Totaldebtrelief.net Explains Credit Card Debt Elimination Through Debt Settlement

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As an epidemic of consumer credit card debt has caused personal bankruptcy filings to soar this year, consumer advocate Totaldebtrelief.net explains how debt settlement can both significantly reduce and eliminate credit card debt without the harsh consequences of bankruptcy.

Totaldebtrelief.net

Mounting job layoffs, a tightened credit market, sinking home values, and huge amounts of credit card debt have been causing much stress and distress among U.S. consumers from north to south, east to west, and all point in between. While there are bright spots in the country which continue to have a low unemployment rate, consumers for the most part have had much to cope with in recent times.

As consumers are feeling seemingly cornered with their backs up against the wall when it comes to credit card debt in particular, many have mistakenly turned to bankruptcy as a means to stop the harassing phone calls of collection agencies and even more so as a fruitless attempt to ward off a home foreclosure. Totaldebtrelief.net today advises consumers of the one debt relief program in particular which stands head and shoulders above bankruptcy when it comes to reducing and eliminating credit card debt, and that program is known as debt settlement.

The program has proven itself to be the quickest and most successful means for consumers to become debt free. Often referred to as debt negotiation or debt arbitration, in a typical scenario a debt professional will negotiate on behalf of the consumer with the consumer's creditors in order to facilitate a huge reduction in the total amount of debt that was originally owed.

The program is a win-win situation for both creditor and the consumer. The creditor obtains some payment of debts owed to them, and the consumer obtains debt relief in the form of a reduction that is typically in the range of 50% to 75% off of the original amount owed, negating any consideration for a bankruptcy filing.

Totaldebtrelief.net offers consumers a free debt evaluation which they can take advantage of at http://www.totaldebtrelief.net

Totaldebtrelief.net has been a leader in the debt relief field for over 5 years. Their debt management professionals educate consumers on all the options available to them to get out of debt. Totaldebtrelief.net helps consumers make the most informed decision possible so that they may get their financial lives back on track.

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John Chase
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