debt Campaign", people with financial hardships that are buried in credit card debt from late fees, over-the-limit fees, universal default charges, and high annual percentage rates (APRs), can go on a successful path to avoid bankruptcy.

After joining the company's debt settlement program, delinquent cardholders, who were contemplating filing bankruptcy, have found refuge from creditor harassment.

Creditor harassment is a leading cause of bankruptcy.

Various debt settlement letters at the company's website bear proof that consumers can reach debt negotiation victories.

Within the exhibited settlement letters is a $24,902.94 legal claim on an American Express credit card account. However, Debt Free League settled the suit for $7,470.88 - a seventy percent savings.

The debt settlement savings negotiated by Debt Free League are a positive example of the debt settlement industry, which according to The Association of Settlement Companies, returned $2.2 billion of consumer debt to creditors in 2008.

The company's bankruptcy alternative has also stepped it up another notch offering more flexible program enrollment guidelines.

"Most debt settlement companies require you to enroll a minimum debt of $10,000, which leaves people with lower debts, who need debt relief, out in the cold. In response, we once again decreased our $5,000 minimum debt requirement to $2,500", declares Mark Anthony McIntosh, a debt negotiator of the firm.

At a time debt settlement companies are raising fees to survive the recession, the company also rolled back their fees.

Debt settlement companies typically charge a debt negotiation fee of 15% or greater of the client's total enrolled debt. However, the company's negotiation fee was lowered to 10%.

Mr. McIntosh adds, "We don't rip off consumers with ridiculously high fees because our interest is to earn a long-term client. Lowering our fees has made a substantial improvement in producing faster debt settlements. By going with us, more of a client's money is going toward personal settlement funds instead of the payment of fees."

The low fees have allowed many clients to be debt free below the 36-month industry average.

Debt Free League offers a debt settlement program that helps consumers and small business owners resolve financial hardships by negotiating settlements on personal, medical, and business debts. Free phone consultations are available by calling (800) 213-9968.
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